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.