CFTC gets temporary restraining order against Arizona on Prediction Markets
The CFTC earlier this month sought an injunction barring Arizona from attempting to preempt federal law regarding Prediction Markets.
The CFTC earlier this month sought an injunction barring Arizona from attempting to preempt federal law regarding Prediction Markets.
The struggle among the various levels of financial regulation and lawmakers in the US is heating up on Prediction Markets.
The Prediction Markets Are Gambling Act would prohibit listing a contract that closely resembles a sports bet or a casino-style game.
The MOU establishes a framework for the CFTC and MLB to protect the integrity of professional baseball and the relating Prediction Markets.
The notice covers issues such as the types of event contracts (e.g. sports) that may be prohibited as contrary to the public interest.
Prediction Markets companies, and CFTC’s dominion over the space, have come under intense pressure by various US state gaming regulators.