Prize draws in the UK are facing scrutiny ahead of new voluntary industry guidelines, with critics arguing they lack the consumer protections offered by regulated gambling. The voluntary code aims to address these concerns, as prize draws are not officially classified as gambling if they offer a free entry option.
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Recent actions involving sports event contracts and aluminum imports have intensified scrutiny over the Commodity Futures Trading Commission's regulatory remit. The developments under Selig highlight the ongoing complexities surrounding prediction markets and the broader scope of federal financial oversight.
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