US lawmakers ask inspector general to review CFTC prediction-market oversight
Representatives Dina Titus, Rosa DeLauro and Jared Huffman asked the Commodity Futures Trading Commission inspector general to examine the agency’s legal basis, resources and approach to sports event contracts and other prediction-market products. They also sought review of effects on state and tribal gaming regulation, consumer protection and the agency’s litigation strategy.
The requested review could shape federal oversight of sports event contracts and its relationship with state and tribal gaming regulation.