CFTC formally proposes that event contracts count as swaps; comments due 18 November
The regulator has also asked Novig and ProphetX to hold off on 'micro' sports contracts.
event contracts
Malta's regulator explains how prediction markets may fall under MiFID II, gambling law or MiCA
An MFSA circular says some event contracts are financial instruments and some are not. Operators must assess each contract, and a single platform could fall under several regimes at once.
Canada's CIRO bans sports event contracts and stops dealers displaying unpermitted contracts
Updated terms and conditions bar sports and entertainment contracts outright. Dealers may not show, rank or put on watchlists contracts they cannot offer, and permitted contracts must use objective indicators.
SEC approves Cboe binary options on company KPIs
The $1 all-or-nothing contracts pay out on reported figures such as AWS sales or Tesla deliveries. They will trade as listed NMS options, with insider-trading surveillance built in.
CFTC writes sportsbooks and casinos out of the swap definition
An interim final rule that took immediate effect adds a 'product test': licensed, bilateral wagers are gambling, and multilateral, tradable contracts are swaps.
CFTC staff treat 'mention markets' as presumptively open to manipulation
Advisory 26-27 tells DCMs that contracts on what someone says or attends need a much stronger Core Principle 3 case.