SectorWire
SearchGet the daily briefing
Menu

Massachusetts Gaming Commission chair raises concerns over underage prediction-market access

Regulation

Massachusetts Gaming Commission chair Jordan Maynard said prediction-market platforms may allow users under 21 to trade event contracts. Maynard raised concerns about age verification and the lack of responsible-gambling tools, while operators maintain that their CFTC-regulated products are trading rather than gambling.

The concerns put age controls and harm-prevention measures for prediction-market platforms under scrutiny in Massachusetts.

Request a correction

Keep reading

Regulation

Massachusetts gaming commission schedules Fanatics hearing over 132 betting-account notices

The Massachusetts Gaming Commission is due to hear why Fanatics Betting and Gaming did not notify 132 patrons when it limited their wagering, reportedly. The alleged failures occurred between 29 July and 7 September, after a rule took effect requiring personalised explanations within 48 hours. The commission is also to hear about alleged proxy betting involving Bill Simmons and FanDuel; the investigation remains ongoing.

Continue reading