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    CFTC sends White House rules to define event contracts as swaps

    CFTC sends White House rules to define event contracts as swaps

    The Commodity Futures Trading Commission (CFTC) has submitted two event contract rules to the White House for review. This move aims to classify prediction markets as swaps, placing them under federal rather than state gambling oversight.

    Summary based on reporting by Yogonet, which retains all rights to its text and images.

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