BetMGM CEO Dismisses CFTC Prediction-Market Moves as Cosmetic
Edited by Steinar Vigdel Kolnes, Editor, Oslo
BetMGM CEO Adam Greenblatt says the CFTC’s latest steps do not resolve prediction-market risks and expects the Supreme Court to favor states.
BetMGM chief executive Adam Greenblatt on Tuesday criticized the Commodity Futures Trading Commission’s latest efforts to exclude casino-style products from its regulatory scope.
Greenblatt characterized the changes as cosmetic measures aimed at survival, arguing that they have not eliminated the risks surrounding prediction markets.
He also predicted that the U.S. Supreme Court would ultimately side with states in the dispute over regulatory authority. His remarks reflect an expectation about the outcome, rather than a court decision.
Source: Bitcoin.com News
