Key Highlights Kalshi has geofenced users across multiple statesāincluding Nevada, Washington, and Michiganāas regulatory and legal battles escalate nationwide. Recent federal appeals court rulings from the Second and Ninth Circuits have dealt major blows to prediction market platforms, paving the way for state enforcement and tribal restriction enforcements. State officials, including those in Utah who ...
Key Highlights: The CuraƧao Gaming Authority (CGA) has officially shut down its online licensing portal. The decision to take the digital platform offline follows a major data breach. Regulators have confirmed that the compromised licensing portal will not return to service. CuraƧao Gaming Authority Shuts Down Digital Licensing Portal The CuraƧao Gaming Authority (CGA) has ...
Key Highlights: A new regulatory proposal could bolster federal oversight arguments for Kalshi and Polymarket US against state gambling regulators by treating event contracts as swaps. The Commodity Futures Trading Commission (CFTC) issued a separate interim final rule clarifying that traditional casino games and sports betting are excluded from swap definitions. While the event contract ...
Key Highlights Sydney Sweeney appeared nearly nude in a high-profile promotional campaign for the sports betting platform Novig this month The campaign generated significant media coverage and public discussion around celebrity endorsements in sports gambling Novig leveraged Sweeney’s star power to differentiate its platform in the increasingly crowded U.S. sports betting market Sweeney’s Provocative Novig ...
Key Highlights The 6th U.S. Circuit Court of Appeals ruled unanimously that Ohio and Tennessee can enforce state gambling laws against Kalshi’s sports prediction markets, rejecting the platform’s claim that its contracts fall under exclusive federal CFTC jurisdiction. The decision reverses a Tennessee federal district court ruling that had favored Kalshi while upholding an Ohio ...