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Missouri attorney general orders six prediction markets to halt sports contracts
By SectorWire desk · · Updated
Summary
Missouri Attorney General Catherine Hanaway's office issued six cease-and-desist letters during the week. Hanaway argues that sports event contracts constitute unlicensed sports betting under state law and expects a court challenge.
Why it matters
Six cease-and-desist letters signal Missouri’s enforcement position that sports event contracts constitute unlicensed sports betting, with a court challenge expected.