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Nancy Marshall-Genzer

๐Ÿ‘ค Speaker
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489 total appearances

Appearances Over Time

Podcast Appearances

Marketplace All-in-One
A dispatch from "Katyzuela"

I'm Nancy Marshall-Genzer for Marketplace.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

David, the Commodity Futures Trading Commission has filed a brief in a case involving Crypto.com and the Nevada Gaming Control Board.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

Crypto.com allows users to bet on things like the Super Bowl and even economic indicators.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

The agency says it should regulate prediction markets because they're a type of derivative contract that allows traders to speculate on various outcomes.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

In an op-ed in the Wall Street Journal, the CFTC chairman Michael Selig says Congress gave his agency authority over these contracts and what he calls overzealous state governments are trying to undermine the agency.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

Yeah, that's right.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

And they say that means platforms like Crypto.com and Polymarket should have to follow state laws on gambling.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

Nevada filed a lawsuit against Cauchy yesterday, and it says Cauchy doesn't follow state laws on underage betting.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

Massachusetts has also sued Cauchy, and Utah has joined court briefs against the company.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

Gambling is illegal in Utah.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

Right.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

On its website, Cauchy says it would be hard to deal with a patchwork of different state regulations.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

It wants one federal regulator, the Commodity Futures Trading Commission.

Marketplace All-in-One
For prediction market regulation, it's states versus the feds

But some former CFTC officials say the agency doesn't have the expertise or staff needed to regulate prediction markets.

Marketplace All-in-One
What you need to know about TrumpRx

TrumpRx will initially offer 40 medications from five manufacturers, ranging from inhalers to insulin, fertility, and weight loss medications.

Marketplace All-in-One
What you need to know about TrumpRx

A White House fact sheet says more drugs will be made available in the coming months.

Marketplace All-in-One
What you need to know about TrumpRx

You won't be buying your medications right on TrumpRx.

Marketplace All-in-One
What you need to know about TrumpRx

Instead, it's a hub that points you to participating manufacturers' websites.

Marketplace All-in-One
What you need to know about TrumpRx

TrumpRx offers coupons for some drugs that consumers take to their pharmacies.

Marketplace All-in-One
What you need to know about TrumpRx

You still need a prescription, and you can't use your insurance to shop on TrumpRx.