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Pennsylvania Bill Could Shut Sportsbooks Out of Prediction-Market Making

Bitcoin.com

Bitcoin News / Bitcoin.com 453 Views

Pennsylvania Bill Could Shut Sportsbooks Out of Prediction-Market MakingA bipartisan Pennsylvania bill would impose insider-trading rules and consumer protections on prediction markets while blocking gambling companies from supplying their liquidity. The restriction could disrupt market-making strategies pursued by Draftkings, Flutter and other sportsbook groups expanding into federally regulated event contracts. A liquidity restriction aimed at gambling companies A bipartisan group of Pennsylvania lawmakers […]
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