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Prediction market litigation is headed toward the Supreme Court as appeals courts split on sports contracts, Foley reports
- Prediction market litigation is headed toward the Supreme Court as appeals courts split on sports contracts, Foley reports — Foley and Lardner reports the Third Circuit treats sports event contracts as swaps under federal law while the Ninth and Sixth Circuits have reached the opposite conclusion, setting up a likely Supreme Court test of whether prediction markets are federally regulated derivatives or state-regulated gambling. (Foley)
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