Topic Archive

#Illegal gambling

3 Stories Found

Coins•Oct 29, 2026

Utah Charges Prediction Market Platform Kalshi With Illegal Gambling

Key Highlights: Utah has launched parallel civil and criminal legal actions against prediction platform Kalshi over state gambling violations. Kalshi and the Commodity Futures Trading Commission (CFTC) argue these event contracts are federally regulated financial derivatives, prompting the CFTC to sue Utah over jurisdiction. A growing coalition of states—including Arizona, Connecticut, Massachusetts, Michigan, and Nevada—are ...

4 min readRead

Sports•Oct 9, 2026

Canadian Lottery Coalition Relaunches as Regulated Gaming Alliance to Combat Illegal Operators and Policy Shifts

Key Highlights The Canadian Lottery Coalition has officially rebranded as the Canadian Alliance for Regulated Gaming. The national not-for-profit association plans to expand its membership beyond its founding provincial lottery corporations. The alliance will coordinate cross-jurisdictional efforts against unregulated gambling operators, aggressive advertising, and emerging prediction markets. In a major strategic evolution for the country’s ...

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Coins•Sep 24, 2026

New York Sues Polymarket, Accusing Prediction Market of Illegal Gambling

Key Highlights New York Attorney General Letitia James and Governor Kathy Hochul filed a lawsuit Thursday accusing Polymarket of operating an unlicensed gambling business in violation of state law. The complaint alleges Polymarket avoided licensing requirements and taxes that fund public schools, youth sports, and problem gambling treatment, while allowing users aged 18 to 20 ...

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