Melinda Roth, a law professor at Washington and Lee University School of Law, believes that the CFTC is the appropriate regulatory body for prediction markets.
Melinda Roth, who specializes in business, financial, and sports law, and has authored papers on sports betting, expressed her opinion on the regulation of prediction markets. She previously foresaw Kalshi's expansion from election markets to sports markets. Roth highlighted the potential benefits of the CFTC overseeing prediction markets, emphasizing the importance of proper regulation in this sector.