CFTC presses case that sports betting is finance, seeks to block Arizona enforcement
By Sam Reynolds••CoinDesk
Federal lawsuit argues event contracts are swaps under U.S. law, not state-level gaming law, deepening a split with states that view the products as illegal gambling
The U. S. government is making its clearest case yet that betting on sports can be regulated as finance, not gambling.
In a filing late Tuesday, the Commodity Futures Trading Commission and Departmen…