According to CoinMeta, the U.S. Commodity Futures Trading Commission (CFTC) is seeking a clear definition of "swaps" in order to address jurisdictional disputes with state gambling regulators. The CFTC has submitted a proposal to extend the definition of "swaps" to include event contracts, while excluding casino-style gambling products. This classification will help the CFTC claim exclusive federal jurisdiction over event contracts in regulated forecasting markets.