BetMGM CEO Calls CFTC Casino Moves ‘Cosmetics’, Expects States to Win
BetMGM CEO Adam Greenblatt said on Tuesday that the CFTC’s latest moves to keep casino-style products out of its remit have not removed the risk from prediction markets, calling what is happening “cosmetics in pursuit of survival.” He expects the Supreme Court to side with the states. A Rule That Can Be Undone On […]
BetMGM CEO Adam Greenblatt dismissed the CFTC's latest efforts to keep casino-style products outside its regulatory remit as "cosmetics in pursuit of survival," arguing the moves do not eliminate risk from prediction markets. He expects the Supreme Court to ultimately side with states on the jurisdictional question. The comments are an executive opinion on a regulatory turf battle rather than a market-moving event, with no direct implications for crypto prices or specific tokens.
