Dillon Borgida will build a white-glove service for advanced traders as the exchange pushes further into institutional business.
The trade group says sports event contracts are draining tax revenue and testing state gambling rules.
Senators say simulated trades, fake websites and paid creators may have been used to push prediction markets to U.S. users.
The state wants more time as prediction markets swell and other courts weigh the same legal question.
The tournament has driven record trading even as states and regulators intensify the fight over prediction markets.
The affiliate is adding a U.S. market lead and a second specialist as it builds out coverage in sports betting, DFS and prediction markets.
Lawmakers sent the package to Gov. Josh Stein with a gambling-loss deduction, new university revenue rules and a tax aimed at CFTC-licensed platforms.
Analysts estimated $2.9 billion wagered on U.S. sportsbooks, alongside $2.5 billion-plus in U.S. prediction-market trading, as the tournament’s match-by-match dynamics come into focus.
The union’s bargaining proposal would bar wagers tied to individual performances before or during games and asks for clearer limits on players’ endorsements with legal betting operators.
The company sought a temporary restraining order and preliminary injunction, arguing Illinois’s licensing, tax and geolocation rules conflict with the CFTC’s federal authority over event contracts.
| Featured US Casinos | ||
|---|---|---|
| BetMGM | Up to 1,000 Bonus Spins | Visit » |
| DraftKings Casino | Exclusive Casino Games | Visit » |
| Golden Nugget Casino | 1,500+ Casino Games | Visit » |
| BetRivers | $500 Play It Again | Visit » |