By The Weekly Edge desk ·
Gaming Intelligence reported that the CFTC is asking the White House to approve two proposed rules concerning gambling and prediction markets. The report described the proposals as an effort to secure the commission’s authority over prediction markets.
Prediction market operators face proposed rules intended to secure CFTC authority over their sector.
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The outcome could determine whether prediction market operators can continue serving the US market under federal or state rules.
The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
The appointment expands Dechert’s capacity to advise clients on prediction markets and CFTC regulation.
Investors face contrasting casino transaction outcomes as an MGM takeover collapsed while the Caesars deal progressed.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.