Sports prediction markets are sports bets. By effectively requiring prediction markets to offer contracts in all 50 states, even on Tribal lands, the CFTC is once again violating state law and Tribal sovereignty.
Despite ongoing litigation and court orders to cease offering
Derivatives markets must operate on a uniform basis on a national scale in order to achieve the purposes set out in the Commodity Exchange Act. Geographic access restrictions undermine the national uniformity and consistency that the Act is intended to facilitate.
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