prediction markets

CFTC just dropped a bombshell by proposing rules to formally classify sports, political, and climate event contracts as commodity swaps under exclusive federal jurisdiction. They’re basically drawing a hard line between traditional casino/sportsbook wagers and peer-to-peer order book...

Hey everyone, I’ve been trying to wrap my head around this whole mess with prediction markets and the CFTC, and I'm honestly super confused. Ngl, seeing all these sports and political event contracts blowing up with billions in volume got me curious, but this new rule stuff is making my head...