Lottery groups push to treat prediction markets like gambling
By Dan Whitaker, Casino News Editor
Lottery associations are calling for prediction markets that offer gaming-style event contracts to be treated as gambling. According to SBC Americas, two prominent lottery trade groups say legislators and regulators should step in as these contracts grow in popularity.
In a public statement issued Tuesday, the associations urged that event contract platforms be required to obtain licenses and meet the same kinds of requirements imposed on regulated gaming operators. The move reflects broader concern from lotteries around the world about how these products should be categorized and overseen.
Player angle: If prediction markets are regulated like gambling, it could change which platforms are allowed to operate, what protections apply, and how these products are presented alongside traditional betting and casino play. The details live in our real money casinos guide.
Reported by SBC Americas.