CFTC Wants to Redefine Swaps to Include Prediction Platforms
The Commodity Futures Trading Commission (CFTC) wants to define financial swaps to include event contracts based on sports, political, cultural and weather-related events. The regulator published a proposed rulemaking plan Friday (Oct. 9), part of an ongoing legal fight around the prediction markets sector. That proposal is designed to remove “any ambiguity regarding these contracts,” […] The…
We haven't written up this one. PYMNTS has the full story — the link below goes straight to it.
