White House Reviews New CFTC Rules as Prediction Market Fight Escalates

The White House is reviewing two CFTC proposals that could reshape federal oversight of rapidly expanding prediction markets. The proposals would broaden the definition of swaps to cover event contracts. They would also carve casino-style gambling products out of the federal framework. Consequently, the rules could intensify a growing dispute between federal regulators and states. […] Read The Full Article White House Reviews New CFTC Rules as…