The Commodity Futures Trading Commission (CFTC) has initiated a proceeding to define event contracts as swaps.
Source
"CFTC Pursues Definition of Event Contracts as Swaps" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The classification would enable the CFTC to assert its authority over event contracts offered on regulated prediction markets, aligning with its claims of exclusive federal jurisdiction.