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Underdog Sues Tennessee Over Prediction Market Gambling Restrictions
Underdog is challenging Tennessee's gambling laws after receiving a cease-and-desist notice targeting its sports prediction market contracts.
CFTC Halts Novig, ProphetX Sports Prediction Market Contracts
The CFTC is targeting sports micro contracts at Novig and ProphetX amid concerns over market integrity and regulatory compliance.
NBA Restricts Player Prop Bets, but Prediction Markets Remain Unaffected
The NBA is tightening player prop betting restrictions at partnered sportsbooks, raising questions about prediction market oversight.
Google Bans Prediction Market Ads in Connecticut, Bringing Total to Five States
Google has added Connecticut to its list of states where prediction market advertising is prohibited, bringing the total to five.
Crypto.com, Novig Sue Missouri Over Prediction Market Restrictions
Crypto.com and Novig are challenging Missouri's crackdown on sports event contracts through separate federal lawsuits.
Reuters Poll Finds Most Americans Oppose Election Prediction Markets
A new Reuters/Ipsos poll reveals bipartisan opposition to election prediction markets ahead of the U.S. midterms.
New Zealand Names 11 Successful Online Casino Auction Bidders
New Zealand's Department of Internal Affairs has named 11 successful online casino auction participants who secured the right to apply for 15 licences. The auction concluded on 12 October 2026, with the final price reaching NZ$15 million per licence.
Prediction Markets Retreat From Michigan, Connecticut, Missouri Amid Legal Pressure
Prediction market operators are withdrawing or restricting sports contracts in three states amid lawsuits and regulatory enforcement.
Seminole Tribe Sues DraftKings Over Prediction Markets, DFS in Florida
The Seminole Tribe is suing DraftKings over its Florida prediction market and DFS offerings, seeking an injunction and profits.
Pennsylvania, Wyoming Advance Proposals to Ban Sweepstakes Casinos
Pennsylvania and Wyoming are pursuing legislation to target sweepstakes casinos, as more states move to restrict dual-currency gaming platforms.
Lawmakers Demand FanDuel Release Celebrity Videos Sent to VIP Bettors
Three lawmakers are demanding more answers from FanDuel over personalized celebrity videos sent to members of its VIP program.
NFL Backs New Jersey in Supreme Court Fight Over Prediction Markets
The NFL is siding with New Jersey in its Supreme Court battle over the legality of sports prediction market contracts.
Michigan Orders 33 Offshore Gambling Operators to Cease Operations
Michigan regulators are targeting 33 offshore gambling platforms as part of an ongoing crackdown on illegal gambling.
theScore Bet Hit With C$200K Fine Over Cash-Out Offers
Ontario's AGCO issued its maximum C$200,000 penalty to theScore Bet after two cash-out offers, including one worth C$380,000, went unhonored.
Connecticut Says Prediction Market Platforms Are Leaving After Cease-and-Desist Orders
Connecticut says prediction market operators are leaving the state following cease-and-desist notices over sports event contracts.
Pennsylvania Player Loses $25K on Kalshi Despite Gambling Self-Exclusion
A self-excluded Pennsylvania player lost more than $25,000 after gaining access to prediction market platform Kalshi.
Illinois Judge Rules Kalshi Sports Contracts Likely Qualify as Swaps
Kalshi scored a legal victory in Illinois after a judge ruled its sports event contracts likely qualify as federally regulated swaps.
Ohio Orders 10 Prediction Market Operators and Brokers to Stop Offering Sports Contracts
Ohio has ordered 10 prediction market operators to stop offering sports-event contracts after a Sixth Circuit ruling.
South Africa Appoints New National Gambling Board as Regulatory Scrutiny Grows
South Africa has appointed a new National Gambling Board, led by Dr Makgathatso Charlotte Chana Pilane-Majake, as the gambling sector faces increased regulatory scrutiny.
DraftKings Stock Falls to Lowest Level Since 2023
DraftKings shares have fallen to their lowest level since April 2023 amid growing prediction market competition.
New Zealand Sets Out Draft Testing Rules for Licensed Online Casinos
New Zealand’s Department of Internal Affairs has published draft testing and monitoring requirements for licensed online casino operators, including rules for RNG certification, RTP monitoring and technology controls.
CFTC Proposes New Prediction Market Rules to the White House Amid Jurisdiction Battles
The CFTC has proposed two rules to the White House that could reshape the regulatory treatment of prediction market contracts.
NCPG Executive Director Resigns Following Kalshi Partnership Fallout
Heather Maurer is stepping down as NCPG executive director following member departures tied to its Kalshi partnership.
Michigan Regulators To Review Concerns Raised in DraftKings AI Reports
Michigan regulators are reviewing player-protection concerns raised in recent reports about DraftKings.
The Star Sydney Licence Suspension Extended as Regulatory Oversight Continues
The Star Sydney will remain under independent management until June 2027 as regulators continue assessing whether the casino is suitable to regain control of its licence.
Crown Resorts Sues Insurer Over $72.5 Million Class Action Payout
Crown Resorts is seeking $22.5 million from RiverStone following a $72.5 million shareholder class action settlement.
Florida AG Targets Meta, Google Over Sweepstakes Casino Ads
Florida is putting tech companies on notice over advertisements promoting sweepstakes casino platforms.
Kalshi Blocks Prediction Markets on California Tribal Lands
Kalshi has implemented its first voluntary tribal geofence following a Ninth Circuit ruling involving three California tribes.
Massachusetts to Review DraftKings and Others Use of AI in Sports Betting
Massachusetts regulators will review how DraftKings and other licensed sportsbooks use AI and machine learning.
Indiana Rejects NCAA Request to Ban College Player Prop Bets
Indiana regulators rejected the NCAA's push to eliminate pre-game college player prop betting in the state.
CFTC Warns Prediction Market Platforms Over Mention Market Manipulation
The CFTC is warning prediction market platforms to strengthen safeguards around mention markets due to manipulation risks.
Kalshi Seeks Approval for Risk-Based Margining on Event Contracts
Kalshi wants to introduce risk-based margining for eligible event contracts, while sports markets would remain fully collateralized.
Sen. John Curtis Calls for Probe Into Trump Jr.'s Prediction Market Ties
Sen. John Curtis wants Donald Trump Jr. and Hunter Biden subpoenaed in an investigation into presidential family business dealings.