Prediction markets increasingly resemble gambling but operate under far fewer protections. Brad Lipton explains what federal rules leave out and why state gambling laws offer a stronger baseline.
This year, the CFTC has strongly opposed state bans on prediction markets, claiming federal authority under the CEA. Courts are divided on whether these markets are considered swaps and if federal law ...
Online gambling is legal in the United States but its legal status differs from one state to another. Despite these laws being put in place at the federal level, it is the individual states that make ...
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