Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

CoinDesk Staff

(05:00 PM UTC)

1 min read

Novig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all 50 states, while 57 Maiden's Adam Mastrelli said he was banned from two major sportsbooks within two months for being “sharp."

MIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two…

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