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In this episode of the SERMAPod, Virginia Pederson speaks with internationally recognized gambling-law expert Professor I. Nelson Rose about the growing controversy surrounding sports prediction markets. They discuss the NFL’s efforts to restrict trading on manipulable events, concerns involving insider information and individual player actions, the role of the Commodity Futures Trading Commission, and whether platforms such as Kalshi and Polymarket are using federal commodities law to bypass state gambling regulations.

Professor Rose also shares his prediction for the future of these platforms and explains why the debate extends far beyond sports.

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