Category: Commodity Futures Trading Commission

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Maryland courts were silent on event contracts and prediction markets today.

Today, neither the Supreme Court of Maryland, the U.S. District Court-District of Maryland, or the U.S. Court of Appeals-Fourth Circuit Court issued a ruling regarding artificial intelligence, event contracts, or prediction markets. The U.S. Supreme Court, which recently began its 2026-2027 session, did not issue any orders regarding artificial intelligence, event contracts, or prediction markets. … Continue reading Maryland courts were silent on event contracts and prediction markets today.

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A little market action on an otherwise quiet holiday.

It was Columbus Day here in the United States. Federal government offices, the post office, and most bank branches were closed to commemorate the landing of Christopher Columbus on the island of San Salvador in The Bahamas. The prediction markets in the United States were not closed. While we are three weeks away from mid-term … Continue reading A little market action on an otherwise quiet holiday.

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CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning the Inclusion of Certain Event Contracts in the Definition of Swap

October 09, 2026 WASHINGTON — The Commodity Futures Trading Commission today published a Notice of Proposed Rulemaking that proposes providing additional market clarity by expressly further defining the term “swap” to include event contracts, including those based on sports, politics, cultural, and weather-related events. The proposal notes these contracts are financial instruments that are commonly … Continue reading CFTC Seeks Public Comment on Notice of Proposed Rulemaking Concerning the Inclusion of Certain Event Contracts in the Definition of Swap

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CFTC Issues Interim Final Rule Excluding Certain Activity from the Definition of Swap

October 09, 2026 WASHINGTON — The Commodity Futures Trading Commission today published an Interim Final Rule that codifies the CFTC’s longstanding position that casino-style gambling products, including wagers placed on sportsbooks and casino games, are excluded from the “swap” definition. “Casino-style gambling products are not derivatives,” said Chairman Michael S. Selig. “Just as the CFTC … Continue reading CFTC Issues Interim Final Rule Excluding Certain Activity from the Definition of Swap

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Should states have jurisdiction over sports event or gambling contracts formed in their states?

I reviewed Maryland state and federal court findings and rulings for 3 September 2026 on event contracts and prediction markets. Nothing stood out to me except for the possibility that the U.S. Supreme Court may address the question whether prediction markets could extract taxes from the States and transfer them to the federal governments. The … Continue reading Should states have jurisdiction over sports event or gambling contracts formed in their states?