CFTC prediction market rulemaking is a ‘feeble attempt’ to shore up losing court battle, Better Markets says

The Commodity Futures Trading Commission’s (CFTC) push to rewrite the rules governing prediction markets is unlikely to rescue sports event contracts from mounting legal challenges and could instead give opponents another avenue to sue the regulator, according to Better Markets policy director and COO Amanda Fischer. Speaking on the Indian Gaming Association’s The New Normal webinar, Fischer argued that CFTC Chairman Michael Selig’s rulemaking drive amounts to an attempt to strengthen the federa