News Summary

• The u.s. Supreme Court hasn't yet indicated whether it will take up cases surrounding prediction markets.
• A number of parties filed amicus briefs to the Supreme Court last week, urging it to take up a case on whether sports-based prediction market contracts are swaps, or not.
• On Friday, the CFTC put out two proposals (one of which is now in effect) outlining its own thoughts on the matter.
• The agency said casino-style gambling falls outside its definition of a swap, but event contracts remain within it.