REGULATION 60-second read
CFTC moves to fix sportsbook loophole with interim rule
The move follows federal court rulings that blurred the line between swaps & wagers.
The hit
The CFTC released an interim rule on Friday aiming to separate sports event contracts from traditional sportsbook wagers, according to SBC Americas. The move comes after federal court rulings cast doubt on certain similarities between the two.
The record
| Rule issued | Interim rule released Friday (SBC Americas) |
|---|---|
| Trigger | Recent federal court rulings cast doubt on certain similarities between contracts & wagers |
| Scope | Rule aims to separate sports event contracts from traditional sports wagers |
Sources: New CFTC swap rule tries to patch sportsbook hole from appellate cases
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