Law’s Eric Chaffee explains why proxy betting can violate state gambling laws
Sports betting is everywhere now—here are the rules bettors might not realize they’re breaking
CNBC: Eric Chaffee, the John C. Hutchins Professor of Law, said proxy betting is prohibited because it can circumvent state gambling laws, potentially resulting in suspended accounts and forfeited winnings. He also emphasized that betting legality depends on a bettor’s physical location and that prediction markets operate under a different legal framework.
