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Morning Edition · Saturday, October 10, 2026Published at 1:48 AM EDT · New York
CFTC moves to define event contracts as swaps after appeals courts rule against Kalshi
A companion interim final rule would exclude casino-style gambling products, a line the regulator needs if it is to defend federal jurisdiction against gambling regulators in at least nine states.
The Commodity Futures Trading Commission (CFTC) has proposed a formal rule that would classify certain event contracts as swaps under its oversight. These include the contracts traded on Kalshi, the regulated prediction-market exchange. The…
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