Representatives of nine European gambling authorities issued a joint statement on 18 June warning prediction-market platforms to comply with local regulations. They said authorities would take action against platforms that fail to meet those rules, according to the report.
Prediction-market operators face potential action from gambling authorities if they do not comply with local regulations.
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Osaka Prefecture and the MGM Osaka development team warned that websites are falsely claiming links to the planned resort. They said MGM Osaka has no connection to online casinos and does not promote or operate internet gambling; Osaka police warned that accessing or betting through the platforms in Japan may breach gambling laws.
Cambodian authorities confirmed that they revoked 18 casino licences in efforts to curb online scam operations. Authorities also suspended nine casino licences while further investigations continue.
Australia's financial watchdog has warned that no prediction markets are currently licensed as financial markets in the country. The regulator also warned that such contracts can be manipulated.
Oklahoma tribal gaming leaders have raised concerns that prediction markets threaten tribal sovereignty. They warned that these markets could bypass federal gambling laws while sports betting remains illegal in Oklahoma.
Representatives from 20 Oklahoma tribal nations raised concerns about prediction markets’ reach and their implications for tribal gaming authority. Oklahoma Indian Gaming Association chairman Matthew Morgan argued that the platforms’ products resemble gambling, while the industry maintains that they fall under Commodity Futures Trading Commission oversight rather than state gaming regulators.