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

Futures, options, and perpetual swaps tied to digital-asset prices, letting traders hedge or lever positions and often dwarfing spot volumes.

Ongoing legal fight over which digital assets count as securities under investor-protection law and which are commodities, determining whether the SEC or CFTC oversees them.