Sports bets on prediction markets ruled to be "swaps," exempt from state laws

Business

Sports Bets On Prediction Markets Ruled To Be "Swaps," Exempt From State Laws

By arstechnica.com

A federal appeals court ruled that New Jersey cannot regulate sports bets on prediction markets because the US Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction. Kalshi, which is registered with the CFTC as a designated contract ...Read more

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