CFTC Draws a Federal-State Line for Prediction Markets
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The Commodity Futures Trading Commission has issued two measures that would define which prediction-market contracts fall under federal derivatives rules and which remain gambling products overseen by states. The agency says event contracts are within its exclusive authority under the Commodity Exchange Act, a position that puts the rulemaking at the center of an ongoing jurisdictional fight, as the CFTC’s effort to clarify event-contract oversight shows.
One measure would expand the definition
One measure would expand the definition
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