Nevada: Senator Masto believes sports event contracts are gambling, criticizes Trump family

Democratic Nevada Senator Catherine Cortez Masto said sports prediction markets are obviously gambling, as she took to social media to criticize Commodity Futures Trading Commission Chairman Michael Selig. “Federal courts have ruled repeatedly that states and tribes regulate gambling within their territory,” Masto wrote in a post Monday on X. “But the chairman of the CFTC is encouraging companies to keep offering these bets in violation of court orders.” Last week, the CFTC ordered federally regulated exchanges to stop restricting access based on where traders live within the United States, giving them 30 days to comply or explain why they…