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via Decrypt · By Decrypt Editorial
Michigan Federal Judge Rules Sports Prediction Markets Are Not Under CFTC Purview
DE
Decrypt Editorial(10:06 PM UTC)
1 min read
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0 commentsIn brief
- A Michigan federal judge ruled sports prediction markets are not CFTC-regulated swaps, siding with state regulators over Polymarket.
- The court denied Polymarket’s bid to block Michigan from restricting its sports event contracts.
- The case is headed to the Sixth Circuit Court of Appeals and could ultimately reach the U.S. Supreme Court.
A federal judge in Michigan issued a forceful…
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