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Shareholders Gleeful Over Robinhood's 'Prediction Market' Push, But State AGs Say It's Illegal Gambling

“At the center is a novel jurisdictional conflict around whether contracts predicting sports outcomes are a form or regulated commodity trading under exclusive federal oversight, or are a form of sports wagering that states can outlaw or regulate,” Troutman Pepper Locke wrote in a note to clients.         Click Here To Read The Full Article

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