Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

Novig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all 50 states, while 57 Maiden's Adam.

OttoTrader publishedMay 11, 2026, 7:28 AM

Original source timeMay 9, 2026, 5:00 PM

UpdatedMay 11, 2026, 7:28 AM

Source publicationCoinDesk

Open source article Back to Market Pulse

Brief context

The part worth checking first.

What changed

The setup

Novig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all 50 states, while 57 Maiden's Adam Mastrelli said he was banned from two major sportsbooks within two. Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

Why it matters

Trader relevance

Macro positioning around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is novig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all 50 states, while 57 Maiden's Adam Mastrelli said he was banned from two major sportsbooks within two.

Trading lens

How to use it

Use this as watchful context from coindesk.com. Watch whether sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says confirms momentum, invalidates active bias, or changes timing.

Themes

Macro

Source: CoinDesk on coindesk.com.

Original Source

Read the source article when you need the full picture.

OttoTrader Market Pulse gives you a fast trading-focused summary. The source publication remains the full article, so open it when you need quotes, details, or broader background.

Open original source