U.S. CFTC Rules Could Shift Prediction Market Oversight From States

TLDR U.S. CFTC sent two prediction market rules to the White House for review. One proposal would place event contracts within the federal definition of swaps. A second rule would separate regulated swaps from casino-style gambling products. Federal courts remain divided over whether sports event contracts fall under CFTC authority. The rulemaking could reshape the [...]

The post U.S. CFTC Rules Could Shift Prediction Market Oversight From States appeared first on Blockonomi.