CFTC Wants Event Contracts Defined as Swaps, but Not Casino Games
The Commodity Futures Trading Commission has sent the White House two rules that would redraw the legal definition of a swap. That definition is at the center of prediction markets’ fight with the states. One rule would bring event contracts inside the definition, and the other would carve casino-style gambling out of it. While there […]
Key Takeaways
- The Commodity Futures Trading Commission has sent the White House two rules that would redraw the legal definition of a swap.
- That definition is at the center of prediction markets’ fight with the states.
- One rule would bring event contracts inside the definition, and the other would carve casino-style gambling out of it.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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