By The Weekly Edge desk ·
The CFTC released an interim rule on Friday aimed at distinguishing sports event contracts from traditional sports betting, reported by SBC Americas. The outlet linked the rule to appellate cases involving sportsbooks.
The rule concerns the regulatory distinction between sports event contracts and traditional sports betting.
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The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
The appointment expands Dechert’s capacity to advise clients on prediction markets and CFTC regulation.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The outcome could determine whether prediction market operators can continue serving the US market under federal or state rules.
The suit contests state authority over Underdog’s prediction market and follows a ruling against Kalshi.