PYMNTS

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 post CFTC Wants to Redefine Swaps to Include Prediction Platforms appeared first on PYMNTS.com.

By PYMNTS

1 min read
CFTC Wants to Redefine Swaps to Include Prediction Platforms
AI-generated illustration

Got news to share with the events industry?

Submit a press release or story tip and reach thousands of event professionals.

Get in touch→

More in Fintech & Digital Payments

Related Insights