The Massachusetts Gaming Commission (MGC) Thursday morning sent a letter to operators warning them against offering prediction markets in the state. Unlike other regulators, the MGC did not address how it will handle state-licensed operators offering or partnering with prediction markets in other U.S. jurisdictions.
“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,” the letter reads.
Signed by executive director Dean Serpa, the letter is clear in saying that offering prediction markets directly or sending “patrons to such event contracts being offered in Massachusetts” could result in enforcement action up to the “revocation” of a license.
