CFTC weighs gaming definition for US event contracts
By The Weekly Edge desk ·
Summary
The CFTC continues to consider how to define gaming for event contracts, Online Poker Report reported. Chairman Michael S. Selig said the relevant statute leaves key terms undefined. Nevada and New Jersey continue to assert state gambling authority over sports-outcome contracts.
Why it matters
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.