CFTC Wants Event Contracts Defined as Swaps, but Not Casino Games

Crypto Insight Summary: The Commodity Futures Trading Commission has sent the White House two rules that would redraw the legal definition of a swap. That definition is at the center of prediction markets’ fight with the states. One rule would bring event contracts inside the definition, and the other would carve casino-style gambling out of it. While there […] Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: CFTC's proposal on event contracts doesn't directly affect crypto markets.