DECRYPT · 2026-10-10 17:01 UTC

CFTC Draws the Line Between Prediction Markets and Gambling in New Rules

The CFTC issued a proposed rule expanding the 'swap' definition to include event contracts tied to sports, politics, cultural events and weather, asserting exclusive federal jurisdiction over prediction markets. An interim final rule effective immediately excludes casino-style gambling products like sportsbooks and casino games from the swap definition. The rules formalize proposals sent to the White House last month as the CFTC defends its authority amid state lawsuits and a pending Supreme Court case over whether event contracts are federally regulated derivatives.

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