CFTC issues rule excluding qualifying gambling products from US swap classification
By SectorWire desk · · Updated
Summary
The CFTC issued an interim final rule on 9 October to exclude qualifying gambling products from classification as swaps. Eligibility requires state licensing or operation by federally recognised tribes, regulation as gambling and no trading through exchanges or other multilateral markets. Publication in the Federal Register triggers the rule’s implementation and a 30-day comment period.
Why it matters
The exclusion clarifies which gambling products fall outside CFTC oversight for state-licensed and tribal operators.