Gaming Policy

34+ min ago   (514+ words) The Commodity Futures Trading Commission (CFTC) has strengthened its oversight over prediction markets, issuing two proposals that would formally define event contracts as “swaps” under federal law while prohibiting traditional gambling. The first proposed rule would expand the definition of…...

33+ min ago   (388+ words) “Based on what happened last session, I believe it’s generally understood that unless and until there is real movement and momentum in the Senate next session — meaning the Senate actually taking up and considering the issue — there is likely not…...

4+ hour, 12+ min ago   (766+ words) CFTC moves to classify event contracts as swaps, excludes casino-style gambling. The U.S. Commodity Futures Trading Commission (CFTC) proposed to classify event contracts as swaps. At the same time, the regulator excluded casino-style gambling, including sportsbook wagers, from that definition. The…...

3+ hour, 8+ min ago   (424+ words) According to CFTC press releases, one proposal would define event contracts as“swaps” under federal law, while the other would carve out casino-style gambling products from the same definition. Both filings were made Friday and come with a 30-day public…...

2+ hour, 46+ min ago   (558+ words) The MGCB (Michigan Gaming Control Board) isn’t just gunning for prediction markets in 2026. It also has its sights set on unlicensed offshore gambling operators, serving 33 with cease-and-desist letters. The operators of offshore casinos and sweeps sites were sent letters last…...

4+ hour, 2+ min ago   (356+ words) The number and location of businesses allowed to offer video gambling in Batavia have been limited, officials decided this week. The Batavia City Council approved three ordinances on Oct. 5, setting a cap on the number of video gambling licenses allowed…...

4+ hour, 27+ min ago   (280+ words) The action sets a clearer boundary around the agency’s remit over gambling-related products, but it does not settle the separate policy and rulemaking questions surrounding exchange-traded event contracts and prediction markets. In its October 9 announcement, the CFTC said the interim…...

11+ hour, 38+ min ago   (399+ words) Charles is a journalist with a deep passion for blockchain technology. Having personally benefited from it, he shares accurate and reliable insights, staying updated on the latest industry trends. The US Commodity Futures Trading Commission has issued an interim final…...

6+ hour, 49+ min ago   (476+ words) In its first filing, the CFTC proposed clarifying the statutory definition of a“swap” to include event contracts. According to the agency, event contracts-whether tied to sports, politics, cultural events, or weather-are financial instruments that are commonly treated as swaps…...

8+ hour, 39+ min ago   (263+ words) Federal regulators are drawing a sharp line between casino-style gambling and event contracts in derivatives oversight. The Commodity Futures Trading Commission says it published an interim final rule codifying the exclusion of casino-style gambling products, including sportsbooks and casino games,…...