A leading gaming trade group appoints Chris Christie to oppose unregulated prediction market platforms, warning they bypass state casino laws and pose risks to regulated online casino gambling industries.
Former New Jersey governor Chris Christie has experience as a regulator to oppose prediction market sites that offer a challenge to state-regulated casino and online casino systems.
One of the arguments brought forward by gaming leaders is that prediction market betting is like gambling but is not subject to stringent regulation like licensed casino and online casino operators.
The organization focuses on protecting regulated betting and casino revenues against the emergence of prediction market platforms that are not controlled by the state.
The industry players caution against the prediction market operators due to their lack of protection, unlike licensed online casino websites subjected to the risks of a responsible gaming environment.
Part of his work involves counseling on the lawsuits claiming that products of prediction markets are contrary to the current casino and gambling laws.
Trade leaders assert that prediction market companies enjoy controlled casino environments without compliance and tax payments.
The group will carry on long-term campaigns to maintain state control in casino, online casino, and sports betting markets.
Courtesy: https://www.covers.com, https://www.casino.org, https://pechanga.net
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