Add With its Sports Betting Launch Near, where does Missouri Base On Prediction Markets?
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<br>Missouri is on schedule to introduce a legal market for sports betting next month. However, the truth is that there is a technically legal kind of sports wagering offered in the Show-Me State already: federally managed prediction markets.<br>
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<br>- Missouri is preparing to release state-regulated sports banking on Dec. 1, even as federally managed forecast markets already use de facto sports betting in the state.<br>
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<br>- Regulators have so far taken a mindful, wait-and-see approach toward forecast markets while court fights in other places continue and operators avoid providing those products in Missouri.<br>
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<br>- The state may revisit its sports wagering structure in future legal sessions, exposing the possibility of new guidelines focused on forecast markets.<br>
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<br>Those forecast markets, such as Crypto.com, Kalshi, and their partners, are using de facto sports wagering by means of occasion agreements. The items enable prediction market to wager "yes" or "no" on a variety of event results, [including](http://jeegel.com/bbs/board.php?bo_table=board&wr_id=387105) NFL, NBA, and NCAA video games.<br>
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<br>This makes forecast markets competitors to state-regulated sportsbooks, such as the 9 that Missouri plans to introduce on Dec. 1. Not everyone likes that.<br>
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<br>In some states, regulators have pushed back, informing the forecast market operators their items are a little too much like online sportsbooks that have actually been licensed by the regional video gaming commissions. Several court fights are raging as a result, without any timetable for when a final determination about the legality of sports occasion agreements will come.<br>
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<br>Latest forecasted Missouri online sportsbooks for Dec. 1 launch:<br>
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<br>bet365.
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BetMGM.
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Caesars.
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Circa.
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DraftKings.
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Fanatics.
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FanDuel.
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theScore Bet.
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Underdog<br>
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<br>Missouri has yet to officially wade into the forecast market wars. Whether it will once there are state-regulated sportsbooks up and running, or there is more clarity about the legality of sports event contracts, could be another story. In the meantime, however, the state's sports wagering regulator is awaiting the courts to clear things up before entering into any expensive legal or regulative battles.<br>
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<br>The executive director of the Missouri Gaming Commission (MGC) spoke on a panel in October at the Global Gaming Expo (G2E) in Las Vegas. Prediction markets were a major subject of [discussion](https://git.wisder.net/sharronkidman0) throughout the massive gaming conference, and MGC executive director Michael Leara was [requested](http://organics.saratradecorp.com/best-beauty-products) for his ideas.<br>
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<br>While Leara had some individual bookings about forecast markets, [offered](http://web.symbol.rs/forum/member.php?action=profile&uid=1251399) his experience working in the [financial](https://gl.cooperatic.fr/oliveraney279) market, he stated the state was "being very careful" about its method to forecast markets. Missouri, he kept in mind, does not have a law or policy that attends to the federally managed exchanges.<br>
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<br>Leara likewise noted that some of the operators and licensees coming into Missouri had actually already given the [commission notice](https://t2k.in/andressiddins2) that they'll be meddling forecast [markets](http://www.barbaramillucci.com/2016/11/02/intervista-a-francesco-violante-ex-ceo-di-sita/). Underdog, for instance, is in line to release state-regulated sports betting in Missouri, but also offers forecast markets by means of a collaboration with Crypto.com.<br>
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<br>DraftKings and FanDuel have actually recently outlined their strategies to launch prediction [markets](http://47.100.17.114/douglasdrago00/the-betnaija-promo-code-this-2026-is-yohaig/issues/1) in the U.S. too, which will avoid states where they hold online sports wagering licenses, such as Missouri.<br>
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<br>" Until this makes its method through the court system ... I believe there's a long time ahead of us before Missouri takes a position either statutorily or regulatorily," on forecast markets, Leara stated at G2E.<br>
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<br>Talking with Covers by phone today, Leara verified that this is still Missouri's method. The video gaming commission currently has its hands full with trying to introduce statewide online sports wagering, and will wait and see what the courts ultimately say about forecast markets.<br>
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<br>However, Leara did state that the MGC will look unfavorably upon licensees that are found to be running unlawfully in Missouri or other jurisdictions.<br>
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<br>" We're keeping a close eye on this," he said.<br>
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<br>At this point, though, any Missouri licensee that might use prediction markets will probably aim to keep their sports event agreements clear of the state. Otherwise, they could find themselves with a really dissatisfied state regulator.<br>
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<br>" Our launch strategy has been established in close assessment with state regulators and tribal authorities, leading to a tailored, state-specific technique that allows us to launch in those states where no local guideline exists," said Peter Jackson, CEO of [FanDuel-owner](http://web.symbol.rs/forum/member.php?action=profile&uid=1251399) Flutter, in a letter to shareholders this week. "At launch, FanDuel Predicts will use sports markets in states without a current sports betting regulatory framework. Sports markets will likewise be limited to non-tribal lands."<br>
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<br>Laying out the law<br>
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<br>So Missouri, for the time being at least, will be an observer of forecast markets, albeit one that could take action if sports occasion contracts are stated definitively unlawful and yet are still offered by its licensees. The state's new sportsbooks also have to wrest clients far from other pre-existing types of sports wagering in the state, such as those used by operators based offshore or using the sweepstakes design.<br>
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<br>It is possible the Missouri legislature could tinker with the [state's sports](http://dmvgenbapdeacons.org/photogallery/tabid/96/emodule/473/eitem/10/default.aspx?edgmid=473&edgpid=16) wagering framework. Whether they do, including in the state's 2026 legal session, stays to be seen. Whether legislators put prediction markets in their crosshairs is TBD too.<br>
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