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0 0 -0.000587371512481736 0.00397356828193835 -0.00146842878120424 0.00528634361233479 0.00290748898678404 0.00117474302496326
Stock impact report

Policy Pro: Prediction Market Playbook Is Nothing New To Financial World [Yahoo! Finance]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Yahoo! Finance
“The agencies tasked with enforcing those laws are too slow, too captured, too hamstrung to enforce the law as it exists,” said Fischer, the head of policy and COO for Better Markets, during a webinar Wednesday. “This has long been the playbook of folks in the financial industry, which is to claim that something is ambiguous, do it, and hope that law enforcement can't catch you. “A lot of these venture-capital backed industries or plunderers did it with crypto, and now that that battle has largely been won when all the lawsuits at the federal level have been dismissed, they're moving into prediction markets, and it's the exact same playbook.” Fischer was a guest on the New Normal webcast titled “Who Regulates the Regulators? The CFTC's Predictable Failure on Prediction Markets,” and she helped give context to how and why sports event contracts have made inroads. The contracts, which are billed as financial tools but look like sports betting products, are available on myriad platf Show less Read more
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