U.S. CFTC Looks to Define Event Contracts That Could Challenge State Gambling Assertions
The Commodity Futures Trading Commission (CFTC) has entered a new phase of its ongoing clash with state regulators over the proper classification of prediction‑market products, commonly referred to as event contracts. These contracts, which pay out based on the outcome of a specific future event—such as an election result, a sports championship, or a weather phenomenon—have long occupied a gray a…
Sept. 30, 2026, 3:19 p.m.