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Spain and eight European countries step up betting and prediction-market oversight

Regulation

Spain and eight other European countries pledged to strengthen oversight of sports betting and prediction markets during the 2026 FIFA World Cup. Spain’s consumer and gambling authorities will focus on operators’ licensing, advertising and player-protection obligations, and the declaration calls for action against platforms operating outside national rules; cross-border cooperation is to continue after the tournament.

The pledge signals closer scrutiny of betting and prediction-market operators during the tournament across nine markets.

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Masto says sports prediction markets are gambling and criticises CFTC directive

Nevada senator Catherine Cortez Masto said sports prediction markets constitute gambling and criticised a CFTC directive on access to federally regulated exchanges. The directive gave exchanges 30 days to comply or explain why they could not, a requirement that the coverage says complicates operators’ responses to state court orders.

Federally regulated exchanges have 30 days to lift restrictions based on traders’ residence within the United States or explain why they cannot, under an order issued last week by the CFTC. The order added compliance difficulties for prediction market operators facing court-ordered access limits in states including Michigan, Nevada and Washington.

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