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39 states clash with CFTC over sports prediction markets as amicus briefs target Supreme Court
- 39 states clash with CFTC over sports prediction markets as amicus briefs target Supreme Court — Amicus briefs filed last week urged the Supreme Court to rule that sports-related prediction markets are gambling products subject to state law rather than federal oversight. Former Sen. Chris Dodd argued Dodd-Frank never intended to give the CFTC authority to override state gambling rules, and former CFTC chair Gary Gensler made a similar argument in a related appeal. (KuCoin)
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