Operators have been asked to identify how they will ensure compliance.
US.- The Massachusetts Gaming Commission (MGC) has informed licensed sports wagering operators that offering sports-related event contracts is prohibited. The regulator sent letters reinforcing its position after several licensees announced plans to enter the prediction market space and has given operators 10 business days to outline in writing how they will ensure compliance with the notice.
The MGC said in the letter: “Please accept this letter as notice that you are prohibited from offering sports-related event contracts in Massachusetts, directly or via an affiliate, related business entity, or other association, or directing patrons to such event contracts being offered in Massachusetts”.
It added: “In the event you offer sports-related event contracts in Massachusetts or direct patrons to such event contracts being offered in Massachusetts, the Commission may take steps up to and including revocation of your licence.
“In addition, to the extent any other regulator takes action against your licence due to your operation in the prediction market space, such action may inform decisions related to your suitability in Massachusetts”.
https://focusgn.com/massachusetts-gaming-commission-issues-letter-to-operators-restricting-sports-prediction-markets