It has been a big week of anti-prediction markets mobilization in court. After the Commodity Futures Trading Commission (CFTC) last week published a proposed rulebook for event contracts that took a broadly permissive stance on sports trading, dozens of state attorneys general, tribal organizations, and even an ex-CFTC chairman filed various amicus briefs in pre-existing […]
The Commodity Futures Trading Commission (CFTC) recently unveiled a proposed rulebook for event contracts related to sports trading. This move was met with significant activity in the legal arena, with many state attorneys general, tribal organizations, and a former CFTC chairman submitting amicus briefs.
The proposed rules by the CFTC are seen as taking a permissive approach towards sports trading, sparking a flurry of responses from various entities, including state representatives and tribal groups. The involvement of multiple stakeholders indicates the high level of interest and scrutiny surrounding the regulation of sports prediction markets.
