On October 9, 2026, the Commodity Futures Trading Commission proposed expanding the Commodity Exchange Act's legal swap definition to expressly include event contracts on sporting, political, cultural, and weather-related outcomes traded on registered designated contract markets

From the articleCFTC Proposes to Expand Definition of Swaps to Include Prediction Markets TradingAlso in CFTC proposes a divide between prediction contracts and sportsbook wagers, CFTC proposes treating event contracts as swaps while excluding casino gambling, CFTC Draws the Line Between Prediction Markets and Gambling in New Rules - Decrypt, CFTC proposes new swap definition to regulate prediction markets, U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages