Prediction markets and sports betting: How this UK exchange is trying to do both in the U.S.

· cnbc.com

Smarkets is entering the U.S. prediction market race but also applying to run as a sportsbook within states amid regulatory uncertainty at the federal level.

The company runs a betting exchange in the UK and also operates in Ireland, Malta, Sweden and in Indiana, United States.

Smarkets, a UK-based betting exchange,...


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