Meta verdict may help, but attorney notes gambling cases feature key difference from social media suits Meta verdict may help, but attorney notes gambling cases feature key difference from social media suits The American legal system is increasingly awash with lawsuits alleging that sports betting companies intentionally build apps that prey on customers with gambling…
The former CFTC commissioner and former nominee to lead the agency will serve as a senior adviser to the industry group backed by Kalshi, Coinbase, Crypto.com and Robinhood. The former CFTC commissioner and former nominee to lead the agency will serve as a senior adviser to the industry group backed by Kalshi, Coinbase, Crypto.com and…
ADI Predictstreet is the new kid on the prediction market block — its trading volume may be small, yet in exclusive comments to Gambling Insider, insiders claim it has a winning strategy ADI Predictstreet is the new kid on the prediction market block — its trading volume may be small, yet in exclusive comments to…
North Carolina became one of the first states to tax prediction markets without creating a regulatory framework. The move could trigger another clash over federal and state authority. North Carolina became one of the first states to tax prediction markets without creating a regulatory framework. The move could trigger another clash over federal and state…
A new Macquarie report estimates Kalshi accounted for roughly two-thirds of prediction market trading in June as the FIFA World Cup accelerated mainstream adoption. A new Macquarie report estimates Kalshi accounted for roughly two-thirds of prediction market trading in June as the FIFA World Cup accelerated mainstream adoption. Prediction markets generated more than $50 billion…
Britain's gambling regulator will phase in financial checks on its highest-spending customers from a starting threshold that few will ever reach and, unusually, has promised not to punish operators that ignore the results during the early rollout. Britain's gambling regulator will phase in financial checks on its highest-spending customers from a starting threshold that few…
Judge says congressional history suggests lawmakers sought to prohibit the types of sports-event contracts offered by Kalshi. Judge says congressional history suggests lawmakers sought to prohibit the types of sports-event contracts offered by Kalshi. A federal judge has denied Kalshi‘s motion for a preliminary injunction against New York regulators, ruling that the company failed to…
The defense argues the Maduro-related prediction market contracts were not swaps under the Commodity Exchange Act and says the CFTC exceeded its authority in bringing the case. The defense argues the Maduro-related prediction market contracts were not swaps under the Commodity Exchange Act and says the CFTC exceeded its authority in bringing the case. The…
Gambling Insider can reveal that, contrary to reports in the New York Times and Bloomberg, the partnership between ADI Predictstreet and Kalshi is not as enmeshed as some believed. Gambling Insider can reveal that, contrary to reports in the New York Times and Bloomberg, the partnership between ADI Predictstreet and Kalshi is not as enmeshed…
The charges follow a Nevada investigation into suspicious player prop bets involving Fresno State players that previously resulted in lifetime NCAA bans for two former players. The charges follow a Nevada investigation into suspicious player prop bets involving Fresno State players that previously resulted in lifetime NCAA bans for two former players. A former DraftKings…
