The Commodity Futures Trading Commission proposed Friday to expressly include certain event contracts in the definition of a swap. The proposal covers contracts based on sports, politics, cultural events and weather. Simultaneously, the CFTC issued an interim final rule excluding casino-style gambling products from that definition. This measure could strengthen the position of platforms like Kalshi and Polymarket against challenges from state gambling regulators. The proposal remains open to public comment and has not yet been adopted.
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