Crypto and Sports Betting: IGA’s Stance on Prediction Markets
IGA’s Opposition to Prediction Markets
The Indian Gaming Association (IGA) has long been a vocal opponent of prediction-market sports betting. In their final ‘New Normal’ webinar of 2025, the IGA reiterated their concerns about the potential risks and regulatory challenges posed by these markets. The webinar featured prominent figures such as Amanda Fischer, policy director and chief operating officer of Better Markets, and tribal gaming attorney Scott Crowell, who discussed the complexities and potential pitfalls of integrating crypto into sports betting.
The Role of Crypto in Sports Betting
Crypto has increasingly become a significant player in the sports betting industry. The decentralized nature of blockchain technology offers transparency and security, making it an attractive option for bettors and operators alike. However, the IGA’s opposition underscores the need for a balanced approach that considers both the benefits and risks of crypto integration. The volatility of crypto prices and the regulatory uncertainties remain significant hurdles.
Market Implications and Future Outlook
The IGA’s stance on prediction markets has broader implications for the crypto and sports betting industries. As regulatory bodies continue to grapple with the complexities of crypto, the market is likely to see increased scrutiny and potential changes in legislation. This could impact various aspects of the crypto ecosystem, from trading and price volatility to the adoption of blockchain technology in sports betting.
Expert Insights and Community Reactions
The IGA’s webinar sparked a range of reactions from industry experts and the crypto community. While some applauded the IGA’s cautious approach, others argued that prediction markets could bring innovation and growth to the sports betting industry. The debate highlights the need for ongoing dialogue and collaboration between regulators, industry leaders, and the crypto community to navigate the evolving landscape.
The Indian Gaming Association’s opposition to prediction-market sports betting underscores the complex interplay between crypto and traditional industries. As the market continues to evolve, stakeholders must stay informed and engaged to navigate the regulatory and technological challenges ahead. For the latest updates and insights on crypto and sports betting, stay tuned to our comprehensive coverage.
Published: December 23, 2025
