According to CoinMeta, former Chairman Ross Bernam, who served for CFTC terms, stated at the Georgetown University Financial Markets Quality Conference that as the predictive market grows, Congress needs to clarify the boundaries between risk management and gambling, and related lawsuits may be brought to the U.S. Supreme Court. He pointed out that after Clarity Act failed to make progress, there are limitations to CFTC's ability to regulate the spot market using existing authorities, and regulatory agencies urgently need to establish more sustainable rules.