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Contracts involving political events in CFTC cross-hairs

Biden campaign rally in Maryland
Photo: Nathan Howard/Getty Images

Regulator proposes a prohibition on some event contracts, citing public interest considerations in preventing their listing and clearing.

The Commodity Futures Trading Commission (CFTC) is responding to a significant increase in the volume of event contracts listed for trading on its registered exchanges.

In his public statements and remarks on the proposed rule change, Chairman Rostin Behnam points out that “more contracts