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News
44 states are aligned on one thing in their fight against prediction markets. It's about sports wagering
1+ mon, 2+ week ago (550+ words) A coalition of 44 state attorneys general wrote in a letter to the Commodity Futures Trading Commission on Monday that the agency doesn't have the power to regulate sports-related event contracts on prediction market platforms. The letter was sent as the…...
As prediction markets boom, questions arise over who will be the watchdog
1+ mon, 3+ week ago (1314+ words) The Commodity Futures Trading Commission has been the lead regulator on event contract exchanges for over 30 years after it issued a 1992 ruling on the Iowa Electronic Markets, widely recognized as the first prediction market. Now, as prediction markets are booming,…...
Arizona Supreme Court denies prosecutor appeal against sending fake elector case back to grand jury
3+ mon, 1+ week ago (505+ words) The Arizona Supreme Court has denied a prosecutor's appeal of an order that the state's fake elector case against President Donald Trump's former chief of staff Mark Meadows, former New York City Mayor Rudy Giuliani and others over the 2020 presidential…...
Prediction markets are fueling a high-stakes brawl between states and federal regulators
3+ mon, 3+ week ago (843+ words) As prediction markets' volumes grow at a ruthless pace, their businesses are being challenged by states across the country. The federal government is fighting a multifront battle to stop them and assert their regulatory authority. Sixteen states are involved in…...