Fliff Is Applying to Become a Prediction Markets Platform

Gaming attorney Joshua Kirschner was quoted in a Sweepsy article about Fliff's application to become a Futures Commission Merchant and licensed swap firm, a move that could signal a shift from sweepstakes sports betting to prediction markets. The article examined how sweeps operators are exploring new business models such as prediction markets, daily fantasy sports and other alternative gaming formats in response to an uptick in regulatory scrutiny and legislative restrictions. Josh, who serves as deputy team leader of Holland & Knight's Gaming Practice, described the sweepstakes gaming industry as being at an "inflection point" as regulators and operators continue to adapt to the sector's evolution.

"What I see is what happens in growing and evolving industries all the time, which is regulators and legislators catching up to issues, and then those who are already in the space innovating and responding to that legislation and regulation in a new way," he said.

READ: Fliff Is Applying to Become a Prediction Markets Platform