I've been reading over previous cases that the Commodity Futures Trading Commission (CFTC) have brought up against organizations like InTrade. From what I can tell, InTrade was brought under scrutiny because they created binary options for commodities over which the CFTC has authority, e.g., oil, gold, and economic performance indices.
Would the CFTC also have similar jurisdiction on all forms of event contracts?
For example, if there were a binary option on whether or not SpaceX's next rocket launch is successful, would that come under similar scrutiny?
