CFTC Issues Interim Final Rule Excluding Casino-Style Gambling Products from the Swap Definition
The U.S. Commodity Futures Trading Commission (CFTC) issued an interim final rule to further clarify the 'swap' definition, excluding casino-style gambling products offered under state or tribal law from swap regulatory scope. This rule does not involve matters related to security-based swaps under SEC jurisdiction, and the CFTC has sought the opinion of the Board of Governors of the Federal Reserve System on this rule.
Read original