News
CFTC Puts Prediction Markets Inside Swap Rules, Exempts Gambling
The CFTC proposed rules to classify sports, politics, and weather contracts as swaps, while exempting sportsbook wagers and casino games from its definition.
Tag
kalshi
News
CFTC draws some event contracts into swaps, carves out casino products
The CFTC proposed a rule to classify event contracts as swaps while simultaneously excluding casino-style products from that definition, effective upon Federal Register publication.
Analysis
Kalshi’s sports contracts lose Sixth Circuit appeal
The Sixth Circuit ruled against Kalshi's sports contracts, deepening a circuit split on whether prediction markets are commodities or gambling, with Kalshi now losing two of three circuit decisions.
