The North American Association of State and Provincial Lotteries (NASPL) has urged regulators to classify prediction markets as gambling products subject to the same licensing and oversight as traditional betting.
The NASPL emphasized that failing to regulate prediction markets could have negative implications for consumer protections, public funding, and sports integrity. The association highlighted that technological advancements have facilitated the rise of prediction markets, warranting the need for appropriate oversight and licensing to safeguard stakeholders.
