diff --git a/domains/internet-finance/cftc-anprm-prophetx-section-4c-framework-codifies-sports-contract-preemption-through-uniform-federal-standards.md b/domains/internet-finance/cftc-anprm-prophetx-section-4c-framework-codifies-sports-contract-preemption-through-uniform-federal-standards.md index 606982656..25ede5764 100644 --- a/domains/internet-finance/cftc-anprm-prophetx-section-4c-framework-codifies-sports-contract-preemption-through-uniform-federal-standards.md +++ b/domains/internet-finance/cftc-anprm-prophetx-section-4c-framework-codifies-sports-contract-preemption-through-uniform-federal-standards.md @@ -31,3 +31,10 @@ ProphetX's Section 4(c) proposal is architecturally more durable than field pree **Source:** Indian Gaming Association ANPRM comments, April 2026 Tribal gaming operators filed ANPRM comments warning that Section 4(c) preemption would eliminate tribal gaming exclusivity under IGRA. IGA Chairman David Bean stated the CFTC classification 'wipes out the foundation of tribal exclusivity.' This adds a politically powerful stakeholder coalition (tribes have federal treaty protections and bipartisan congressional allies) to the preemption opposition beyond state AGs. + + +## Extending Evidence + +**Source:** ProphetX CFTC ANPRM comments, April 2026 + +ProphetX's Section 4(c) proposal is architecturally more durable than field preemption because it creates explicit CFTC permission that directly overrides Rule 40.11's 'shall not list' prohibition, rather than arguing around it. If 9th Circuit rejects preemption, Section 4(c) provides a fallback path that doesn't depend on field preemption doctrine. diff --git a/domains/internet-finance/prediction-market-scotus-cert-likely-by-early-2027-because-three-circuit-litigation-pattern-creates-formal-split-by-summer-2026-and-34-state-amicus-participation-signals-federalism-stakes-justify-review.md b/domains/internet-finance/prediction-market-scotus-cert-likely-by-early-2027-because-three-circuit-litigation-pattern-creates-formal-split-by-summer-2026-and-34-state-amicus-participation-signals-federalism-stakes-justify-review.md index 5f5030252..460782df4 100644 --- a/domains/internet-finance/prediction-market-scotus-cert-likely-by-early-2027-because-three-circuit-litigation-pattern-creates-formal-split-by-summer-2026-and-34-state-amicus-participation-signals-federalism-stakes-justify-review.md +++ b/domains/internet-finance/prediction-market-scotus-cert-likely-by-early-2027-because-three-circuit-litigation-pattern-creates-formal-split-by-summer-2026-and-34-state-amicus-participation-signals-federalism-stakes-justify-review.md @@ -101,3 +101,10 @@ Bloomberg Law reports April 16, 2026 Ninth Circuit oral arguments showed all thr **Source:** casino.org, April 20, 2026; Ninth Circuit oral arguments April 16, 2026 Ninth Circuit oral arguments on April 16, 2026 showed marked skepticism from all three Trump-appointed judges (Nelson, Bade, Lee) toward Kalshi's federal preemption argument. Judge Nelson's direct questioning of CFTC Rule 40.11 ('40.11 says any regulated entity shall not list for trading gaming contracts. It prohibits it from going on. The only way to get around it is if you get permission first.') signals likely ruling for Nevada. Article published April 20 stated ruling expected 'in the coming days' rather than typical 60-120 day window, suggesting imminent circuit split confirmation with Third Circuit. Multiple states (including Arizona) have already filed to delay their own cases pending this ruling, confirming its dispositive significance. + + +## Extending Evidence + +**Source:** ProphetX CFTC ANPRM comments, April 2026 + +ProphetX's Section 4(c) proposal represents a regulatory strategy that could survive a hostile SCOTUS ruling on preemption. If the Court rejects field preemption arguments, Section 4(c) provides an alternative path through explicit CFTC authorization rather than implied preemption.