Prediction Markets Regulation Q&A By Stephen Crystal How could a Massachusetts ruling narrowing the CEA’s definition of “swap” undermine federal preemption and expose prediction markets to state gambling laws? Federal preemption under the CEA depends on sports-event contracts qualifying as regulated “swaps.” If courts rule sports-event contracts fall outside the swap definition, state gambling law … Continue reading Prediction Markets Regulation Q&A – Federal vs State Law, CFTC Oversight, and Sports Betting Risks