CFTC Proposals Seek to Draw Line Between Prediction Markets and Gambling
Two CFTC measures seek to distinguish prediction markets from casino gambling ahead of a possible Supreme Court dispute over federal and state authority.
The US Commodity Futures Trading Commission has put forward two measures aimed at distinguishing prediction markets from casino gambling, according to Cointelegraph.
The proposals address the boundary between federal and state jurisdiction, setting the stage for a potential legal contest over regulatory authority.
That dispute could eventually reach the US Supreme Court. The measures are presented as groundwork for a possible court battle, rather than a resolution of the jurisdictional question.
Source: Cointelegraph
