alt Hacker NewsDumb point, but you said SEC. But they don't have authority over commodities, and aren't the rules different for them anyway?
Other than that, I think a lot of what you said was interesting.
Dumb point, but you said SEC. But they don't have authority over commodities, and aren't the rules different for them anyway?
Other than that, I think a lot of what you said was interesting.
You are correct: the CFTC has primary authority over commodities and futures. I'm glad you pointed this out because in looking up who it was I learned that the cFTC (not the SEC) has regulatory authority over prediction markets too. That was new information.
This made me curious: who regulates sports betting? And the answer seems to be... nobody. Well, the states. I guess I should've known that because I know some states ban sports betting.
But that's interesting compared to prediction marekts. Since they're federally regulated, states don't have as much control. And I see that the current CFTC commissioner is suing states to block prediction markets. And prediction markets can and do allow sports betting.
Another "win" for dual sovereignty.