By The Weekly Edge desk ·
SBC Americas reported that ProphetX partnered with Players’ Lounge to introduce sports event contracts on its platform. Players’ Lounge already offers real-money competitions involving video games.
The agreement brings ProphetX sports contracts into Players’ Lounge’s gaming platform.
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The partnership adds Pikkit to ProphetX’s B2B prediction market expansion.
The round adds $35m in financing to ProphetX.
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.