Lawyer says Democratic midterm win would not strengthen states against prediction markets
By SectorWire desk ·
Summary
A lawyer said a Democratic midterm victory would not give states an advantage over prediction markets. The report said congressional intervention efforts had failed to attract sufficient support, while the CFTC and Trump administration backed operators holding permits.
Why it matters
Federal backing for permitted operators and insufficient congressional support underpin a lawyer’s assessment that states would gain no midterm advantage.