Crypto.com, Robinhood ask Supreme Court to settle federal-state fight over sports event contracts
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Crypto.com and Robinhood have asked the U.S. Supreme Court to clarify whether the Commodity Futures Trading Commission has exclusive authority over sports prediction markets, escalating a dispute that has produced conflicting federal appeals court rulings and state enforcement actions. The petition…
Crypto.com and Robinhood have asked the U.S. Supreme Court to clarify whether the Commodity Futures Trading Commission has exclusive authority over sports prediction markets, escalating a dispute that has produced conflicting federal appeals court rulings and state enforcement actions. The petitions follow a Ninth Circuit ruling involving Nevada that found sports event contracts are not swaps under...