US Commodity Futures Trading Commission Proposes to Bring Event Contracts Under Swaps Regulation

Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has issued one rule and proposed another, aiming to further clarify that event contracts constitute "swaps," thereby reinforcing Chairman Mike Selig's view that prediction market trading should be regulated solely by the agency.

This move comes as the CFTC is engaged in legal disputes with multiple states over regulatory jurisdiction, with several federal rulings in these disputes having gone against the CFTC. (CoinDesk)