The Commodity Futures Trading Commission (CFTC) maintains jurisdiction over prediction markets, including those related to sports, despite some states' beliefs to the contrary. Congress has explicitly excluded only a few specific items, such as onions and motion picture box office receipts, from the definition of "commodity." This legislative choice underscores that all other subjects, including sporting events, are within the CFTC's regulatory scope.
CFTC's Jurisdiction Over Sports Prediction Markets Clarified
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