What changed
The Commodity Futures Trading Commission has sent the White House two rules that would redraw the legal definition of a swap That definition is at the center of prediction markets’ fight with the states One rule would bring event contracts inside the definition, and the other would carve casino-style gambling out of it
Why it matters
Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is the Commodity Futures Trading Commission has sent the White House two rules that would redraw the legal definition of a swap
Trading lens
Use this as watchful context from news.bitcoin.com. Watch whether that definition is at the center of prediction markets’ fight with the states confirms momentum, invalidates active bias, or changes timing.