Codifies longstanding position that casino-style gambling products, including wagers placed on sportsbooks and casino games, are excluded from the swap definition.
Reiterates position that oversight of federally regulated derivatives markets does not intrude upon traditional State and Tribal regulation of casino-style gambling products.
Does not imply that any contract that does not meet exclusion requirements is a swap.
Such contracts will require further analysis of applicable facts and circumstances, including form and substance, to determine whether it is a gambling product.
Effectiveness
Interim final rule effective 30 days after publication in the federal register.
Oct. 19, 2026 Fed Reg Interim Final Rule
On Oct. 19, 2026, CFTC published interim rule in the federal register, effective Oct. 19, 2026.
Comments must be received on or before Nov. 18, 2026.
