Masterclass on the Legal Side of Prediction Markets with Samir Patel

Technology attorney Samir Patel joined an episode of the Law of Code podcast to discuss how prediction markets work and why regulators are actively debating who has authority to oversee them. Mr. Patel breaks down the legal and structural differences between prediction markets and traditional sports wagering, including how binary contracts are designed. He also examines the ongoing jurisdictional tension between the Commodity Futures Trading Commission (CFTC) and state gaming regulators, explaining how concepts such as self-certification, swaps and federal preemption are shaping current litigation and what the outcome could mean for crypto, decentralized finance (DeFi) governance and the broader regulatory landscape.

Duration: 27:56