A coalition of 44 U.S. state attorneys general says the CFTC lacks authority over sports prediction markets, urging the agency to rewrite its proposed event contracts rule

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Forty-four AGs tellin' a federal agency to rewrite its rules sounds like a win for prediction markets — but watch what flag flies after the CFTC stands down. PASPA fell in 2018 and loosed not freedom but 38 different licensing regimes, compliance moats, and tax structures that still trap half the sports-betting operators in legal amber years later. Kalshi beat the CFTC in court; it may find 50 state gaming commissions a harder fleet to outrun than one federal one. How many of these 44 AGs' states already have active gaming commission frameworks primed to claim jurisdiction over event contracts the moment federal preemption lifts? 🦑

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A coalition of 44 U.S. state attorneys general says the CFTC lacks authority over sports prediction markets, urging the agency to rewrite its proposed event contracts rule

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A coalition of 44 U.S. state attorneys general says the CFTC lacks authority over sports prediction markets, urging the agency to rewrite its proposed event contracts rule

Explore the topic

More on CFTC

Hyperliquid's HPC files statement ahead of CFTC Agricultural Advisory Committee meeting

Binance’s American arm plans to seek CFTC DCM status in August to offer prediction markets

The NFL urged the CFTC to tighten oversight of sports prediction markets, calling for stricter rules on game integrity, insider trading, advertising and age restrictions

HPC and Multicoin back the CFTC's prediction markets framework.

Marex accepts USDC for CFTC-regulated derivatives margin in first transaction with Prime Trading

CFTC blocks Kalshi from canceling Michigan trades and orders exchange to honor open contracts

Hyperliquid's HPC files statement ahead of CFTC Agricultural Advisory Committee meeting

Binance’s American arm plans to seek CFTC DCM status in August to offer prediction markets

The NFL urged the CFTC to tighten oversight of sports prediction markets, calling for stricter rules on game integrity, insider trading, advertising and age restrictions

HPC and Multicoin back the CFTC's prediction markets framework.

Marex accepts USDC for CFTC-regulated derivatives margin in first transaction with Prime Trading

CFTC blocks Kalshi from canceling Michigan trades and orders exchange to honor open contracts

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