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The CFTC issued rulemakings distinguishing licensed sportsbook bets, which are not swaps, from prediction market event contracts, which are. NBA Commissioner Adam Silver called for trading data access to detect manipulation plus national regulatory consistency, differing from the NFL’s state oversig…
The CFTC proposes classifying prediction market event contracts as swaps while excluding sportsbook wagers, amid ongoing legal challenges.
The U.S. Commodity Futures Trading Commission (CFTC) has put forward two proposals aimed at tightening the rules governing prediction markets and other “event c