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Dave McCormick: “I think the CFTC should be the primary regulatory body and…”

Featuring: Dave McCormick, Republican | U.S. Senate, Pennsylvania

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Senator McCormick Appears on CNBC's "Squawk Box" Live in DC

Published | Video Starts at 07:03

Of course, you know, it's always the case that insider trading is not allowed, but the lines are much more challenging in the, in the area of prediction markets. I think the CFTC should be the primary regulatory body and bring order and framework including sports predictions. Well, sports predictions are complicated. Some sports events should probably not be on CFTC regulated exchanges. Some should be. That's in the courts right now. That's going to be an area that. (07:03–07:12)

CLAIM

Asserts that the CFTC should regulate sports predictions.

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Dave McCormick

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