CFTC Moves to Fold Event Contracts Into Swap Rules — What Changes for Polymarket and Kalshi?
Photo: Blockchain Reporter
The U.S. Commodity Futures Trading Commission moved on Oct. 9 to fold event contracts — the sports, politics, cultural and weather markets traded on platforms such as Kalshi and Polymarket — into the legal definition of a swap, a step aimed at keeping prediction markets under the agency’s exclusive federal jurisdiction. The regulator published a notice of proposed rulemaking to make that inclusion explicit, alongside an interim final rule that took effect immediately and carves casino-style gambling out of the swap definition.
Source: Blockchain Reporter
