PolicyCoinDeskabout 1 hour ago
CFTC Moves to Define Event Contracts as Swaps
5 min read
The CFTC sent two rules to the White House on September 28: one would classify event contracts as swaps, the other would exclude casino-style gambling from that definition. This challenges states' claims that Kalshi's sports contracts are illegal gambling, and could undermine their lawsuits. The rules face conflicting federal appellate rulings, likely reaching the Supreme Court.
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