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Predictions this week: CFTC proposes to define event contracts as swaps; NFL sides with the states

Predictions this week, October 5 to 11, 2026.

The Commodity Futures Trading Commission proposed on Oct 9 to define event contracts on sports, politics, culture and the weather as swaps, backing its claim that they are its alone to regulate. A day earlier the NFL told the Supreme Court that sports contracts are gambling for the states to oversee, saying its games drew $1.8B of the $3.3B traded on prediction markets on the season's first Sunday. Thirty-nine states and 145 tribal groups also asked the court to hear New Jersey's case against Kalshi, which must reply by Nov 9.

In this issue

  • News: Kalshi examined three bets of under $100 placed before Trump's press secretary pick was reported.
  • Volume: Traders paid $4.93B for contracts on the venues tracked, down 0.3% on the week before.
  • Markets: Kalshi traders had the Cowboys at 83% before the Buccaneers won 24–16.
  • Traders: joseph00677 topped Polymarket's weekly profit board with $1.6M.
  • VPX: 6 traders made 19 trades worth T$19K, in play money that can't be cashed out.

Read this week's report →

Predictions this week: CFTC proposes to define event contracts as swaps; NFL sides with the states | VPX Blog