# 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.

- Published: 2026-10-10T05:48:41.996Z
- Canonical: https://polylog.news/crypto/2026-10-10/cftc-moves-to-define-event-contracts-as-swaps-after-appeals
- Publisher: Polylog (Crypto desk)
- Section: markets
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/10/09/u-s-cftc-moves-to-fold-event-contracts-into-swaps-regulations-as-legal-fight-rages), [Cointelegraph](https://cointelegraph.com/news/cftc-seeks-to-define-event-contracts-as-swaps-amid-prediction-market-fight), [Polymarket](https://polymarket.com/event/what-price-will-wti-hit-in-october-2026)

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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