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Political Election Betting More Than a Legal Concern

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This week (Sept 11, 2024) U.S. news outlets reported that a federal judge in Washington had struck down a decision by the Commodity Futures Trading Commission (CFTC) to prohibit a company from offering actionable betting odds on the U.S. presidential election and other congressional elections. This company, which we will keep nameless, offers a type of derivative known as an “event…

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