The CFTC's interim final rule excludes qualifying casino and sportsbook wagers from the definition of a swap, leaving those activities under state and tribal jurisdiction. Simultaneously, a proposed rule seeks to classify event contracts based on sports, politics, culture, and weather as swaps subject to the agency's exclusive federal jurisdiction under the Commodity Exchange Act. This proposed expansion of the swap definition is currently open for public comment.
Tuesday, October 20, 2026
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Kalshi Requests Sixth Circuit Rehearing Using New CFTC Swap Rules
Business10 days ago
Prediction market operator Kalshi filed a petition on Oct. 9 asking the full Sixth Circuit to rehear a case it lost to Ohio and Tennessee, citing new regulatory distinctions from the Commodity Futures Trading Commission. The filing occurred at the final hour of a 14 day rehearing window and coincided with the release of new CFTC rules that differentiate between traditional gambling and exchange traded derivatives.
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