Report Claims Gaming Industry Lobbying for Ban on Sports Event Contract Trading in Federal Cryptocurrency Regulation Bill
[ad_1] Semafor reports that a coalition including commercial and tribal gaming interests has sent a letter to Congress urging members to include sports trading restrictions A group including the American Gaming Association, the Indian Gaming Association, and labor unions is applying pressure to members of Congress to add language barring prediction markets from offering contracts […]
Polymarket Files Federal Lawsuit Against Massachusetts, Questioning State’s Ability To Regulate Event Contracts
[ad_1] The crypto-based prediction market Polymarket is going to battle against the state of Massachusetts. Polymarket’s chief legal officer, Neal Kumar, says the firm has filed a federal lawsuit against the state, highlighting jurisdictional questions about event contracts. “Congress gave the CFTC, not states, exclusive authority over event contracts. These are national markets with critical […]