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Tensions over prediction markets dominate Senate hearing
Senators at a Commerce Committee panel hearing aired concerns Wednesday about rapidly growing prediction markets, appearing largely unswayed by industry arguments that they are not a form of betting subject to state regulation. Members of the committee’s Consumer Protection, Technology and Data Privacy Subcommittee were in agreement at a hearing that sports “event contracts” on prediction […]
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nbcnews.com
Prediction market ‘watchdog’ launches six-figure ad campaign ahead of Senate hearing
A Senate committee this week will examine how to “strengthen oversight, protect the credibility of competition.”
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news.harvard.edu
The need for clear regulations for prediction markets — Harvard Gazette
Greater oversight is needed of wager-on-anything prediction markets given the risk of insider trading and worsening of gambling problems.
