The Commodity Futures Trading Commission’s interim final rule excluding casino-style gambling products from the federal definition of a swap was published in the Federal Register on October 19. The document states that the rule takes effect the same day and sets November 18 as the deadline for comments. [1]
What the commission published
The CFTC describes the measure as a codification of its longstanding position. Its summary identifies sportsbook wagers and casino games as examples of products excluded from the swap definition. The action is an interim final rule with a request for comments, rather than a new operator licence or a casino recommendation. [1]
Keep the scope of the report clear
For readers following sweepstakes and social-casino coverage, the immediate distinction is between publication of a federal definition and an individual operator’s product rules. This report records the federal document and its stated dates; it does not classify a particular sweepstakes product or determine where a named casino may operate.
Read the linked original document when comparing coverage of the rule. Publication, effective and comment dates answer different questions, so a later report should not be mistaken for another rulemaking event. Our editorial policy explains how we distinguish sourced reporting from operator testing.