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.
swaps
Chicago judge finds Illinois gambling law likely pre-empted for Kalshi title-game contracts
Judge Pacold calls the contracts swaps that 'people find entertaining and fun', in a ruling that cuts against the Sixth Circuit a week earlier.
Sixth Circuit rules against Kalshi in Ohio and Tennessee
The panel says Kalshi has not shown its sports contracts are swaps, and says the CEA would not pre-empt state gambling law even if they were.