The U.S. Commodity Futures Trading Commission (CFTC) has proposed a new rule to classify event-based contracts as swaps, subject to its regulatory authority. The move comes as a legal battle rages over the classification of such contracts. The CFTC aims to bring event-based contracts, traded on platforms like Kalshi, under its oversight.
Source
"CFTC Proposes Rule Change for Event-Based Contracts" — CoinDesk
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The proposed rule change would expand the CFTC's jurisdiction over event-based contracts, which are currently unregulated. The move is part of the regulator's efforts to modernize its approach to derivatives regulation.