By The Weekly Edge desk ·
Casino.org News reported that ProphetX partnered with Pikkit. The agreement forms part of ProphetX’s expansion of its B2B prediction market operations.
The partnership adds Pikkit to ProphetX’s B2B prediction market expansion.
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The round adds $35m in financing to ProphetX.
The agreement brings ProphetX sports contracts into Players’ Lounge’s gaming platform.
Robinhood Derivatives faces a 16 October compliance deadline for Ohio’s cease-and-desist order concerning sports-event contracts.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.