Ninth Circuit Signals Skepticism on Prediction Markets’ Bid to Bypass State Gambling Laws
Ninth Circuit judges questioned whether prediction markets’ sports event contracts are meaningfully different from sports betting and whether federal law can override state regulation. The United States Court of Appeals for the Ninth Circuit judges expressed s
Ninth Circuit judges questioned whether prediction markets’ sports event contracts are meaningfully different from sports betting and whether federal law can override state regulation. The United States Court of Appeals for the Ninth Circuit judges expressed skepticism that sports-based event contracts differ meaningfully from traditional betting during April 16 oral arguments in a consolidated case […] The post Ninth Circuit Signals Skepticism on Prediction Markets’ Bid to Bypass State Gambling Laws appeared first on Gambling Insider.