The Arizona Department of Gaming (ADG) has warned sports betting and fantasy sports operators this week that offering prediction markets outside of Arizona may jeopardize their licenses.
That warning came in the form of a letter obtained by InGame that was sent to licensed and registered operators on Monday. In the letter, Jackie Johnson, the director of the ADG, wrote, “if the Department believes that an entity related to a licensee is partnered with a company that is selling event contracts in a jurisdiction outside Arizona in violation of the laws of that jurisdiction, that might (depending on circumstances) impact a licensing decision.”
