Luzerne County board member questions prediction-bet referendum
The ballot measure would bar county officials from stock trades or wagers on nonpublic information and require new ethics reporting.
The ballot measure would bar county officials from stock trades or wagers on nonpublic information and require new ethics reporting.
The regulator wants to tell a Manhattan judge why prediction-market contracts may count as swaps, but the accused soldier says it is no neutral bystander.
The venture’s analytics platform completed Milestone 4 and Stage 2, clearing the way for more funding and a planned public rollout later this year.
The company says a state non-enforcement pact for a competitor undercuts the case for forcing it to shut off most Washington markets now.
The agency said bookmaker-style pricing can mislead consumers and hide market depth, and it ordered firms to confirm receipt by Aug. 31.
The prediction-market firm says state gambling law is pre-empted by federal regulation, while the attorney general says the platforms are disguising sports betting as event contracts.
At its first innovation meeting, the agency sketched a three-part rulemaking agenda while industry figures argued over self-certification, consumer safeguards and whether some contracts are too easy to game.
Supervisors also moved to lengthen the county’s lobbying ban and update disclosure rules for Kalshi and Polymarket.
The bank is acting as introducing broker for large event-contract trades, as prediction markets draw more Wall Street attention.
The gathering has been narrowed to crypto and linked to the CFTC’s new advisory committee, despite earlier reports that prediction-market executives would be invited.
The CFTC submissions broaden its push beyond prediction markets, against a backdrop of regulatory uncertainty, market growth and pushback from rivals.
After a poll worker asked about making a small turnout bet, officials rewrote the oath to bar any direct or indirect interest in wagers or prediction markets.