CFTC Sends White House New Rules to Cement Its Grip on Prediction Markets

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

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.