Illinois Prediction Market Ruling Deepens High Court Urgency

Following a district court ruling that creates a split within the Seventh Circuit, Adrian R. King, Jr., spoke with Bloomberg Law about regulation of prediction markets, centered on sports events. The recent ruling deepens a nationwide legal dispute that appears destined for the U.S. Supreme Court.

“Until the Supreme Court rules, and with the CFTC continuing to advance its position, this checkerboard approach of where prediction markets can operate and not operate under the various court decisions, it’s going to be very uneven and that’s not good for anybody,” Adrian said. “And that’s why we’re all patiently waiting for the Supreme Court.”

Adrian co-leads the firm's Gaming Industry Team and State Attorneys General Initiative.

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