EconomyCFTC proposes dividing prediction contracts from sportsbook wagers
The CFTC proposed classifying sports and other event contracts as swaps, while issuing an interim final rule that excludes sportsbook and casino wagers. The proposal is open to public comments; the exclusion takes effect once published in the Federal Register. A court ruling also found that federal regulation does not necessarily displace state gambling laws.
CFTC proposes dividing prediction contracts from sportsbook wagers
Economy