Market News / Story
Slew of states urge Supreme Court to take up prediction markets case
Seeking Alpha ·
Seeking Alpha reports: Attorneys general from 38 states and the District of Columbia filed an amicus brief, urging the Supreme Court to confirm states' power over sports gambling rather than cede authority to the Commodity Futures Trading Commission. Last month, the head of New Jersey's attorney general petitioned the U.S.'s highest court for a ruling after an appellate court ruling earlier this year decided that federal law regulating commodity trading took precedence over state gambling…