We are about to enter a new era of political gambling

Saturday, September 21, 2024 12:31 PM
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  • Kevin T. Dugan, New York Magazine

In June, Chief Justice John Roberts wrote an opinion that overhauled how a large segment of the federal government operates. The case, Loper Bright Industries v. Raimondo, was one of the more quietly momentous decisions of a historic summer session, overturning the so-called Chevron deference precedent and effectively restraining regulators from interpreting the laws and regulations they are tasked with enforcing. Last week, one of the first major lower-court decisions to come out of Roberts’s ruling dropped, clearing the way for people in the U.S. to gamble on elections for the first time in nearly a century.

The case pitted a New York online betting market against a federal regulator, the Commodity Futures Trading Commission.