Comment Re:So much for the rule of law (Score 1) 73
No, the judges looked at the laws and determined that the activity is under Federal jurisdiction.
Since you are unhappy the thing to do is get the law changed to exclude prediction markets from the laws regulating futures contracts.
I happen to agree with you by the way. The Commerce Clause was way over extended back in the days of FDR. If there is no physical product crossing the border it should be under the State's jurisdiction. The prediction markets do not want to set up 50 different companies so want to stay under the Federal umbrella for obvious reasons.