Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

CoinDeskMay 9, 2026
sports-bettingregulationfinancial-productsprediction-markets

Novig CEO Jacob Fortinsky advocates for the regulation of sports betting as a financial product rather than traditional gambling. This shift aims to align with a federal Designated Contract Market framework, allowing Novig to operate across all 50 states. Meanwhile, 57 Maiden's Adam Mastrelli shares his experience of being banned from major sportsbooks for his sharp betting strategies.

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