August 17, 2026
Jeffrey M. Eilender, Schlam Stone & Dolan’s co-managing partner, was recently quoted in Bloomberg Law about the conflict between the CFTC, on one hand, and state AG’s and private plaintiff class actions, on the other, in regulating the prediction markets on sporting events. The CFTC says its regulations permitting such bets even in states forbidding online gambling preempt state law. But the AG’s and now class action plaintiffs say that the CFTC has overreached, and such sports prediction marketing can be outlawed under the states’ traditional regulation of gambling. Mr. Eilender’s quote is in the attached Bloomberg article.