TD Cowen says Trump’s CFTC prediction markets post unlikely to change legal fight
60-second summary
TD Cowen predicts the future of prediction markets will be decided by the Supreme Court, contradicting Trump's claim that CFTC regulation would settle the matter. States still hold the advantage, according to TD Cowen, implying a continued patchwork of regulations rather than a unified federal framework, affecting the industry's overall structure and growth prospects.
The future of prediction markets will likely be decided by the Supreme Court, while states still appear to hold the advantage, TD Cowen said.