[Michigan Federal Judge Rules Sports Prediction Markets Are Not Under CFTC Jurisdiction] According to Decrypt, Michigan federal judge Paul L. Maloney has ruled that sports prediction markets do not fall under the Commodity Futures Trading Commission's (CFTC) regulation as SWAP contracts, rejecting Polymarket's request for a preliminary injunction to prevent the state from restricting its sports event contracts. The judge explicitly stated that Polymarket is unlikely to prevail in this case and noted that sports-related betting does not constitute swaps and should not be regulated by the CFTC. Under the Trump administration, the CFTC argued that it has the authority to regulate prediction markets under the Dodd-Frank Act and has filed lawsuits against multiple states attempting to restrict prediction markets. Judge Maloney's ruling asserts that Polymarket's interpretation of the scope of derivatives is overly broad, which would encompass a large number of activities traditionally under state rather than federal jurisdiction.