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Prediction Markets Are Upending U.S. Gambling: What It Could Mean for Non-Investment Grade Credit

A 2024 court ruling allowed prediction markets to operate as federally regulated event contract exchanges. With nationwide reach, these products are pressuring state regulated sports books, lotteries and casinos—raising new considerations for non-investment grade issuers and investors.

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Neuberger Berman

Prediction Markets Are Upending U.S. Gambling: What It Could Mean for Non-Investment Grade Credit

This is premium content

Asset Owners

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Neuberger Berman

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