CFTC Makes Its Case Against PredictIt

Since August 2022, when the CFTC revoked PredictIt’s no-action letter, the agency had refused to outline the precise reasons why it suddenly seeks to shut down the site.¬†Until now.

Facing tough questions from the judges on the 5th Circuit Court of Appeals, the CFTC finally laid out its case in a filing to the court.

Casino.com reporter Steve Bittenbender and Pratik analyze the filing, as well as PredictIt’s response.

Editor’s Note: This episode was recorded before the CFTC’s March 23 filing, which will be covered in a future podcast.

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