CFTC Wants to Redefine Swaps to Include Prediction Platforms

T2Covered by 1 source · first reported by PYMNTS at 12 Oct, 00:08 UTC

The Commodity Futures Trading Commission (CFTC) wants to define financial swaps to include event contracts based on sports, political, cultural and weather-related events. The regulator published a proposed rulemaking plan Friday (Oct. 9), part of an ongoing legal fight around the prediction…