Home / Sports / Prediction markets too much like gambling, says NY AG James

Prediction markets too much like gambling, says NY AG James

Prediction markets are a growing, nationwide, multibillion-dollar business, but the state Gaming Commission calls prediction markets an “unregulated industry” and an “unlicensed mobile betting platform” that poses a threat to

Stronger guardrails are needed for wagers that treat human misery as a roulette wheel
Sports are a big part of prediction markets. While some leagues are cashing in, others are taking a more cautious approach.
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Source: Buffalo Buffalo News | Published: 2026-03-31T10:00:00Z

Credit: Buffalo Buffalo News

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