CFTC Event Contract Proposal Places Few Limits on Sports Bets

Also, White House nominates a CFPB director; group suing over repealed SEC gag rule tells Supreme Court the case is still ripe

Sponsored by MFA, the trade association for the global alternative asset management industry.

CFTC Chairman Mike Selig’s first rule proposal on event contracts looks every bit as rosy for the upstart industry as many observers expected – or feared. It would clear the way for most types of sports bets on prediction markets while barring controversial wage…