SectorWire
SearchGet the daily briefing
Menu

MLS asks sportsbooks to remove yellow and red card betting markets

Regulation

Major League Soccer has asked sportsbooks to withdraw markets on yellow and red cards after an investigation into former Columbus Crew players Derrick Jones and Yaw Yeboah, according to a media report. The investigation found no evidence that they influenced a match outcome, but said they shared confidential information with bettors about intending to provoke yellow cards.

The request may lead sportsbooks to review or remove player-card markets covered by the league’s integrity concerns.

Connections

Request a correction

Keep reading

Regulation

CFTC gives prediction markets 30 days to address state access blocks

The CFTC issued guidance saying state-based geographic restrictions generally conflict with impartial-access requirements for designated contract markets in the United States. It gave exchanges 30 days to remove conflicting blocks or explain to the Division of Market Oversight, with supporting evidence, why compliance is not feasible. The same framework applies to intermediaries and other entities providing market access.

The CFTC said state-based geographic restrictions on prediction markets are generally inconsistent with its impartial access rules, and gave operators and exchanges 30 days to lift them or explain why they cannot. The agency issued the guidance on Thursday as a formal interpretation of its impartial access requirements for designated contract markets. It said location alone should not be used to deny access to eligible participants within the United States.

Continue reading