“prediction markets need a regulatory split, not an all-or-nothing fight”
A former CME board member who helped negotiate the CFMA 2000 argues for bifurcating prediction market regulation: sports and entertainment betting under state gaming laws, while economically valuable markets (politics, weather, economic releases) stay under CFTC oversight. Makes the case that the all-or-nothing regulatory debate misses a win-win compromise.
No technical background needed
Platforms mentioned: Kalshi