The U.S. Supreme Court hasn't yet indicated whether it will take up cases surrounding prediction markets, but there are now several amicus briefs, an interim final rule and a rule proposal. A number of parties filed amicus briefs to the Supreme Court of the United States last week, urging it to take up a case on whether sports-based prediction market contracts are swaps, or not. And on Friday, the CFTC put out two proposals (one of which is now in effect) outlining its own thoughts on the…
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