U.S. FEDRegulation
CFTC interim final rule excludes casino-style gambling products from the swap definition
The Commodity Futures Trading Commission published an interim final rule on October 19, 2026 that excludes casino-style gambling products from the definition of swap in 17 CFR Part 1. The rule took effect the same day. It covers wagers placed with licensed sportsbooks and casino operators and states that the Commission will consider comments received by November 18, 2026 and may modify the rule.
Key points
- New 17 CFR 1.3 paragraph (7) excludes agreements offered by state- or tribally licensed gambling operators acting within that licence and regulated as gaming.Federal Register
- The exclusion lists sports wagers, casino table games, slot machines and other licensed games of chance including bingo, lotteries and raffles.Federal Register
- Excluded products must not be traded on a board of trade, organised exchange, swap execution facility or other multilateral or negotiated market.Federal Register
- The rule is an interim final rule under RIN 3038-AF81, published at 91 FR 65969, issued in Washington on October 15, 2026.Federal Register
- Chairman Selig voted in the affirmative and no commissioner voted in the negative, according to the voting summary appendix.Federal Register
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RegulationU.S.CFTC Swap Casino-Style Gambling ExclusionFinancial servicesRegulatoryFor practitionersFor governance