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Prediction market litigation heads toward the Supreme Court as circuits split over whether sports event contracts are swaps, Foley & Lardner reports
- Prediction market litigation heads toward the Supreme Court as circuits split over whether sports event contracts are swaps, Foley & Lardner reports — Foley & Lardner reports the Third Circuit has held sports event contracts likely qualify as swaps under the Commodity Exchange Act, while the Ninth Circuit and, on September 25, the Sixth Circuit reached the opposite conclusion, and multiple parties have now petitioned the U.S. Supreme Court to resolve the split. The firm has launched a Prediction Markets Litigation Tracker covering the federal cases, state enforcement actions and appellate proceedings. (Foley & Lardner)
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