PredictIt executive forecasts possible Supreme Court review of prediction market regulation
By SectorWire desk ·
Summary
PredictIt chief strategy officer Flip Pidot said the US Supreme Court could consider the prediction market jurisdiction dispute by June next year. He based that assessment on potentially conflicting appeals court rulings as the CFTC and state authorities dispute oversight of event contracts.
Why it matters
Potentially conflicting appeals rulings could bring the CFTC-state dispute over event contract oversight before the Supreme Court, according to Pidot.