CFTC sends White House rules to define event contracts as swaps
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The Commodity Futures Trading Commission (CFTC) has submitted two event contract rules to the White House for review, in a move that seeks to place prediction markets under federal authority rather than state gambling oversight. The regulator sent both measures this week to the Office of Informatio…
The Commodity Futures Trading Commission (CFTC) has submitted two event contract rules to the White House for review, in a move that seeks to place prediction markets under federal authority rather than state gambling oversight. The regulator sent both measures this week to the Office of Information and Regulatory Affairs (OIRA), the office within the White House Office of Management and Budget (OMB)...