A state regulator just issued an order requiring prediction platforms to cease offering sports betting contracts to its residents. But here's the thing—there's a real conflict brewing. The state claims these platforms operate without proper licenses, yet they're already under federal regulation by the CFTC. This jurisdictional mess needs to be sorted out. You've got two levels of government with different takes on what's legal, and that's exactly the kind of situation that demands serious discussion between all parties involved.
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GasWaster
· 17h ago
NGL, this is a classic case of the left hand hitting the right hand. The state government and the federal government are playing against each other, with the prediction platform caught in the middle watching the show.
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PumpDetector
· 01-12 13:04
lol classic regulatory theater... state vs feds playing chess with retail money. seen this movie before, doesn't end well for anyone actually trying to trade legit. jurisdictional soup tastes the same every cycle tbh
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LiquidatedDreams
· 01-12 13:03
Things are getting lively now. State regulators and the federal CFTC are fighting each other, and the platforms have become a sandwich haha
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FlashLoanLarry
· 01-12 13:02
lmao the classic fed vs state turf war... watch the basis points evaporate once lawyers get involved ngl
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SchrodingerPrivateKey
· 01-12 13:00
Here we go again, with federal and state governments fighting each other. In the end, it's us users who suffer.
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NeverPresent
· 01-12 12:59
Another story of tug-of-war, the federation manages one set and the states manage another, how are we supposed to get through this life?
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OnchainUndercover
· 01-12 12:42
States and the federal government are about to clash again; this script is all too familiar.
A state regulator just issued an order requiring prediction platforms to cease offering sports betting contracts to its residents. But here's the thing—there's a real conflict brewing. The state claims these platforms operate without proper licenses, yet they're already under federal regulation by the CFTC. This jurisdictional mess needs to be sorted out. You've got two levels of government with different takes on what's legal, and that's exactly the kind of situation that demands serious discussion between all parties involved.