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Expert Analysis

Contradictory Rulings Show Complexity Of Swaps Regulation

By Jack Murphy, Peter Altman and James Benjamin ( November 20, 2025, 5:22 PM EST) -- Gambling regulation has long been the responsibility of the states in the U.S., as opposed to the federal government. That may change with the rise of federally regulated prediction markets, which have gained popularity in parallel with the explosive growth of state-regulated online sports betting in recent years....

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