Key Highlights: Philadelphia Eagles running back Saquon Barkley has divested his equity stake in prediction market platform Polymarket. The move was prompted by the NFL Gambling Policy, which restricts covered personnel from investing in platforms offering sports trading. Barkley confirmed the divestment directly to Front Office Sports after league regulations barred him from holding the ...
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 ...
Prediction market platform Kalshi has escalated its legal challenge against the state of Nevada, filing a petition for an en banc rehearing before the Ninth Circuit Court of Appeals. The move comes after a three-judge panel ruled in favor of Nevada, upholding the state regulator’s authority to classify Kalshi’s sports-related event contracts as gambling. Background: ...