The court ruled that sports-event contracts are unlikely to constitute swaps and rejected CFTC’s federal preemption arguments. A federal judge in Wisconsin has denied the Commodity Futures Trading Commission’s (CFTC) request to block the state from enforcing its gambling laws against prediction market operators. The court rejected the regulator’s argument that federal commodities law preempts […] The post Federal Judge Denies CFTC Bid to Block Wisconsin Prediction Market Enforcement appeared first on Gambling Insider.
Source: Gambling Insider →