alt Hacker NewsThat claim is coming directly from the CFTC, it is not this user's novel claim.
It seems that overall the CFTC and the NYAG are presenting materially different event time lines, so as an outsider it's a bit unclear what is actually happening.
That claim is coming directly from the CFTC, it is not this user's novel claim.
It seems that overall the CFTC and the NYAG are presenting materially different event time lines, so as an outsider it's a bit unclear what is actually happening.
Easy: the CFTC is not credible.
The online gambling industry put their guy in charge of the CFTC (Michael Selig).
Their main goal is to preempt all state regulation of their gambling platforms. To that end Selig is promoting the novel theory that sports betting is trading of commodities and therefore should be "regulated" solely by his agency.