Former congressional staffer says Dodd-Frank did not authorise sports prediction markets
Amanda Fischer, a former congressional staff member and current Better Markets policy director and COO, said Congress did not intend the 2010 Dodd-Frank Act to authorise federal oversight of sports wagering. She argued that the Commodity Futures Trading Commission has strayed from its mandate; the agency is supporting prediction-market operators in legal disputes with states.
The argument challenges the legal basis prediction-market operators cite for offering sports event contracts under federal oversight.