The Coalition for Prediction Markets said the definition of swaps is “certainly broad enough” to include sports in its response to the Commodity Futures Trading Commission.
The Coalition for Prediction Markets has presented its argument to the Commodity Futures Trading Commission regarding the inclusion of sports within the definition of swaps. The organization believes that the current definition is sufficiently comprehensive to cover sports-related activities.
The Coalition's stance comes as the comment period with the CFTC draws to a close. By advocating for the incorporation of sports in the swaps definition, the Coalition aims to pave the way for the development of prediction markets in the sports sector.
