AGA challenges CFTC role in sports prediction markets
The Senate hearing focused on whether sports event contracts should fall under federal derivatives oversight or state gambling laws.
2 min read • May 21 • By
Shaan Khan
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JDB Gaming
SmartSoft
GammaStack
Z-Gaming
Bally’s Intralot
BetConstruct
GR8_TECH
ReferOn
AMATIC Online
1spin4win
GammaSweep
Logifuture
N1 Partners
Global Gaming Awards
Kanggiten
Imagine Live
Galaxsys
OMNIPLAY
DYG
bet365 Partners
The Senate hearing focused on whether sports event contracts should fall under federal derivatives oversight or state gambling laws.
Stephen Martino spoke on a panel with executives from Wynn Resorts and Fontainebleau Las Vegas at the 47th Annual Gaming Conference, also touching on recently heightened AML measures in Nevada.
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The dispute adds another state to the federal regulator’s expanding legal fight over whether event contracts fall under derivatives law or state gambling rules.
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The CFTC has moved to support event contract platforms while state regulators continue to challenge sports-related markets.