Event Contracts

Commodity Futures Trading Commission published this proposed rule in the Federal Register on Jun 10, 2024. Comments close Jul 9, 2024.

Abstract

The Commodity Futures Trading Commission (Commission or CFTC) is proposing amendments to its rules concerning event contracts in certain excluded commodities. The Commission is proposing amendments to further specify types of event contracts that fall within the scope of section 5c(c)(5)(C) of the Commodity Exchange Act (CEA or the Act) and are contrary to the public interest, such that they may not be listed for trading or accepted for clearing on or through a CFTC-registered entity. Among other things, the Commission proposes to further specify the types of event contracts that involve "gaming." The Commission also proposes to amend certain language in its event contract rules to further align with statutory text, and to make certain technical changes to its event contract rules in order to enhance clarity and organization.

The abstract is quoted as the Federal Register publishes it.

Document

Agency

Commodity Futures Trading Commission

Type

Proposed Rule

Published

Jun 10, 2024

Comments close

Jul 9, 2024

Document number

2024-12125

Federal Register

Read the document

Source: the Federal Register, public domain. All documents.