The CFTC has put forward two new proposals that could reshape how CFTC event contracts are treated under federal law. One measure would clarify that event contracts tied to sports, politics, cultural events, and weather fall within the definition of…
Could CFTC Classify Event Contracts as Regulated Swaps?
The U.S. Commodity Futures Trading Commission is taking formal steps to strengthen its authority over event contracts as a legal fight with several states continues. On Friday, the agency issued one rule that takes effect immediately and proposed another that…
Why is CFTC warning firms about event contracts now?
The U.S. Commodity Futures Trading Commission issued a new warning to prediction market businesses about how they submit event contracts for regulatory review. The notice applies to a growing market that includes companies such as Kalshi, Coinbase, Polymarket and Crypto.com.…
