Arizona gaming regulator warns sportsbooks over prediction-market ties
Arizona’s Department of Gaming warned state-licensed sportsbooks that offering or selling event contracts to people in Arizona without a department licence violates state law, according to a letter described in the report. The regulator said relationships with prediction-market businesses and conduct in other jurisdictions could also affect licensees, and that it may deny, suspend or revoke licences.
Sportsbooks must consider whether prediction-market activity outside Arizona could affect their state licences.