In an article by The National Law Journal, Boies Schiller Flexner partner Blake Goebel weighs in on the growing split among appellate courts over state efforts to regulate prediction markets.
As a former prosecutor in the U.S. Justice Department’s fraud section, Blake notes that recent rulings are narrowing the focus to federal preemption under the Commodity Exchange Act, raising the stakes for both states and market operators as momentum builds toward an eventual Supreme Court review.