The Coalition for Prediction Markets said the definition of swaps is “certainly broad enough” to include sports in its response to the Commodity Futures Trading Commission.
The CFTC’s public commentary period on its advanced notice of proposed rulemaking concerning prediction markets ends Thursday afternoon with more than 1,400 comments posted over the 45-day period.
The coalition and its five members – Coinbase, Crypto.com, Kalshi, Robinhood and Underdog – also said any new definition of gaming should cover casino-style games traditionally regulated by states in its comments submitted Thursday.
There is nothing that suggests a significant change is coming from the CFTC concerning event contracts and predictions.
