Pennsylvania’s top gaming regulator is no fan of prediction markets offering sports contracts Kevin O’Toole is calling on the state’s congressional delegation to urge the CFTC to prohibit sports contracts on trading platforms it regulates The Pennsylvania Gaming Control Board (PGCB) is warning the commonwealth’s congressional delegation about the state gaming regulatory agency’s many concerns regarding prediction markets offering trading involving sports. Pennsylvania Gaming Control Board Executive Director Kevin O’Toole is urging members of Pennsylvania’s congressional delegation to push the Commodity Futures Trading Commission to remove contracts involving sports from trading exchanges it regulates. (Image: Pennsylvania Gaming Control Board) Kevin O’Toole has served as executive director of the PGCB for more than 16 years. A former deputy attorney general with the New Jersey Division of Gaming Enforcement (NJDGE) and executive director of the Oneida Indian Nation Gaming Commission, O’Toole has almost three decades of gaming industry experience. He believes the rapid emergence of prediction markets entering the sports gambling realm…Read MoreCategory: Regulation, CFTC, Commodity Futures Trading Commission, derivatives, Kalshi, Kevin O’Toole, Pennsylvania, PGCB, Polymarket, president market, wagering exchangeSource: Casino.org