The on-going debate on predictive markets on the gambling landscape in this country has become a volatile issue in recent months and one a Nevada congresswoman has expressed concerns to the Commodity Futures Trading Commission (CFTC) in a letter to the agency on Friday.
The CFTC, an independent federal regulatory agency tasked with overseeing the U.S. derivatives markets, will be holding a public roundtable in late March to discuss regulating prediction markets, including sports-related contracts. The commission had requested public input on the matter by last Friday.
Congresswoman Dina Titus (D), who has represented Nevada’s First District since 2013, announced in a tweet Monday afternoon that she sent the letter due to concerns about legalizing prediction markets on sports contracts.
