CFTC Sends White House New Rules to Cement Its Grip on Prediction Markets
TLDR — The two proposals would define event contracts as "swaps" while excluding "casino-style gambling products"—a bid to cement the agency's exclusive jurisdiction as states sue prediction-market operators over gambling
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The two proposals would define event contracts as "swaps" while excluding "casino-style gambling products"—a bid to cement the agency's exclusive jurisdiction as states sue prediction-market operators over gambling claims.
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