CFTC proposes swap classification for sports and political event contracts
By The Weekly Edge desk · · Updated
Summary
The CFTC proposed rule changes on 9 October to classify sports, political, cultural and weather event contracts as swaps under US federal law, iGaming Today reported. The proposal would explicitly include these contracts in the agency’s rules.
Why it matters
The CFTC proposal would classify sports, political, cultural and weather event contracts as swaps and explicitly include them in rules.