# Event Contract **Domain:** Derivatives / Prediction markets **Doc Type:** Developed Wiki Node **Maturity:** Developed **Collection:** [[collections/Gamification|Gamification Collection]] ## Definition An **event contract** is a financial contract whose settlement depends on the occurrence, extent, or outcome of a specified event. On registered U.S. contract markets it is governed through Commodity Exchange Act and CFTC rules, subject to contested statutory limits including gaming. ## Significance Event contracts turn propositions about sport, politics, economics, or other outcomes into tradeable positions. Their classification determines whether the arena is treated as a federal derivatives market, state-regulated gambling, or a prohibited category. ## Sources - [[articles/gamification/Lex Sportiva and Winning Without Bloodshed|Lex Sportiva and Winning Without Bloodshed]] - [CFTC event-contract discussion](https://www.cftc.gov/PressRoom/SpeechesTestimony/mersingerstatement062323) ## Routes [[wiki/Prediction Market|Prediction Market]] · [[wiki/Commodity Exchange Act|Commodity Exchange Act]] · [[wiki/CFTC|CFTC]] · [[wiki/Sports Betting|Sports Betting]]