The battle between sports betting and prediction markets continues to play out in courts throughout the country. It feels inevitable that, after thousands of lawyers have made enough money to buy a third home, the issue will be resolved by the nine justices of the U.S. Supreme Court.
The fight comes down to the never-ending tug of war over states’ rights. Gambling, as the Supreme Court determined when opening the bet! bet! bet! floodgates in 2018, is a subject for the 50 states to handle without interference from the federal government. Prediction markets, in contrast, are regulated by federal law, allowing those markets to offer what amounts…
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