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Massachusetts Gaming Commission seeks comment on racehorse fund benefits

Regulation

Source: Massachusetts Gaming Commission (MA)

The Massachusetts Gaming Commission sought public comment on whether any of the 4% health and pension distribution from the Race Horse Development Fund should go to jockeys and drivers for benefits. Comments were due by 27 November 2024, and the commission expected to discuss and vote on the issue at its 5 December public meeting.

The decision could change how part of the fund supports jockeys’ and drivers’ benefits.

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Massachusetts Gaming Commission reports dozens of prediction-market inquiries

The Massachusetts Gaming Commission has received dozens of consumer inquiries about prediction-market platforms it does not regulate, a commission spokesperson said. The commission directs those consumers to the Commodity Futures Trading Commission, while chair Jordan Maynard told lawmakers that users may confuse such platforms with state-licensed sportsbooks.

A Massachusetts Gaming Commission (MGC) spokesperson said they had personally seen dozens of inquiries about prediction-market platforms outside the regulator’s authority. The MGC tells consumers it does not regulate prediction markets and directs them to the Commodity Futures Trading Commission (CFTC), the spokesperson said.

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