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CFTC Defends Prediction Markets Turf with New ‘Swap’ Definition

The Commodity Futures Trading Commission proposed defining financial swaps to explicitly include event contracts based on sports, politics, culture and weather-related wagers as the legal fight escalates over the booming prediction markets industry.

Sources (1)· Oct 9, 9:43 PM

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Bloomberg· Oct 9, 9:43 PMCFTC Defends Prediction Markets Turf with New ‘Swap’ Definition

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