New York doesn’t want to sue prediction markets—it wants to absorb them
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A staffer pretending to be 15 logged onto an online gaming site and began placing bets. For days, nothing stopped him. No warning, no verification, no barrier. Only after he won a $75 gift card did the platform ask his age.
For New York State Senator Joseph Addabbo Jr., the episode crystallized what he sees as a dangerous gap in oversight.
“It is gambling,” he told ReadWrite. “Whenever an individual has an opportunity of putting up money with the potential of gaining money… that’s gambling
For New York State Senator Joseph Addabbo Jr., the episode crystallized what he sees as a dangerous gap in oversight.
“It is gambling,” he told ReadWrite. “Whenever an individual has an opportunity of putting up money with the potential of gaining money… that’s gambling
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