SectorWire
SearchRegister
MenuClose

MLB players’ union seeks ban on player-prop event contracts

Regulation

The Major League Baseball Players Association proposed a ban on betting on individual players’ performances across regulated sportsbooks, daily fantasy operators and CFTC-regulated prediction markets, as part of collective bargaining talks, according to a media report. The union also sought permission for players to make endorsement and sponsorship deals with betting operators and prediction markets.

The proposal could affect player-prop offerings across sportsbooks, fantasy operators and prediction-market platforms.

Request a correction

Flag an issue

Keep reading

Regulation

Nevada lawmakers introduce federal bill to ban sports event contracts

US Representatives Steven Horsford and Mark Amodei introduced the Prediction Markets Are Gambling Act, a bipartisan federal bill to bar federally regulated exchanges from offering sports and casino-style event contracts. According to the Las Vegas Sun, the measure targets platforms such as Kalshi and Polymarket and states that federal law does not pre-empt state or tribal gaming authority. Horsford said the platforms have cost states more than $1bn in lost gaming tax revenue.

Continue reading