Gaming regulators in US states are “ill-equipped” to handle any pivot by online sports betting firms into prediction markets. That was the conclusion of a panel convened by Truist Securities.
Panelists were Splash Sports Co-Founder Joel Milton, Sporttrade CEO Alex Kane, ICE360 President Eric Frank and XST CEO Joel Simkins. Truist Securities analyst Barry Jonas published their findings in a 3 September investor note.
The panel opined that “moving into prediction markets is enticing, though we still believe operators need to tread carefully to not upset state gaming regulators and partners in their core business today, especially given federal views on prediction could shift with new administrations.”
