Finance
· 2 articles
Minor
Follow-up to CFTC tells prediction markets to serve every state
Judge rules Novig sports contracts are not swaps
A New York federal judge ruled that Novig's sports contracts are not swaps, so the state can apply its gambling laws. Separately, the CFTC has said prediction markets must serve every state. Judge Colleen McMahon denied Novig's bid to block New York regulators. Gaming lawyer Daniel Wallach counts 10 such rulings in that federal circuit, all favoring the states.
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Judge: Novig's sports contracts are not swaps
The whole story · updated
TB
The Block
· 4d ago
New York federal judge denies Novig’s injunction bid, rules its sports event contracts are not swaps
CN
CNBC
· 4d ago
Millions of dollars poured into prediction markets on election night, betting on Democratic control of Congress and Texas governor's race