{"id":52887,"date":"2026-10-11T09:15:11","date_gmt":"2026-10-11T09:15:11","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=52887"},"modified":"2026-10-11T09:15:11","modified_gmt":"2026-10-11T09:15:11","slug":"cftc-draws-sharp-line-excluding-casino-gambling-from-swaps-while-targeting-event-contracts","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=52887","title":{"rendered":"CFTC Draws Sharp Line Excluding Casino Gambling From Swaps While Targeting Event Contracts"},"content":{"rendered":"

\"\"<\/p>\n

Federal regulators are drawing a sharp line between casino-style gambling and event contracts in derivatives oversight.<\/p>\n

The Commodity Futures Trading Commission says<\/a> it published an interim final rule codifying the exclusion of casino-style gambling products, including sportsbooks and casino games, from the swap definition.<\/p>\n

The regulator says casino-style gambling products are not derivatives.<\/p>\n

Says CFTC Chairman Michael S. Selig,<\/p>\n

\u201cJust as the CFTC has done with respect to other products historically regulated by the states, the Commission today provides clarity regarding the limits of its regulatory remit by codifying the exclusion of casino-style gambling products from the \u2018swap\u2019 definition.\u201d<\/em><\/p>\n

The agency also released<\/a> a notice of proposed rulemaking to expressly include event contracts based on sports, politics, cultural, and weather-related events in the swap definition.<\/p>\n

The proposal identifies these contracts as financial instruments commonly referred to as swaps and seeks to clarify their regulatory treatment by eliminating any ambiguity surrounding them.<\/p>\n

\u201cAmericans use event contracts to hedge risks, speculate, and provide the public with information about the outcome of future events. These products are commodity derivatives squarely within the CFTC\u2019s regulatory remit under the Commodity Exchange Act and are within the agency\u2019s exclusive jurisdiction.\u201d<\/em><\/p>\n

If event contracts qualify as swaps, they would fall under the CFTC\u2019s jurisdiction, which Selig has argued is exclusive. That position would put platforms such as Kalshi<\/a> and Polymarket<\/a> beyond the reach of state gambling regulators. Several states have sued prediction-market operators over allegations of illegal gambling, prompting the CFTC to countersue in a bid to defend its regulatory authority.<\/p>\n

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The post CFTC Draws Sharp Line Excluding Casino Gambling From Swaps While Targeting Event Contracts<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Federal regulators are drawing a sharp line between casino-style gambling and event contracts in derivatives oversight. The Commodity Futures Trading Commission says it published an interim final rule codifying the exclusion of casino-style gambling products, including sportsbooks and casino games, from the swap definition. The regulator says casino-style gambling products are not derivatives. Says CFTC […]<\/p>\n","protected":false},"author":1,"featured_media":52888,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-52887","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nCFTC Draws Sharp Line Excluding Casino Gambling From Swaps While Targeting Event Contracts - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=52887\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFTC Draws Sharp Line Excluding Casino Gambling From Swaps While Targeting Event Contracts - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Federal regulators are drawing a sharp line between casino-style gambling and event contracts in derivatives oversight. 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