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Cheryl Coward on Muck Rack

Cheryl Coward

As seen in: Journal of Accountancy, Gaming Today, Lineups, The Florida Star, PlayMA, VCP Hoops, Play CA, NC Sharp
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Articles

CFTC Definition Of Swaps Would Keep Sports On Prediction Markets

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By Cheryl Coward
| Gaming Today Verified
The Commodity Futures Trading Commission has sent two rulemaking proposals to the White House that could affect federal oversight of prediction markets and sports event contracts. The CFTC filed the measures with the White House Office of Information and Regulatory Affairs on Sept. 28. One filing, “Further Definition of ‘Swap’ to Include Event Contracts,” is a proposed rule that would define event contracts as swaps.
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Fanatics Could Spend Up To $1 Billion On Ads To Chase Sports Betting Leaders

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By Cheryl Coward
| Gaming Today Verified
Fanatics CEO Michael Rubin plans to significantly increase spending on the company’s betting and gaming business as he looks to turn the sports merchandise and collectibles powerhouse into the largest U.S. sports betting operator. Unlike its top competitors, FanDuel and DraftKings, Fanatics has the advantage of a large, profitable business outside gambling that can help fund its expansion.
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Sixth Circuit Ruling Could Make Kalshi Pull Sports Predictions From More States

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By Cheryl Coward
| Gaming Today Verified
Kalshi suffered another setback in its legal fight with state gambling regulators after a federal appeals court ruled that Ohio and Tennessee can enforce their sports betting laws against the prediction market operator. A unanimous three-judge panel of the U.S. Court of Appeals for the Sixth Circuit rejected Kalshi’s argument that its sports event contracts are federally regulated financial products that only the Commodity Futures Trading Commission can oversee.
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