New York takes aim at prediction markets with ‘risky bet’ campaign

by SBC Americas
4 minutes read
The New York State Gaming Commission (NYSGC) has launched a new campaign to educate residents and visitors about the risks associated with unlawful gambling.

On Friday, the NYSGC launched its Unlawful Gambling = Risky Bets initiative, providing bettors in the Empire State with the knowledge and tools to identify unlicensed gambling platforms and protect themselves from the dangers of unlawful wagering.

The NYSGC takes direct aim at online casinos, sweepstakes casinos and prediction markets by declaring them unlawful gambling options in New York. The regulator wants New Yorkers to bypass accessing the unlicensed platforms as they fail to deliver the same consumer protections standards and procedures as required by licensed operators in the state.

In some cases, the unlicensed platforms also facilitate wagering by people under the age of 21—a violation of New York gaming rules. The illicit platforms also provide users with access to house rules and market catalogs that have not receiv..

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