"This research reinforces why state-and-tribal-regulated sportsbooks are critical, offering strong oversight and consumer protections that prediction markets simply do not match, said Miller."
"shows that prediction markets are confusing consumers by promoting sports betting as an investment rather than entertainment, underscoring concerns about how these products are marketed and their lack of responsible gaming tools."
"The regulator has based its prediction on the explosive rise of prediction markets and the continued growth and strength of the legal, state- and tribal-regulated markets."
"Americans are expected to wager a record $1.76B legally on Super Bowl LX, a testament to the strength of the state- and tribal-regulated sports betting market."
The American Gaming Association projects $1.76 billion will be legally wagered on Super Bowl LX, citing the explosive rise of prediction markets alongside continued growth in state- and tribal-regulated sportsbooks. AGA President Bill Miller stressed that state-and-tribal-regulated sportsbooks provide stronger oversight and consumer protections than prediction markets. The AGA warned that prediction markets can confuse consumers by marketing sports betting as an investment rather than entertainment and by lacking responsible gaming tools. Polymarket, Kalshi, and crypto-based operators are under legal scrutiny in Nevada, which could influence federal oversight and reshape regulatory boundaries.
Read at ReadWrite
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