Gaming Groups Push Congress to Restrict Sports Event Contracts
The American Gaming Association and the Indian Gaming Association have jointly asked the United States Congress to intervene in the growing use of sports event contracts offered by prediction market platforms, arguing that these products closely mirror regulated sports betting while operating outside established legal safeguards. In a letter sent to members of both chambers of Congress, the organizations called for legislative action to address what they describe as an unchecked expansion enabled by current federal regulatory practices. The letter, […] The post Gaming Groups Push Congress to Restrict Sports Event Contracts appeared first on World Casino News.
The American Gaming Association and the Indian Gaming Association have jointly asked the United States Congress to intervene in the growing use of sports event contracts offered by prediction market platforms, arguing that these products closely mirror regulated sports betting while operating outside established legal safeguards. In a letter sent to members of both chambers of Congress, the organizations called for legislative action to address what they describe as an unchecked expansion enabled by current federal regulatory practices. The letter, […]
The post Gaming Groups Push Congress to Restrict Sports Event Contracts appeared first on World Casino News.
