Massachusetts Gaming Regulator Swamped With Prediction Market Complaints It Can’t Resolve

The Massachusetts Gaming Commission says it has been inundated with requests to intervene in disputes between state residents and federally regulated prediction markets , despite having no jurisdiction over the platforms. A spokesperson for the regulator told Gambling Insider it responds to these queries by directing consumers to the federal Commodity Futures Trading Commission (CFTC), which oversees the exchanges. The disclosure came as MGC Chair Jordan Maynard warned Congress Wednesday, Nov. 11, that a system where states regulate sports betting while the federal government oversees prediction markets is confusing to consumers.