Massachusetts Commission Votes To Reopen Wagering License Process [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
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Source: Yahoo! Finance
The decision, Chair Jordan Maynard noted, comes at a unique time, as prediction markets are proliferating across the U.S. and the Massachusetts regulator does not support those platforms. “It's been two years since the full launch,” Maynard said. “It makes sense that we look at these open licenses. I'm heartened that people want to come in when prediction markets, which we definitely don't allow, want to enter for sports betting.” According to staff, there are four untethered online sports betting licenses still available, as well as several tethered licenses. There was some discussion about whether or not it made sense to open the process in what commissioners termed a “saturated” market before an economic impact study was completed. But in the end, commissioners agreed that through the process, they would be able to gauge interest and understand if it will make sense for the state to add an eighth operator. Staff attorney Justin Stempeck said bet365 indicated interest in a Cat
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- DKNG's page on the SEC website