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 Coalition for Prediction Markets has made its case to the Commodity Futures Trading Commission (CFTC) as the comment period comes to a close. They argue that the definition of swaps is wide-ranging and should encompass sports-related predictions.
By highlighting the broad scope of swaps, the Coalition aims to ensure that sports fall within this regulatory framework. This move could have implications for the future of prediction markets and their regulation.
