Longtime Nevada representative Dina Titus has become the latest official to reach out to the Commodity Futures Trading Commission (CFTC) regarding tougher enforcement against prediction markets.
Nevada’s Dina Titus is in her seventh two-year term as an elected official in the house of representatives. As such, she has experience with following proper processes and protocols to get things done.
And in a letter sent last Friday (21 February) to Commodity Futures Trading Commission (CFTC) acting chairwoman Caroline D Pham, Representative Titus took issue with prediction market operators offering a form of sports betting without going through all the proper processes and protocols.
“This year, platforms have started to offer contracts on sporting events,” Titus wrote about midway through her two-page letter, a copy of which she posted on social media. She was referring to the likes of Kalshi, Crypto.com, Robinhood and others. The platforms permit users to risk money, in a stock market-..
