Law professor argues CFTC should regulate sports prediction markets
Law professor Melinda Roth argued that the Commodity Futures Trading Commission (CFTC) is the appropriate regulator for sports event contracts. She said state gambling rules vary and called for clearer CFTC rules, while state regulators argue they oversee sports betting and that prediction-market operators avoid state taxes.
The dispute concerns whether federal or state authorities regulate sports event contracts and collect related taxes.