đš BREAKING NEWS: Everyone wants SCOTUS to take up prediction markets: State of Crypto
A number of parties filed amicus briefs to the Supreme Court of the United States last week, urging it to take up a case on whether sports-based prediction market contracts are swaps, or not. And on Friday, the CFTC put out two proposals (one of which is now in effect) outlining its own thoughts on the matter.
Youâre reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.
Former Senator Chris Dodd, former Commodity Futures Trading Commission (and Securities and Exchange Commission)Chair Gary Gensler, theNational Football League,39 states(and the District of Columbia),145 tribal nationsandvariousotherpartiesfiledamicus briefs to the Supreme Court urging it to take up this case, and with many arguing that sports-based prediction market products aren't swaps and shouldn't be regulated by the CFTC.
Thisnewsletter covered the possibilityofthe Supreme Courtwading into prediction markets a month ago. That calculus hasn't changed; there is now a major circuit court split, with two appellate courts ruling that prediction markets touching sports are actually gambling products that should be regulated by the states, and one appellate court ruling it's a CFTC issue.
đ [Äá»c toĂ n bá» bĂ i viáșżt táșĄi báșŁn gá»c](https://www.coindesk.com/policy/2026/10/11/everyone-wants-scotus-to-take-up-prediction-markets-state-of-crypto)
đ° Nguá»n: đȘ CoinDesk
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A number of parties filed amicus briefs to the Supreme Court of the United States last week, urging it to take up a case on whether sports-based prediction market contracts are swaps, or not. And on Friday, the CFTC put out two proposals (one of which is now in effect) outlining its own thoughts on the matter.
Youâre reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.Click hereto sign up for future editions.
Former Senator Chris Dodd, former Commodity Futures Trading Commission (and Securities and Exchange Commission)Chair Gary Gensler, theNational Football League,39 states(and the District of Columbia),145 tribal nationsandvariousotherpartiesfiledamicus briefs to the Supreme Court urging it to take up this case, and with many arguing that sports-based prediction market products aren't swaps and shouldn't be regulated by the CFTC.
Thisnewsletter covered the possibilityofthe Supreme Courtwading into prediction markets a month ago. That calculus hasn't changed; there is now a major circuit court split, with two appellate courts ruling that prediction markets touching sports are actually gambling products that should be regulated by the states, and one appellate court ruling it's a CFTC issue.
đ [Äá»c toĂ n bá» bĂ i viáșżt táșĄi báșŁn gá»c](https://www.coindesk.com/policy/2026/10/11/everyone-wants-scotus-to-take-up-prediction-markets-state-of-crypto)
đ° Nguá»n: đȘ CoinDesk
$BTC $ETH #BinanceSquare #CryptoNews