alt Hacker Newsas the article notes, prediction markets are regulated by the CFTC as a commodities futures contract, so I'm not sure how any state law survives a federal pre-emption challenge. On the other hand, it's a little unusual to see a federal agency suing to protect its turf. Would've expected a class action by a Minnesota user of the service to bring the challenge instead.
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kevin_thibedeau • yesterday at 9:20 PM
> it's a little unusual to see a federal agency suing to protect its turf.
This is Don Jr's consulting fee at work.
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thallium205 • yesterday at 9:33 PM
Nevada was able to get it banned. The casino pull is huge.
I'm curious to see how this works out, because sports betting is _not_ in the CFTC's remit, and Kalshi etc's argument that states can't regulate them because they're not technically sports betting is contrary to the spirit of the law