Pennsylvania Bill Would Regulate Prediction Markets Without a Tax
HB 2711 adds age limits, anti-manipulation rules and steep penalties as the state gaming board tells federal regulators the products are illegal sports wagering.
HB 2711 adds age limits, anti-manipulation rules and steep penalties as the state gaming board tells federal regulators the products are illegal sports wagering.
Joe Maloney says the trade group will keep its focus on state-regulated sports betting and iGaming as members make their own choices
The monitor also tracked prediction markets for the first time, while FIFA said it found no suspicious betting activity.
High Stakes has launched on regulated casino apps, with Hard Rock Bet live in New Jersey and Michigan and more titles due soon.
The $50 entry was the product’s biggest payout since its April launch, while a $1 million prize remains unclaimed.
The real-money brand debuts under a Caesars market-access deal as New Jersey posted $271 million in June internet gaming win.
iGaming and sports betting generated 51.3% of regulated gaming revenue as the state’s gambling tax and fee return reached $3.1 billion
Betting topped $917 million, but NBA Finals and World Cup payouts left the state’s hold at about 6.2%.
The supplier’s first American online-casino launch begins with Valley of the Gods in New Jersey and Michigan.
David Z. Bean told a House hearing that CFTC-regulated contracts are bypassing tribal and state rules and draining gaming revenue.