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NCLGS president urges state lawmakers to prepare for prediction-market lobbying

Regulation

National Council of Legislators from Gaming States president Shawn Fluharty told tribal leaders that prediction-market companies could lobby state lawmakers if the US Supreme Court rules against their federal case for offering sports contracts. He argued that state licensing and regulation should apply, while conference chairman Victor Rocha criticised North Carolina’s planned 6% tax on net trading-fee revenue, compared with a 23% tax on online sports betting.

The debate could affect state licensing, tax treatment and competition between prediction markets and regulated sports betting.

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Regulation

NCLGS urges states to assert authority over prediction markets

National Council of Legislators from Gaming States president Al Williams called on US lawmakers to address prediction markets, sweepstakes gaming and skill-based slots. The organisation adopted a resolution opposing unlicensed prediction markets and urging member states to review their laws and, where appropriate, assert licensing and regulatory authority over activity within their borders.

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