Gaming executives warn US prediction markets threaten licensed gambling
Gaming executives raised concerns about prediction markets at the East Coast Gaming Congress in Atlantic City, according to an analyst's account of the event. PCI Gaming CEO Jay Dorris cited $143 million in suspicious transactions, numbering at least 200,000, over two years. Executives also debated competition with licensed gambling and whether event contracts require different oversight.
Operators face debate over competition from prediction markets and the regulatory treatment of event contracts.