By SectorWire desk · · Updated
Dechert announced Carl Kennedy’s appointment on 5 October to oversee its commodities and derivatives work from New York. The law firm linked the appointment to clients’ growing interest in prediction markets and regulatory questions involving the CFTC.
The appointment expands Dechert’s capacity to advise clients on prediction markets and CFTC regulation.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The injunction request contests Tennessee’s application of wagering laws to Underdog’s event-contract exchange.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
Dreitzer’s comments dispute the distinction used to separate sports-event contracts from conventional betting.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The outcome could determine whether prediction market operators can continue serving the US market under federal or state rules.
Kalshi’s proposed rule would allow financial penalties, suspension or account deactivation for users harassing athletes or third parties over trading.