Crypto.com seeks Supreme Court ruling on federal authority over sports contracts
By SectorWire desk ·
Summary
Crypto.com has asked the US Supreme Court to establish that federal law overrides state gambling rules for sports contracts. Partner Robinhood has urged the justices to pause the case. The requests follow conflicting prediction market decisions in the Third and Ninth Circuits.
Why it matters
Conflicting circuit decisions leave disputed whether federal law overrides state gambling rules for sports contracts.