Crypto.com Joins Plea for SCOTUS to Clarify Prediction Market Regulation

Crypto.com has become the third party to urge the U.S. Supreme Court to address a circuit split on prediction market regulation.

The Ninth Circuit decision allowed prediction markets to operate, but some argue this creates a regulatory patchwork across different states and industries.

The court's ruling came in response to a challenge from a New York resident who was barred from participating in a fantasy sports contest due to a New York state law that prohibits participation in such contests.

Crypto.com's call to action follows similar petitions from the Digital Chamber of Commerce and the Interactive Gaming Council, highlighting the need for clarity on regulation of prediction markets and online wagering.