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Tag: cftc
Supreme Court Weighs High-Stakes Battle Over Sports Prediction Markets as CFTC Issues New Rules
The United States Supreme Court has not yet indicated whether it will wade into a high-profile legal battle surrounding prediction markets, but the legal and regulatory pressure is mounting rapidly. A wave of influential amicus briefs has flooded the nation’s highest court, while the Commodity Futures Trading Commission (CFTC) has moved swiftly to cement its…
CFTC Proposes Formal Rules to Designate Prediction Market Contracts as Swaps, Defying State Regulators
The U.S. Commodity Futures Trading Commission (CFTC) has taken its most definitive step yet to establish exclusive federal authority over prediction markets, issuing a new set of rules designed to legally anchor event contracts as "swaps." The dual regulatory move, unveiled on Friday, includes an interim final rule that explicitly carves out traditional casino-style gambling…
