Event contracts stories

Oct 9, 2026

CFTC proposes treating event contracts as swaps while excluding casino gambling

The Commodity Futures Trading Commission proposed Friday to expressly include event contracts tied to sports, politics, culture and weather in the swap definition, while issuing a separate interim rule excluding casino-style gambling.

Oct 9, 20266 sources

Top claims

▪Event contracts traded on prediction markets are financial derivatives rather than gambling products
▪Better Markets policy director Benjamin Schiffrin argued on October 9, 2026 that sports event contracts facilitate sports betting and should remain subject to state gambling laws
▪Commodity Futures Trading Commission Chairman Michael S. Selig stated that event contracts on sports, politics, cultural events and weather are commodity derivatives within the agency's exclusive federal jurisdiction under the Commodity Exchange Act

Subtopics

CFTC retail crypto trading framework1 Commodity Futures Trading Commission1 Crypto prediction markets1 Crypto regulation1 Derivatives regulation1

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