This week John Pappas makes his long-awaited debut on the World Series of Politics, joining Brandt Iden and Brendan Bussmann to talk futures contracts, some of regulated igaming’s more surprising opponents and legislative progress in the current session.
First up, the trio tackle the call for submissions sounded by the Commodities Futures Trading Commission (CFTC) ahead of its roundtable on predictions markets, scheduled for late April.
The submissions revealed the battle lines; on the opposing side sit the Indian Gaming Association and American Gaming Association. On the pro side, the Campaign for Fairer Gambling? Yes, the body looking to significantly ratchet up restrictions on regulated operators has come out in support of futures contracts.
In John’s eyes there’s a whiff of hypocrisy around this stance, especially since these products feel remarkably similar to sports betting? After all, if it looks like a duck, walks like a duck and quacks like a duck, isn’t it… a duck?
NAAiG-ing concerns
Brendan points out some additional hypocrisy in the opposition to igaming regulation, too. After all, several of the members of the National Association Against iGaming (NAAiG) are active in online gambling, yet still oppose it?
It doesn’t work that way, the guys point out. You can’t only support igaming when your business directly benefits, while opposing it when it doesn’t serve business interests.
Who had Hawaii on their bingo card?
And we’re still in the depths of the legislative session, so there’s time for a whistlestop tour of the latest developments across the states. And who had Hawaii as this session’s best bet?
All this and more on the latest episode of the World Series of Politics!
Original article: https://igamingbusiness.com/legal-compliance/regulation/world-series-of-politics-ep44/
