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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.
NFL, NBA, MLB and Other Leagues Call for Lifetime Betting Bans Over Harassment
Major U.S. sports leagues are calling for lifetime betting bans for bettors who threaten or harass game participants.
Missouri Orders Prediction Markets to Stop Offering Sports Contracts
Missouri has ordered six prediction market platforms to stop offering what it considers unlicensed sports betting.
Ninth Circuit Rules Against Kalshi in California Tribes Legal Battle
California tribes scored a partial victory after the Ninth Circuit ruled against Kalshi on key tribal gaming issues.
6 Malaysian Men Jailed for $4.9M Singapore Poker Robbery
A Singapore court sentenced six Malaysian men for a 2024 armed robbery that stole $4.9M in cash, crypto, and luxury watches from a poker game.
Robinhood to Stop Offering Sports Prediction Markets in Michigan
Robinhood will pause sports prediction markets in Michigan while its legal challenge over state regulatory authority continues.
NFL Warns Prediction Markets to Stop Offering 'Objectionable' Contracts
The NFL is urging prediction markets to remove contracts it says could threaten the integrity of its games.
Michigan Judge Blocks Kalshi Sports Prediction Markets
Kalshi must block Michigan users from its sports prediction markets under a new preliminary injunction.
FINTRAC Fines New Brunswick, Nova Scotia Gaming Bodies
FINTRAC fined New Brunswick Lotteries and Nova Scotia Gaming a combined C$631,538 for failing to report suspicious gambling transactions.
Congress Demands More Answers From FanDuel Over VIP Program
Congress is pressing FanDuel for more answers about its VIP program after criticizing the company's initial response.
Kalshi, CEO Donated $12K to Texas AG Ken Paxton Amid Prediction Market Scrutiny
Kalshi and its CEO donated $12,000 to Texas AG Ken Paxton as other states pushed back against prediction markets.
Oklahoma Tribal Gaming Leaders Warn Prediction Markets Threaten Sovereignty
Oklahoma tribal gaming leaders warn prediction markets could threaten tribal sovereignty and gaming protections.
New Jersey Asks Supreme Court to Decide Kalshi Prediction Market Dispute
New Jersey wants the Supreme Court to settle a growing legal divide over whether states can apply their gambling laws to Kalshi's sports event contracts.
Canadian Regulators Say Sports Prediction Markets Aren't Securities or Derivatives
Canadian securities regulators have clarified that sports and entertainment event contracts fall outside the country's securities and derivatives framework.
MLBPA Open to Banning Players From Sportsbook VIP Marketing Campaigns
The MLBPA says it is open to restricting players from personalized sportsbook VIP marketing campaigns following congressional scrutiny involving Bryce Harper.