CFTC excludes qualifying sportsbook and casino bets from US swap rules
By SectorWire desk · · Updated
Summary
The CFTC announced an interim final rule on October 9 excluding qualifying gambling wagers from its swap definition. The exclusion covers products authorised by states or federally recognised tribes that do not trade on exchanges or other multilateral markets. The rule takes effect upon Federal Register publication, and the agency opened a 30-day consultation.
Why it matters
The exclusion clarifies which licensed gambling products fall outside CFTC oversight while preserving separate treatment for exchange-traded prediction contracts.