CFTC Sends Rules to Define Prediction Market Event Contracts as Swaps

TLDR The CFTC sent two rules to the White House on Sept. 28 that would change the legal definition of a swap. One proposed rule would add event contracts, such as prediction market bets, to the swap definition. A second interim final rule would exclude casino-style gambling and take effect as soon as it is [...]

The post CFTC Sends Rules to Define Prediction Market Event Contracts as Swaps appeared first on Blockonomi.