Everyone wants SCOTUS to take up prediction markets: State of Crypto

A number of parties filed amicus briefs to the Supreme Court of the United States last week, urging it to take up a case on whether sports-based prediction market contracts are swaps, or not. And on Friday, the CFTC put out two proposals (one of which is now in effect) outlining its own thoughts on the matter. Former Senator Chris Dodd , former Commodity Futures Trading Commission (and Securities and Exchange Commission) Chair Gary Gensler , the National Football League , 39 states (and the District of Columbia), 145 tribal nations and various other parties filed amicus briefs to the…