The American Gaming Association on Wednesday reported that new research indicates there is a strong sentiment that sports events contracts offered through prediction markets — online platforms where users wager on the outcomes of future events — should be regulated in the same way as other forms of legal, state-regulated sports betting.
An online survey, conducted by YouGov on behalf of the AGA, revealed that Americans overwhelmingly recognize sports events contracts as gambling, not financial instruments.
“This research has made it clear: Americans know a sports bet when they see one — and they expect prediction markets offering sports event contracts to be held to the same rules and consumer safeguards as every other state-regulated sportsbook,” AGA President and CEO Bill Miller said in a statement.
