[U.S. Commodity Futures Trading Commission Proposes Including Event Contracts Under Derivatives Regulation]
The U.S. Commodity Futures Trading Commission (CFTC) has issued an interim final rule and proposal to include event contracts in areas such as sports, politics, culture, and weather under swap-related trading regulation. The rule, spearheaded by Chairman Mike Selig, explicitly brings contracts traded on platforms like Polymarket and Kalshi under regulatory oversight, while excluding casino-style gambling. The interim final rule takes immediate effect and is open for public comment, with a 30-day comment period for the comprehensive proposal. (Source: U.S. Commodity Futures Trading Commission)
