Texas Lt. Gov. Dan Patrick Targets Prediction Markets
Texas Lt. Gov. Dan Patrick, a staunch sports betting opponent, has turned his sights on prediction markets.
Prediction Markets
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Execs Debate Blurred Lines Between Prediction Markets and Sportsbooks
A DraftKings executive acknowledged that sportsbooks and trading sports event contracts feel similar for consumers during a Milken Institute panel.
Flutter Q1: FanDuel Leadership Changes Amid Sportsbook Pressure
A leadership shakeup at FanDuel highlighted Flutter’s Q1 earnings as the company attempts to regain sportsbook momentum while investing heavily in prediction markets.
AIBM’s Jonthan Cohen on Prediction Market Responsibility Solutions
In a Gambling Insider Q&A, AIBM sports betting policy lead Jonathan Cohen discusses his advocacy group’s mission, the deterioration of American trust, gambling’s need for better guardrails, and the “gravitational pull of prediction markets.
Brazil Warns Public About Illegal Prediction Markets
Brazil’s PT government has launched a new campaign which has warned the public that “betting will never be an investment or income”.
Coalition for Prediction Markets Addresses CFTC on Swaps Definition
The Coalition for Prediction Markets said the definition of swaps is “certainly broad enough” to include sports in its response to the Commodity Futures Trading Commission.
Ohio Lawmakers Propose Regulation of Prediction Markets
Ohio lawmakers introduce Senate Bill 430 to regulate prediction markets and potentially grant them sports betting licenses.
Sports Leagues Divided on Prediction Markets
Major sports leagues are not aligned on prediction markets, and new filings with the Commodity Futures Trading Commission lay out just how wide that divide has become.
Churchill Downs Inc. Impact on Kentucky Derby Week
With the Kentucky Derby set for Saturday, Churchill Downs has been in the headlines this week. So too, as always, have prediction markets.
DATA.BET Enters Prediction Markets Sector
Cyprus-based DATA.BET has launched Prediction Markets, expanding the betting options for its clients in the growing prediction markets sector.
Gibraltar MP Urges Countries to Stay Ahead in Predictions Sector
Gibraltar focuses on prediction markets and tokenisation in its regulatory strategy to lead in technology. Minister Nigel Feetham stresses the need for countries to act promptly to avoid lagging behind.
CFTC Continues Pursuit Amid Congressional Challenge to Prediction Markets
The CFTC remains resolute in pursuing legal action against states regarding prediction markets, despite facing challenges from Congress.