'Sports event contracts' are unlicensed gambling

'Sports event contracts' are unlicensed gambling

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Curtis, Cortez Masto push CFTC for answers on enforcement of illegal gaming in event contracts - Utah Policy

U.S. Senators John Curtis (R-UT) and Catherine Cortez Masto (D-NV) led four of their Senate colleagues in a letter to Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham reminding the Commission sports betting is regulated by states and tribes, not the CFTC. The Senators underscore that by implicitly allowing some companies to offer sports betting activities as “event contracts,” the CFTC is preventing enforcement of state and…