Pennsylvania Official Flags Prediction Markets as Threat to State Betting System
Pennsylvania Gaming Control Board (PGCB) Executive Director Kevin O’Toole has formally alerted the state’s congressional delegation about the growing risks posed by sports betting prediction markets. In a letter dated October 3, O’Toole described these markets as a “significant threat” to the Commonwealth’s gaming industry, emphasizing that their federal classification as financial derivatives could undermine […]
Pennsylvania Gaming Control Board (PGCB) Executive Director Kevin O’Toole has formally alerted the state’s congressional delegation about the growing risks posed by sports betting prediction markets. In a letter dated October 3, O’Toole described these markets as a “significant threat” to the Commonwealth’s gaming industry, emphasizing that their federal classification as financial derivatives could undermine […]
