Maryland regulator warns sportsbooks prediction markets could cost licences
Maryland’s Lottery and Gaming Control Agency warned licensed sportsbooks that involvement in prediction markets could jeopardise their state licences. It also issued a second cease-and-desist notice to VGW subsidiaries Lucky Land Slots and Chumba Casino, alleging they offered illegal online gaming without Maryland licences; the brands have 10 days to respond. The state said unlicensed sports-event contracts constitute unlawful sports wagering.
The warning could affect operators’ Maryland licences if they offer or participate in prediction markets.