VIRLAN
WASHINGTON — The head of the Commodity Futures Trading Commission (CFTC) made it clear Thursday that the agency has no intentions of pumping the brakes on its oversight of prediction markets, even as skeptical lawmakers challenged its regulatory authority and resources. Testifying before the House Agriculture Committee, CFTC representative Michael Selig faced tough questions regarding […]
The US sports betting landscape has transformed significantly since the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA) in May 2018. Fast forward to 2026, and the vast majority of the country has embraced legalized wagering. Currently, sports betting is legally operational in 39 states and Washington, D.C. Within these jurisdictions, 30 […]
The booming prediction market industry has officially caught the attention of one of the financial world’s most influential figures. Former SEC Chair Gary Gensler is sounding the alarm on the accelerating overlap between event-based derivatives and sports betting, warning that a major regulatory reckoning could be on the horizon. While his remarks do not constitute […]