If Wickard v Filburn is still good law, I don’t understand how the betting market is anything but interstate commerce. Futures trading is betting, especially where they’re settled in cash.
States have been individually regulating gambling within their borders since they were English colonies. No one interpreted it as interstate commerce until PASPA in 1992, which was gutted by Murphy.
States have been individually regulating gambling within their borders since they were English colonies. No one interpreted it as interstate commerce until PASPA in 1992, which was gutted by Murphy.