Adam Schiff Accuses CFTC Chair Mike Selig Of ‘Duplicitous’ Behavior Over Sports Prediction Markets

Sen. Adam Schiff (D-Calif.) on Tuesday accused CFTC Chair Mike Selig of contradictory statements on the contentious issue of sports betting in prediction markets. Schiff Says Prediction Markets Violate State Sovereignty In his Brookings interview with Aaron Klein, Schiff described prediction markets as “pretty indistinguishable” from gaming and sports betting. Schiff argued that these platforms bypass state-level consumer protections and generate no public revenue. “It really seems to violate stRead More