The rulings concluded that sports-event contracts are likely not swaps and found no clear evidence that Congress intended to preempt state gambling laws. A federal judge in Michigan denied preliminary injunction requests by Polymarket and Robinhood, concluding that the companies were unlikely to succeed in challenging Michigan’s efforts to regulate sports-event contracts under state gambling […] The post Michigan Judge Denies Polymarket and Robinhood Injunctions, Says Sports-Event Contracts Likely Are Not Swaps appeared first on Gambling Insider.
Source: Gambling Insider →