CFTC Takes Prediction Market Fight to Three States

The Commodity Futures Trading Commission filed lawsuits against Arizona, Connecticut, and Illinois regarding prediction markets The commission filed lawsuits reaffirming its jurisdiction to regulate event contracts under the Commodity Exchange Act Chairman Michael S. Selig said the commission will continue to safeguard its authority over the markets The Commodity Futures Trading Commission is no longer […]

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US government sues Illinois, alleging unlawful efforts to regulate prediction markets | Illinois

The US government sued Illinois on Thursday to stop what it described as the state’s unlawful efforts to regulate prediction markets. The booming industry of online prediction markets – which allow users to bet on virtually anything from Oscar winners to the weather to ongoing military conflicts – has been facing greater scrutiny as companies […]

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Chicago Avoids Sports Betting Shutdown in the New Year

Chicago issued new “City licenses” to sports betting operators on Wednesday, Dec. 31, avoiding a sports betting shutdown The Sports Betting Alliance will no longer pursue a temporary restraining order against the city The alliance’s lawsuit against the city will continue, however The sports betting show in Chicago will roll on. Chicago avoided a potential […]

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