CFTC sends White House two rules on event contracts as swaps
Image: UnchainedThe Commodity Futures Trading Commission sent two rule proposals to the White House for review on Sept. 29. One proposed rule would further define swaps to include event contracts. An interim final rule would exclude casino-style gambling products. Several states have argued event contracts are gambling and should fall under state gambling laws. The CFTC has taken states to court over limits on event contracts. The listings carry no rule text.
Key points
- The CFTC sent two rule proposals to the White House for review.
- One proposed rule would further define swaps to include event contracts.
- An interim final rule would exclude casino-style gambling products.
- States have argued event contracts are gambling and should fall under state gambling laws.
- The CFTC faces state litigation over limits on event contracts.
Why it matters
The proposals would place qualifying event contracts under federal swaps oversight and exclude casino-style gambling products. States are challenging that approach in court.
What's unclear
The rule text and the CFTC's definition of casino-style gambling products are not public.
Sources · 2 publishers
Unchained
Tier 1
CFTC Sends the White House Rules That Would Define Event Contracts as Swaps
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Unchained
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
