Key Moments: The Commodity Futures Trading Commission has submitted two significant rule proposals to the White House’s Office of Management and Budget for review One rule aims to carve out casino-style gambling from the definition of swaps, while the other would broaden the swap definition to cover prediction market event contracts Conflicting court rulings and state regulatory actions continue as the CFTC moves forward with its own approach to classify and oversee event contracts Recent Regulatory Actions by the CFTC The Commodity Futures Trading Commission (CFTC) has advanced two major…
Read MoreCFTC Seeks Stronger Grip on Prediction Markets With New Regulatory Measures
