The U.S. Supreme Court has not yet decided whether to hear cases surrounding prediction markets, but has received multiple amicus curiae briefs, an interim final rule, and a proposed rule. Last week, various parties, including former Senator Chris Dodd, former Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler, the National Football League (NFL), 39 states, and 145 tribal nations, submitted amicus curiae briefs to the Supreme Court, urging it to take up the case and generally arguing that sports-based prediction market products are not swaps and should not be regulated by the CFTC. The CFTC on Friday issued two proposals (one of which is already in effect) aimed at clarifying its interpretation of whether these products fall within the definition of "swaps." The agency stated that casino-style gambling does not fall within the definition of swaps, but event contracts remain within its scope, and it seeks to formally include sports, political, cultural, and weather-related events within the category of swap event contracts.