Calling out Michael Selig and the Commodity Futures Trading Commission (CFTC) has been in vogue over the last few weeks, and last Thursday American Gaming Association (AGA) President and CEO Bill Miller joined the chorus.
On analyst Steve Ruddock’s Straight to the Point podcast, Miller said he likes the gambling industry’s chances in court in the ongoing fight to tame prediction markets. He also said sports event contracts have “no economic consequences,” the Dodd-Frank Act (which amended the Commodity Exchange Act) was not intended as a “back door effort to create a federal department of gambling,” and the current status of the CFTC is “ludicrous.”