Crypto.com and Robinhood ask US Supreme Court to review prediction markets
Crypto.com and Robinhood Markets asked the US Supreme Court to clarify whether state gaming regulators can act against event contracts, arguing that the Commodity Exchange Act pre-empts such action. The court has not agreed to take up the issue, while state regulators contend that sports event contracts fall under gambling laws and require licences.
A ruling could clarify whether state gambling regulators can oversee event-contract platforms.