Sports prediction market contracts are not federal swaps, US appeals court rules

31st August, 2026

Narayani Srinivasan
Blue and gold light trails streaming across a dark digital sphere.

The outcome contradicts an earlier appeals court decision which ruled that all event contracts are swaps and are regulated by the Commodity Futures Trading Commission (CFTC), paving way for the Supreme Court to have the final say.

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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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