The Michigan Gaming Control Board (MGCB) on Friday warned a broad collection of companies doing business in the gambling industry there to not be a part of the proliferation of sports events contracts on prediction markets.
Doing so, even peripherally, could impact the status of gaming licenses in the state, the memorandum asserted.
The MGCB, one of the most aggressive state regulatory boards in defending its borders against unlicensed operators, seemingly left out no part of a gambling ecosystem. And it left little gray area. This could have major implications for some major sports betting companies.
The letter, attributed to MGCB Executive Director Henry Williams, targeted licensed commercial casinos, gaming-related commercial casino suppliers, Internet gaming operators, Internet gaming suppliers, sports betting operators, sports betting suppliers, and fantasy contest operators.
