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CFTC Sends White House New Rules to Cement Its Grip on Prediction Markets
The two proposals would define event contracts as "swaps" while excluding "casino-style gambling products"—a bid to cement the agency's exclusive jurisdiction as states sue prediction-market operators over gambling claims.
Why it matters
POLYMARKET · Why linked: Polymarket is a major prediction market that would be impacted by the CFTC's jurisdictional stance. Market context: Clearer CFTC jurisdiction could affect how Polymarket structures and offers event contracts in the U.S.
DKNG (DraftKings) · Why linked: DraftKings operates prediction-style products that the CFTC proposals seek to exclude as casino-style gambling. Market context: The exclusion of casino-style gambling products may limit certain DraftKings offerings from falling under CFTC swaps oversight.
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