SectorWire
SearchRegister
MenuClose

Dina Titus asks inspector general to investigate CFTC prediction-market oversight

Regulation

US Representative Dina Titus asked Inspector General Christopher Skinner to investigate the Commodity Futures Trading Commission’s regulatory approach to prediction markets. Titus cited the CFTC’s lawsuits against state governments over sports contract trading and raised concerns about statutory compliance, federal-state-tribal balance and agency resources.

The requested investigation concerns how federal oversight and state enforcement interact over sports prediction-market contracts.

Request a correction

Flag an issue

Keep reading

Regulation

Dina Titus presses US tax committee for 100% gambling loss deduction

Reportedly, US Representative Dina Titus is urging the House tax committee to take up her FAIR BET legislation. The proposal would raise the federal deduction for gambling losses from 90% to 100%, but neither it nor a similar Senate bill has reached a floor vote.

US Representative Dina Titus, a Nevada Democrat, is continuing to press the House Ways and Means Committee to advance her FAIR BET Act, which would restore the federal deduction for gambling losses to 100%, according to a report. Neither the FAIR BET Act nor a similar Senate bill has been put to a floor vote more than a year after their introduction.

Continue reading