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Smarkets targets U.S. prediction markets and state sportsbook licenses

The UK-based exchange is pursuing entry in the U.S. while seeking approval to operate as a sportsbook in states, as federal rules remain uncertain.

Reported · Written up by our desk · Sectors

CNBC Markets reports that Smarkets, a UK exchange, is moving into the U.S. prediction market race, aiming to expand its betting offerings in the American market.

According to CNBC Markets, the company is also applying to run as a sportsbook within states, a plan that would put it in both prediction wagering and traditional sports betting.

The outlet said the effort is happening amid regulatory uncertainty at the federal level, which could affect how quickly and broadly the exchange is able to operate.

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