Why the feds are fighting with states about prediction market regulation

The gloves are off! The federal government is demanding that states stand down on efforts to regulate and restrict prediction markets. CFTC Chairman Mike Selig has a blunt message for state regulators: "I'll see you in court" if you step on the toes of his agency.But is this jurisdictional turf war actually good for the consumer? And what does it mean for the future of the industry? Two of the sharpest betters and minds, Henry Kerins and Chris Dierkes, dive into the implications on the debut episode of Inside Prediction Markets.📅 New Episodes Drop: Wednesdays What to expect:📈 Market Deep Dives: Breaking down the biggest active markets in politics, tech, and culture.🎙️ Expert Guests: Conversations with top the sharpest market makers.🧠 Strategy Analysis: the unique mechanics that make prediction markets superior to polls and pundits.This content is for informational, educational, and entertainment purposes only and is not financial advice. Please do your own research. The views expressed are not necessarily those of Novig. All investing and prediction market trading involves risk, including the loss of principal.00:36 CFTC vs States: Who Regulates Prediction Markets?02:09 Why the CFTC stance is great for Novig and prediction markets04:20 Consumer Protection & Responsible Gambling: Real Talk05:26 DraftKings Earnings deep dive08:10 Can sportsbooks compete with Prediction Markets?09:39 Prediction Markets enter the Grocery Store game13:55 Prediction Market Trends17:58 The Edge Is Getting Harder: ARBs Dry Up and Sharps Adapt19:17 Vice Documentary Review22:08 Coming up next