The Sports Betting Alliance (SBA) is maintaining a neutral position on prediction markets as several of its member companies take different approaches to the expanding event-contract sector. The organization represents FanDuel, DraftKings, BetMGM, Fanatics Sportsbook and bet365. Its president, Joe Maloney, said the alliance is not lobbying either for or against prediction markets, even as the issue attracts growing attention from lawmakers, regulators and federal courts. “We do not have a position on prediction markets. We don’t advocate in the space”, […]
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