Prediction market exec says gambling fight could reach Supreme Court by June

Prediction markets are headed for a legal reckoning. The Commodity Futures Trading Commission and state regulators are battling over who gets to police the fast-growing platforms, a conflict that could force the Supreme Court to settle the question before the end of next year, according to Flip Pidot, a prediction market executive with nearly 20 years of experience in the industry. “When you have a high-stakes intergovernmental conflict where a federal regulator like the CFTC is opposed in the

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