From Sports Betting to Clinical Trials: Is the CFTC Ready to Police Event Contracts?

Also, sources say Senate aide and ex-CFTC commissioner are Democrats' top choices for SEC

Much of the debate over event contracts has centered on whether the CFTC has the legal authority to regulate sports betting. But as Chairman Mike Selig moves to set rules for the fast-growing market, a more practical question is rising to the fore: Is the small, perennially underfunded agency up to the task of policing the vast new turf it has claimed?

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