Según CoinDesk, The derivatives regulator is proposing a formal rule to include certain contracts traded on platforms like Kalshi's as swaps that require the agency's oversight. Según CoinDesk, putting a new definition in place on Friday and proposing other changes that collectively seek to secure the legal footing of events contracts as "swaps" — a transaction under the CFTC's authority and outside of state gambling regulators' reach.
Según CoinDesk, Casino-style gambling will be held outside that swap definition, according to the interim final rule issued by the agency. Según CoinDesk, The other rule proposal explicitly folds "event contracts, including those based on sports, politics, cultural, and weather-related events" that are routinely traded on such firms as Kalshi and Polymarket into the existing U.S. regulation of swaps Según CoinDesk, but that rule effort is in the proposal stage, with a relatively brief 30-day comment period.
Según CoinDesk, Several states are embroiled in lawsuits with the regulator as they insist they have authority over the kind of sports betting happening on the platforms Según CoinDesk, The U.S. Commodity Futures Trading Commission is making its pursuit of exclusive prediction markets authority a formal effort
Según CoinDesk, These actions had been submitted for White House review less than two weeks ago, showing an especially speedy process. Según CoinDesk, Selig, who is the lone commissioner on what's meant to be a five-member commission, is able to make decisions about the CFTC's policies on his own. Según CoinDesk, So far, President Donald Trump has declined to name additional people to the CFTC.
