IMGL Magazine March 2026

EDITORIAL

This does not necessarily mean that prediction markets will spread around the world. Another piece looking at the possibility of these products popping up in Europe highlights high regulatory and cultural hurdles. It also argues that existing players in diverse and competitive regulated markets will simply adopt some of the dynamics that make prediction markets appealing. Views on the black market take up quite a lot of space in this issue with the UKGC’s Tim Miller and the AGA’s Bill Miller both arguing that efforts to undermine unlicensed gambling form a crucial plank of effective regulation. The article on the Infinite Game presents a long view of this struggle and one that, of course, addresses push and pull factors. I want to highlight another aspect of our interview with Tim Miller and one that is close to my heart: research. I raised the question with him, in his role as (among other things) head of research at the UKGC, whether there was something intrinsically questionable or suspect about research into gambling being funded by the industry. He dismissed this view and pointed to potential biases on all sides. He added that not including input of the industry into research would be "a nonsense" . I could not agree more. Rather than being obsessed with the question of source of funding, stakeholders should carefully monitor whether well-established scientific quality criteria, including the study’s methodology, have been respected in a publication. Yours sincerely, Simon planzer@planzer-law.com

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IMGL Magazine is owned, published and distributed by: The International Masters of Gaming Law PO Box 27106, Las Vegas, NV 89126 USA The IMGL is a domestic non-profit corporation registered in Nevada, U.S. with registration number NV20121147120 Editor in Chief: Simon Planzer PhD, planzer@planzer-law.com Publication & Marketing Committee: Co-chairs , Simon Planzer (Publications), Ali Bartlett (Social Networks & Digital) Members : Luiz Felipe Maia, Daniel McGinn, Luis Carvalho Staff : Phil Savage, Brien Van Dyke Head of Publications: Phil Savage phil@IMGL.org Design and production: SportBusiness Communications. Copyright: All rights reserved to IMGL. No part of this publication may be reproduced or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without prior permission from the publisher. The articles expressed in this publication do not necessarily reflect the views of IMGL but those of the authors. The publisher and editor do not accept any liability for the contents of the authors’ contributions.

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