WASHINGTON, Oct. 19 -- Commodity Futures Trading Commission has issued a rule called: Further Definition of "Swap" To Exclude Casino-Style Gambling Products.
The rule was published in the Federal Register on Oct. 19 by Christopher Kirkpatrick, Secretary of the Commission.
Summary: The Commodity Futures Trading Commission ("Commission" or "CFTC") is adopting an interim final rule ("Interim Final Rule") to codify its longstanding position that casino-style gambling products, including wagers placed on sportsbooks and casino games, are excluded from the "swap" definition.
For more information, contact Tyler S. Badgley, General Counsel; Aaron M. Levine, Deputy General Counsel for Regulation, rulemaking@cftc.gov, 202-418-5000, Office of the G...