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Las Vegas Raiders owner Mark Davis says he is concerned about sports betting’s potential to undermine professional sports, particularly wagers on individual players and plays. His comments come as the NFL pushes for stronger regulation of prediction markets, according to Yahoo Sports. No West Virginia-specific change was reported.
Davis Questions Prop Betting Despite Sportsbook Partnerships
Davis, who also owns the WNBA’s Las Vegas Aces, discussed his concerns with CNBC Sport. Both teams have partnerships with sportsbook BetMGM.
“I’m not a fan per se of gambling on sports, especially the one-on-ones, the proposition types of betting,” Davis said.
He identified the integrity of competition as his central concern and said leagues must balance the substantial revenue gambling businesses bring against the risks to confidence in sports.
Davis also recalled a stricter NFL stance during his childhood, with a locker-room sign warning that gambling could lead to suspension or removal from the league. He moved the Raiders from Oakland to Las Vegas in 2020.
NFL Seeks Stronger Prediction-Market Regulation
The NFL has taken a more cautious approach to prediction markets than other leagues and has declined to partner with prediction-market operators, Yahoo Sports reported.
In September comments to CNBC Sport, NFL Commissioner Roger Goodell called for stronger regulation and emphasized that the league was willing to wait rather than rush into partnerships.
“We don’t feel like we have to be first in this. We feel like we’re going to be right,” Goodell said.
The NFL filed an amicus brief with the Supreme Court in October arguing that prediction markets are gambling and should be regulated by the states.
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Source: As reported by Yahoo Sports.
