Closing the loophole: Prediction markets disguised as financial derivatives
Congresswoman Dina Titus argues that prediction market platforms like Kalshi exploit a regulatory loophole by labeling sports bets as financial derivatives to avoid state-level consumer protections and oversight.
Congresswoman Dina Titus argues that prediction market platforms like Kalshi exploit a regulatory loophole by labeling sports bets as financial derivatives to avoid state-level consumer protections and oversight.
This article was originally published at: https://thehill.com/opinion/finance/5968754-cftc-oversees...