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Betr prepares prediction market platform as NFA application remains pending

Regulation

Betr is preparing to launch Betr Predictions, according to a report that said the company had not publicly confirmed its plans. The platform’s application to the National Futures Association to become an introducing broker and swap firm was pending; the report said CEO Joey Levy was listed as its chief executive.

Betr’s proposed prediction-market launch depends on a pending application, and the company has not publicly confirmed its plans.

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Deals & M&A

PENN CEO says prediction markets’ legal status remains unclear

PENN Entertainment chief executive Jay Snowden said on the company’s Q4 2025 earnings call that prediction markets could affect sportsbook handle, but PENN cannot quantify the impact. He argued that their legal status remains unclear and said licensed casino operators cannot risk their land-based licences by entering the market. PENN is discussing its response with regulators and lawmakers, he said.

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