CFTC Advances New Rules Classifying Event Contracts as Swaps to Clarify Prediction Market Oversight

October 10, 2026

The CFTC has proposed rules explicitly categorizing event contracts as swaps, providing regulatory clarity for prediction markets while maintaining exchange duties and excluding casino-style gaming.
Read more

Ninth Circuit Rules Kalshi Sports Contracts Aren’t Swaps, Sparking Federal Circuit Split

August 29, 2026

The Ninth Circuit Court of Appeals ruled that Kalshi's sports event contracts are not swaps under federal law, paving the way for Nevada state gaming enforcement and creating a major federal circuit split.
Read more