Research from UCLA, the New York Fed and Kansas finds higher wagering, lower investment and more debt trouble, while the industry points to responsible-gaming tools.
Henry Williams called a CFTC proposal “meritless” as Michigan’s exit from the problem-gambling council fed a fight over who sets the rules.
The optional side bet spans more than 200 games, with four progressive tiers and a Mega pot already above $618,000.
The company’s latest CFTC submissions would take it further into traditional derivatives, after its bitcoin perpetual contract opened the door in late May.
The attorney general says the sites disguise real-money gambling as social gaming and used payment firms to process wagers.
The company says its sports event contracts are federally regulated derivatives, not state gambling, and warns of felony exposure.
The bank says it will arrange large event-contract trades for professional clients, with Susquehanna providing pricing and liquidity.
The voluntary standards cover influencers, digital ads and certification, and members have three months to comply.
The Nevada field trial lets players fund play by tapping a phone or scanning a QR code, but it is capped at $2,000 a day and excludes credit cards.
The companies said the tie-up will keep geolocation, identity and fraud tools in place as FanDuel’s betting and prediction-market businesses expand.