Senator Adam Schiff RAISES CONCERNS About Sports Betting Authority | Full Hearing Review

Описание: This hearing wasn’t really about football wagers. It was about whether federal oversight still has the courage to lead.
During a Senate Agriculture Committee session, Sen. Adam Schiff pressed the nominee for CFTC Chair on a straightforward question: are sports prediction contracts essentially gambling? Instead of clarity, the response was repeated uncertainty, hesitation, and dependence on courts to define even the most obvious scenarios. That hesitation exposes something much larger than a single policy debate.
This confrontation revealed a deeper tension between regulatory responsibility and institutional caution. If agencies charged with protecting economic fairness refuse to define risk, the power shifts to private platforms. And when regulators hesitate, industries expand faster than the laws meant to govern them.
This matters for democracy because trust in oversight is foundational to public confidence. It matters for accountability because regulation must act before damage is done. And it matters for the future because leadership that refuses to lead creates systems that drift without direction.
This is not about sports. This is about power, responsibility, and whether public institutions still believe in their duty to protect the public interest.
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