New Jersey asks U.S. Supreme Court to settle prediction market oversight
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New Jersey has asked the U.S. Supreme Court to decide whether states or the federal government have authority to regulate prediction markets, following conflicting rulings by two federal appeals courts over sports-related event contracts. The petition challenges an April decision by the 3rd U.S. Ci…
New Jersey has asked the U.S. Supreme Court to decide whether states or the federal government have authority to regulate prediction markets, following conflicting rulings by two federal appeals courts over sports-related event contracts. The petition challenges an April decision by the 3rd U.S. Circuit Court of Appeals, which found that event contracts are derivatives regulated at the federal level...