The CFTC has proposed its first written framework for sports event contracts, formally defining sports markets as “gaming” – then writing definitions under which virtually everything currently traded on Kalshi and its rivals stays legal. Five banned categories, one legalized industry The Commodity Futures Trading Commission released the proposed rulemaking on Wednesday, June 10, opening […]CFTC Says Sports Contracts Involve Gaming but Proposes to Allow Almost All of Them
The CFTC has proposed its first written framework for sports event contracts, formally defining sports markets as “gaming” – then writing definitions under which virtually everything currently traded on Kalshi and its rivals stays legal. Five banned categories, one legalized industry The Commodity Futures Trading Commission released the proposed rulemaking on Wednesday, June 10, opening […]