Maryland’s gambling regulator Thursday became the eighth across the U.S. to send a letter to licensed sports betting operators telling them that offering prediction markets could cost them their licenses.
In a letter addressed to land-based casino and sportsbook operators, digital sports betting operators, and daily fantasy (DFS) operators, the Maryland Lottery and Gaming Control Commission (MLGCC) wrote that it has “determined that a sporting event contract offered on a designated contract market (‘DCM’) without a valid Maryland sports wagering license is an ‘illegal activity’ in our state because this is unlawful sports wagering.”
The MLGCC wrote that any involvement with a prediction market “in any jurisdiction” could “bear negatively” on a Maryland license.
