| ▲ | namdnay 2 hours ago | |
> sports gambling in prediction markets, which is explicitly illegal It’s a bit more complicated than that. The CFTC argues that under Dodd-Frank any bet on a future event that can have economic consequences is regulated by the CFTC. It’s a bit silly because this obviously wasn’t the intention of the legislation, and it would also mean anyone betting outside a CFTC regulated exchange is in illegality. But it’s valid enough that The case will probably go to the Supreme Court. | ||
| ▲ | arn3n 39 minutes ago | parent | next [-] | |
It’s actually not more complicated than that: The Commodity Exchanges Act explicitly disallows gaming to be classified as a future or swap. See https://www.cftc.gov/IndustryOversight/ContractsProducts/ind... | ||
| ▲ | xbar an hour ago | parent | prev | next [-] | |
It is an argument that is baldly non-nonsensical, but the Justice Department is not going to complain. | ||
| ▲ | miltonlost an hour ago | parent | prev [-] | |
It's only a valid argument to this invalid Supreme Court filled with bribed judges, rapists, and racists. | ||