WWE is Looking to Work with Gambling Regulators: Reports
World Wrestling Entertainment has engaged in discussions regarding the legalization of betting on high-profile matches with gambling regulators from the states of Colorado and Michigan.
According to the report, the media and entertainment company has teamed up with Ernst & Young, an accounting firm that has worked with award shows like the Oscars and the Emmys, to stop the leak of information about staged matches.
A spokesperson for the gaming industry in the state of Michigan stated that the Michigan Gaming Control Board produces a Sports Wagering Catalog. When revisions to the catalog are accepted, the updated information is made available to the general public through the website of the agency as well as to operators of sportsbooks.
According to people familiar with the matter who asked not to be identified because the talks are private, WWE is collaborating with the accounting firm EY to secure scripted match results in an effort to persuade regulators that there is no chance of results leaking to the public.
Even though it is not permitted in the majority of states, betting on the Academy Awards is already legal and can be done through a number of different sports betting applications, such as FanDuel and DraftKings, which are the industry leaders.
According to the people speaking with the publication, WWE executives have used betting on the Oscars as an example to try to persuade regulators that gambling on scripted matches is safe.
Even so, the voting results for the Academy Awards are not written by writers, despite the fact that a small number of people are privy to them before they are made public.
Even in the event that gambling is sanctioned by the appropriate authorities, bookmakers would still need to determine whether or not they are willing to accept wagers on WWE matches. According to people familiar with the situation, those discussions have not yet taken place at betting companies.