Maksym Shtun, Product Owner at Slotegrator, discusses the growth of prediction markets and their differences from traditional sportsbooks. He highlights the regulatory structure in the U.S. and the global trends driven by crypto adoption and technology.
The Texas Medical Association has called for the legal age for using prediction markets to be raised to 21, citing concerns over adolescent vulnerability to gambling addiction. The proposal is under review by the Texas Senate Committee on State Affairs.
ProphetX and Pikkit have formed an alliance to offer federally regulated sports prediction markets, providing Pikkit's community access to a new trading experience.
The Commodity Futures Trading Commission has advised prediction market platforms to avoid using American-style odds, citing potential mislead and lack of market depth. The guidance comes amidst ongoing debates about the nature of prediction markets.
Novig, the fastest-growing sports prediction market in America, has launched its federally regulated sports prediction market across the United States, offering deeper liquidity, enhanced market quality, and a variety of payment options.