JOURNAL ARTICLE

Sports-Betting Firms See State License Risk in Prediction Market.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Palmeri, Christopher 3 of 3

Abstract

The article discusses the cautious approach of sportsbook operators towards the emerging market of prediction-based betting, amid concerns over regulatory scrutiny and potential risks to their gambling licenses. Major companies like Caesars Entertainment Inc. and MGM Resorts International are monitoring this market but are hesitant to engage due to the regulatory landscape, which is complicated by the rise of exchanges such as Kalshi Inc. and Polymarket. These exchanges allow customers to bet on future events and are currently under debate regarding their regulatory jurisdiction, with state regulators asserting that such contracts fall under state gambling laws. Some operators, like DraftKings and FanDuel, are exploring ways to participate in prediction markets without violating regulations, while others see potential benefits in increased state legalization of online casino games as a response to the challenges posed by prediction markets. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:189041368
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