CFTC Moves to Separate Event Contracts From Casino and Sportsbook Bets

On October 9, 2026, the CFTC advanced an interim final rule and a separate proposal that would classify event contracts tied to sports, politics, culture, and weather as swaps. Casino games and sportsbook wagers would be excluded from that swap definition. The agency's authority over sports-related contracts is being challenged by states, with federal appeals courts split and the NFL and Robinhood taking opposing views.
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