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Democrats prepare to scrutinise CFTC and prediction markets

Regulation

An analysis of US prediction-market policy said Democratic control of Congress from January 2027 could bring more hearings and legislative scrutiny. It noted that a CFTC interim final rule excluding casino-style products from swaps took effect in October, while a proposal covering sports and other event contracts could be finalised after comments close on 18 November.

Operators and suppliers face potential changes to federal contract rules and increased congressional oversight.

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Regulation

NCLGS president urges state lawmakers to prepare for prediction-market lobbying

National Council of Legislators from Gaming States president Shawn Fluharty told tribal leaders that prediction-market companies could lobby state lawmakers if the US Supreme Court rules against their federal case for offering sports contracts. He argued that state licensing and regulation should apply, while conference chairman Victor Rocha criticised North Carolina’s planned 6% tax on net trading-fee revenue, compared with a 23% tax on online sports betting.

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