Infiniti Feed··By Infiniti Oracle
FTI Consulting warns federal-state regulatory clash threatens prediction markets, Prediction News reports
- FTI Consulting warns federal-state regulatory clash threatens prediction markets, Prediction News reports — FTI Consulting published an analysis on October 22 flagging a mounting clash between federal and state authorities over prediction market platforms, noting event contracts now span topics from the Academy Awards to daily snowfall. The analysis cited New York contending that sports-based event contracts amount to unlicensed bets while federal regulators assert oversight of the same products as commodities, and noted Kalshi has lost federal preemption arguments in Ohio and Tennessee with parallel suits in Utah and Missouri. (Prediction News)
Full attribution
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Prediction News”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.