AGA seeks to join CFTC-Wisconsin lawsuit over sports event contracts
The American Gaming Association filed a motion to intervene as a defendant in the CFTC’s federal lawsuit against Wisconsin over sports event contracts. The association argues that the CFTC’s claim to regulatory authority threatens its members’ interests and says event contracts constitute illegal gambling; the court has yet to rule on the motion.
The court’s decision could affect whether sports event contracts fall under federal oversight or state gambling regulation.