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Gibraltar plans standalone prediction markets regulatory framework

Regulation

Gibraltar is developing a separate regulatory framework for prediction markets, with oversight assigned to a dedicated authority, according to the report. ADI Predictstreet holds a licence under an existing betting intermediary framework, while Wire Markets has approval in principle; both are expected to move to the new licence after legislation is introduced.

The proposed regime could set distinct licensing and compliance requirements for prediction-market businesses in Gibraltar.

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Regulation

US election leaves prediction market legal disputes before courts

The US mid-term election brought Democrats control of the House and Senate, while state regulators and prediction-market operators continue to dispute the legality of sports event contracts. New Jersey Attorney General Jennifer Davenport asked the Supreme Court in September to review whether federal law prevents states from regulating those contracts; a law professor quoted in the report said he expects the court to hear the challenge.

New Jersey Atty. Gen. Jennifer Davenport petitioned the Supreme Court in September to consider whether states may regulate sports offerings on prediction markets. Democrats took control of both the House and the Senate in the mid-term election.

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