Slotegrator has opened pre-orders for Predictor, a peer-to-peer prediction-market engine for igaming operators. The product is offered to a select group of Slotegrator clients and enables players to trade binary contracts on real-world events, with operators earning a fixed commission, the company said.
Operators can assess a peer-to-peer prediction product that offers commission-based revenue from event contracts.
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Polysights said it raised $1.5 million in a pre-seed SAFE round to expand surveillance tools for prediction markets. The beta-stage company said YZi Labs, Maven11, Varys Capital, Contribution Capital and Edge Ventures backed the financing; its tools are designed to identify wallet clustering, market anomalies and potential insider trading.
ProphetX argued that the CFTC can pre-empt state action against prediction markets by exempting sports event contracts from Section 4(c) of the CEA, according to the report. The company said prediction markets serve a public-interest function.
Ohio's Casino Control Commission has told licensed online sportsbooks to cease providing services to prediction markets trading on sports events, according to a letter dated 20 October. Interim executive director Andromeda Morrison said licensees that support such platforms risk having their suitability reopened, which could lead to suspension or revocation. The OCCC issued cease-and-desist notices to 10 prediction market platforms in early October.
Ohio's Casino Control Commission has told online sportsbooks licensed in the state to stop providing services to prediction markets that trade on sports events, according to a letter dated 20 October from interim executive director Andromeda Morrison. The commission said licensees that do not stop such activity immediately risk having their suitability reopened, and a finding of unsuitability could lead to a licence being suspended or revoked.
It was reported that the OCCC sent 10 cease-and-desist letters last week over allegedly illegal sports event contracts in Ohio. The regulator demanded that recipients stop providing these contracts in the state and confirm compliance in writing by 16 October.
Connecticut's Department of Consumer Protection issued cease-and-desist orders to nine prediction market platforms over sports event contracts offered to residents. The platforms include Polymarket, Coinbase, Crypto.com, Robinhood, ProphetX, Novig, Webull, Gemini and Underdog Predict.