SectorWire
SearchGet the daily briefing
Menu

New York Gaming Commission warns against unregulated gambling and sports prediction markets

Regulation

The New York State Gaming Commission launched a public information initiative warning consumers against unregulated gambling and prediction markets involving sports outcomes. The commission says the initiative directs New Yorkers towards state-licensed gambling and cautions that unregulated operators lack equivalent consumer safeguards. The campaign follows a state mandate to strengthen protections for young people against illegal betting sites.

The guidance clarifies the commission’s position on unregulated gambling and sports-related prediction markets in New York.

Request a correction

Keep reading

Regulation

New York City design commission postpones Metropolitan Park casino vote

New York City’s Public Design Commission postponed a vote on the design of a public-facing section of the Metropolitan Park casino project on 20 October. The commission unanimously delayed the decision after a public hearing, seeking more information about the site’s environmental conditions.

On Tuesday, October 20, the Public Design Commission of New York City held a public hearing and then put off a decision on how a public-facing portion of the Metropolitan Park casino project should look. Before it votes, the commission is seeking a clearer picture of the site’s environmental conditions. The development’s potential was the central topic at the hearing.

Continue reading