New Jersey Senators Propose Regulation of Prediction Markets
New Jersey senators introduce a bill to regulate prediction markets and apply taxes of up to 30% on sports-related event contract trades.
Sports Contracts
CFTC Unveils Prediction Market Proposal for Sports Contracts
The U.S. Commodity Futures Trading Commission (CFTC) has unveiled a proposed regulatory framework for prediction markets that would preserve most sports-related event contracts while imposing restrictions on markets deemed vulnerable to manipulation or contrary to the public interest.