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Arkansas attorney general says sports event contracts require betting licences

Regulation

Arkansas Attorney General Tim Griffin said operators offering sports event contracts are engaging in gambling that requires a sports betting licence. His formal opinion says such activity may violate state law without a licence, but it is not a legislative or regulatory measure; Senator Bryan King requested the opinion.

The opinion sets out a state-level view of licensing requirements for prediction-market operators offering sports contracts.

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New York attorney general warns of prediction-market sports contracts

New York Attorney General Letitia James warned that prediction markets offering sports contracts are not overseen by the New York Gaming Commission and lack protections required of licensed sportsbooks. She said the platforms do not meet state standards for safeguards including age limits, responsible-gambling tools and financial oversight; their operators maintain that the products are federally regulated derivatives.

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