CFTC moves to bring event contracts under ‘swap’ definition as legal fight rages

12th October, 2026

Narayani Srinivasan

The US derivatives regulator has proposed to classify event contracts tied to sports, politics, culture and weather as swaps, as the agency seeks to reduce regulatory uncertainty and reinforce oversight of prediction markets.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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