Better Markets urges courts to let states regulate prediction markets, not CFTC

A financial reform advocacy group is urging courts to keep oversight of gambling-style online markets at the state level, arguing that a federal commodities regulator lacks both the authority and capacity to manage them. Better Markets made its case in an amicus brief supporting Massachusetts in a growing legal dispute over prediction markets, platforms where users trade contracts based on real-world outcomes. Prediction markets framed as gambling According to Better Markets, these platforms ope