CFTC Submits Prediction Market Rules to White House for Review

On September 30, 2026, the CFTC submitted two rules to the White House Office of Management and Budget to assert federal jurisdiction over prediction markets. The first proposal amends the definition of 'swap' to include event contracts under the Commodity Exchange Act, while the second interim final rule excludes casino-style gambling products from that classification. This move aims to solidify federal authority amid ongoing legal challenges from states like Ohio, Tennessee, and New Jersey regarding the regulation of event-based contracts.