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CFTC Press Releases·

CFTC Issues Interim Final Rule Excluding Certain Activity from the Definition of Swap

  • The CFTC published an Interim Final Rule excluding casino-style gambling products from the "swap" definition.
  • The rule codifies the Commission's position that sportsbook wagers & casino games are not derivatives.
  • Chairman Michael S. Selig stated the action clarifies the limits of the CFTC's regulatory remit over products historically regulated by states.
  • The rule becomes effective immediately upon publication in the Federal Register.
  • Written comments regarding the rule must be submitted via Regulations.gov within 30 days of publication.