COINDESK · 2026-10-09 21:23 UTC

U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages

The CFTC issued an interim final rule Friday defining event contracts as 'swaps' under federal jurisdiction, seeking to exclude them from state gambling regulators' authority. The agency proposed folding event contracts including sports, politics, cultural, and weather-related events traded on platforms like Kalshi and Polymarket into existing U.S. swaps regulations. Multiple states and former officials have objected and submitted views to the U.S. Supreme Court, with recent court decisions going both ways on whether states or the CFTC has authority over these platforms.

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