AGA chief criticises CFTC's role in prediction markets
American Gaming Association chief executive Bill Miller criticised the Commodity Futures Trading Commission's role in prediction markets at an industry event in Las Vegas, according to the report. Nevada Gaming Control Board chair Mike Dreitzer said mobile sports wagering in Tennessee had weakened after prediction markets arrived, while acknowledging the AGA had no definitive data on the sector. Miller said the AGA, tribes and state attorneys general were contesting prediction markets in court.
The dispute over federal and state authority could affect how prediction markets and sports wagering are regulated.