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States push for limits on prediction markets tied to sports wagering

The letter was filed as part of the commission’s public comment period on a proposed first draft rule for prediction market regulation.

Reported · Written up by our desk · Trade & Tariffs

CNBC reports that 44 states have submitted a letter expressing alignment on how prediction markets should be handled when linked to sports wagering.

The states’ letter is part of a public comment period tied to the commission’s first draft of proposed rules for regulating prediction markets, according to CNBC.

The coverage indicates the states are seeking a specific approach within the draft regulatory framework, with the sports wagering connection a central focus.

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