5
Key takeaways
-
Polymarket’s federal lawsuit against Massachusetts could determine whether prediction markets are regulated solely by the CFTC or also by states.
-
The dispute centers on whether event contracts qualify as financial derivatives under the Commodity Exchange Act or as gambling under state laws.
-
The lawsuit followed state-level actions against platforms like Kalshi, with Massachusetts and Nevada moving to restrict sports-related prediction contracts.
-
A ruling in favor of Polymarket could…
https://cointelegraph.com/news/polymarket-s-lawsuit-could-decide-who-regulates-us-prediction-markets?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
