CFTC Moves to Expand Prediction Market Rules, Excludes Casino Gambling

The CFTC proposes new prediction market rules, classifying event contracts as swaps while excluding traditional casino gambling and sportsbook wagers. The US Commodity Futures Trading Commission (CFTC) is taking a major initiative focusing on prediction market rules. The agency has reportedly proposed to consider event contracts linked to politics, sports, and other events as swaps under federal laws. At the same time, traditional casino gambling and sportsbook wagers will be treated outside that definition. The CFTC is establishing its authority over prediction markets, with the agency issuing two measures on Friday.