CFTC chairman criticises states over threats to jail prediction market founders
REGULATIONCommodity Futures Trading Commissioncoinbrief/daily · 1 source
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What happened
CFTC Chairman Michael Selig has accused US states of trying to 'lock up' prediction market founders. He argues that disputes over whether event contracts are gambling should not expose executives to jail time.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Watch for further federal and state statements on whether event contracts fall under gambling law.
Written by AI from the sources, checked against them
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Who reported · 1 outlet
The Block
Who and what is in it
Government agencies