CFTC Prediction Market Offer Rejected By California Tribes

CFTC Prediction Market Offer Rejected By California Tribes

CNIGA Chairman James Siva rejected a CFTC offer of tribal market access as a divide-and-conquer tactic that changes nothing. The rejection followed a Ninth Circuit ruling one day earlier that found sports-event contracts meet the definition of Class III gaming. Tribal leaders including Siva met CFTC officials Sept. 14 and afterward called on the agency … Read more

Prediction Markets Promised “Free Money.” A California Senator Says That’s Just Gambling.

Prediction Markets Free Money | Polymarket Fake Bets

A Wall Street Journal investigation found Polymarket paid young influencers to fake winning bets. Now Adam Schiff wants the federal regulator to explain why these apps aren’t treated like the casinos they resemble. WASHINGTON — The videos looked like easy money. A young person films a phone screen, taps a few times on what appears … Read more