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I am confused. Are bets considered securities? I thought the CFTC and insider dealing laws applied to securities, not betting.
by cm2187 5mo ago
I am confused. Are bets considered securities? I thought the CFTC and insider dealing laws applied to securities, not betting.
- deleted 5mo ago[deleted]
- tsimionescu 5mo agoIf they recognize they are betting companies, they have no right to operate in the majority of the states. So, they found the CFTC willing to pretend that these betting contracts are in fact securities, and that is how they can legally operate.
- rafram 5mo agoCommodities, not securities. The CFTC doesn’t regulate securities.