CFTC Proposes Rule on Swaps to Assert Jurisdiction Over Prediction Markets

The Commodity Futures Trading Commission (CFTC) has proposed a rule to expand the definition of swaps to include event contracts, including sports-related ones. This is the agency’s latest move to assert exclusive jurisdiction over prediction markets and fend off regulatory pushback from state regulators. Ad Ad CFTC Proposes To Define Prediction Markets Event Contracts As