By SectorWire desk · · Updated
Casino executives and the American Gaming Association increased their criticism of prediction markets at G2E in Las Vegas on Tuesday. The report also described mounting scrutiny from courts, Congress and regulators.
Prediction markets face increased casino industry criticism alongside mounting scrutiny from courts, Congress and regulators.
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The case could determine whether prediction markets must meet state gambling requirements when competing with licensed sportsbooks.
Tribal leaders and the AGA are coordinating against prediction markets as a California coalition prepares for possible sports betting changes.
The analysis highlights household financial pressures and children’s gambling exposure, citing increased credit delinquencies among people who began sports betting.
The AGA’s outlook identifies prediction markets as competition for state-regulated sportsbooks and raises concerns about their taxation and oversight.
BetMGM and MGM Resorts’ funding supports gambling research, state councils, the 1-800-GAMBLER helpline and the Evive Foundation.
September marks the 28th Responsible Gaming Education Month, while almost 60% of Americans gambled in some form last year.