Amanda Fischer challenges CFTC handling of US prediction markets
By SectorWire desk ·
Summary
Amanda Fischer, Better Markets’ chief operating officer and policy director, criticised the CFTC’s approach to prediction markets during an Indian Gaming Association webinar. She argued that sports event contracts breach state and tribal sovereignty and that the CFTC’s proposed rule changes could face legal challenges.
Why it matters
The dispute concerns whether state and tribal gambling laws apply to prediction markets offering sports event contracts.