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Sports Leagues And Player Unions Press CFTC For Prediction Market Safeguards
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Sports Leagues And Player Unions Press CFTC For Prediction Market Safeguards
Major sports leagues and player unions used comments on the Commodity Futures Trading Commission’s prediction market public-interest rulemaking to press for tighter safeguards around sports event contracts. The comment period closed July 27. The filings do not amount to a unified demand to ban all sports contracts from CFTC-regulated prediction markets. Instead, they show sports organizations trying to push pieces of the state sports-betting int…
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