Prediction Market

Oklahoma Tribal Gaming Leaders Warn Prediction Markets Threaten Sovereignty
Richard JanvrinBy: Richard Janvrin

Oklahoma Tribal Gaming Leaders Warn Prediction Markets Threaten Sovereignty

Oklahoma tribal gaming leaders warn prediction markets could threaten tribal sovereignty and gaming protections.
Legal
New Jersey Asks Supreme Court to Decide Kalshi Prediction Market Dispute
Richard JanvrinBy: Richard Janvrin

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.
Legal
Canadian Regulators Say Sports Prediction Markets Aren't Securities or Derivatives
Richard JanvrinBy: Richard Janvrin

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.
Legal
Polymarket Pulls NFL Player Participation Contracts One Day After CFTC Filing
Richard JanvrinBy: Richard Janvrin

Polymarket Pulls NFL Player Participation Contracts One Day After CFTC Filing

Polymarket has pulled its proposed NFL player participation prediction markets only a day after submitting them to the CFTC.
Industry
Kalshi to Offer NFL Contracts on Whether Players Will Play in Games
Richard JanvrinBy: Richard Janvrin

Kalshi to Offer NFL Contracts on Whether Players Will Play in Games

Kalshi will offer NFL contracts based on whether players participate in games, potentially testing the boundaries around restrictions on injury-related markets.
Industry
MLBPA Open to Banning Players From Sportsbook VIP Marketing Campaigns
Richard JanvrinBy: Richard Janvrin

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.
Legal
Polymarket Refers Dozens of Accounts to DOJ Over Suspected Military Insider Trading
Richard JanvrinBy: Richard Janvrin

Polymarket Refers Dozens of Accounts to DOJ Over Suspected Military Insider Trading

Polymarket reportedly referred dozens of accounts to the Justice Department after identifying activity potentially connected to military insider trading.
Legal
Nevada Uses North Carolina Prediction Market Tax Against Kalshi in Court
Richard JanvrinBy: Richard Janvrin

Nevada Uses North Carolina Prediction Market Tax Against Kalshi in Court

Nevada says Kalshi's support for North Carolina's prediction market tax undermines its argument that states cannot regulate its federally overseen operations.
Legal
CFTC Committee Raises Prediction Market Manipulation Concerns
Richard JanvrinBy: Richard Janvrin

CFTC Committee Raises Prediction Market Manipulation Concerns

Prediction market manipulation was a major focus of the CFTC's first Innovation Advisory Committee meeting amid several high-profile incidents.
Legal
Florida Sues Stake.us and Chumba Casino Operator VGW
Richard JanvrinBy: Richard Janvrin

Florida Sues Stake.us and Chumba Casino Operator VGW

Florida has filed lawsuits against Stake.us and Virtual Gaming Worlds, seeking to stop several major sweepstakes casinos from operating in the state.
Legal