Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
60-second summary
Novig CEO Jacob Fortinsky plans to transition his company to a federal Designated Contract Market framework this summer, allowing for a nationwide launch in all 50 states. Meanwhile, 57 Maiden's Adam Mastrelli was banned from two major sportsbooks within two months for being "sharp," highlighting the need for regulation as a financial product, not traditional gambling.
Novig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all 50 states, while 57 Maiden's Adam Mastrelli said he was banned from two major sportsbooks within two months for being “sharp."