CFTC Proposes Swap Definition for Event Contracts

The US Commodity Futures Trading Commission (CFTC) has submitted a proposal to define event contracts as swaps, rather than casino games.

This move could have significant implications for the cryptocurrency market, particularly for platforms offering derivatives and futures trading services.

The CFTC's definition would classify event contracts as swaps, which are subject to regulatory oversight. This could lead to stricter rules and increased transparency in the industry.