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.
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.
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.