Maryland has become the latest state to warn licensees about offering prediction markets, as it joins a growing list of state regulators.
On Wednesday (November 19), the Maryland Lottery and Gaming Control Commission sent a notification to its licensees regarding the controversial subject.
NEW: Maryland becomes the 7th state to warn licensees about involvement in prediction markets. Per @MDLottery, “any direct or indirect” association with sports event contracts in “any jurisdiction” where such activity is illegal or unauthorized “may” have licensing implications. pic.twitter.com/WxPx4eA5A8…