Wire · regulatory
Fertitta Entertainment counsel doubts Texas will legalize gaming, expects SCOTUS to favor ...
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Fusion42 · 27 July 2026 · Fusion42 review
Fertitta Entertainment's general counsel predicts Texas gaming legalization is unlikely before 2032 and expects the Supreme Court to rule that states—not the CFTC—have final authority over prediction markets and sports wagering, potentially shutting down unregulated operators.
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◆ ◆ The Wire takeaway
If you run a prediction market under CFTC cover, a Supreme Court ruling will hand enforcement back to states—and most will ban you. Start building your exit or pivot to a licensed state model now, because that ruling is coming and the timeline is 18-36 months.
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