U.S. CFTC Pursues Event Contract Definitions That Could Challenge State Gambling Assertions
The Commodity Futures Trading Commission (CFTC), the federal agency tasked with overseeing the nation’s derivatives markets, is currently engaged in a high‑stakes regulatory battle that pits its authority against the gambling statutes of several U.S. states. At the heart of the conflict are "event contracts," a class of financial instruments that allow participants to place wagers on the outcome …
Sept. 30, 2026, 3:19 p.m.