CFTC Sends White House New Rules to Cement Its Grip on Prediction Markets

Crypto Insight Summary: The two proposals would define event contracts as "swaps" while excluding "casino-style gambling products"—a bid to cement the agency's exclusive jurisdiction as states sue prediction-market operators over gambling claims. Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory proposals on prediction markets have minimal direct impact on crypto markets.