Plaintiffs allege the prediction market platform improperly changed its interpretation of a Strategy Bitcoin contract after the outcome had already occurred, denying payouts on winning "Yes" positions. Plaintiffs allege the prediction market platform improperly changed its interpretation of a Strategy Bitcoin contract after the outcome had already occurred, denying payouts on winning "Yes" positions. Two…
We chatted with the founders of ProphetX and 365Prediction about the companies' prediction market ambitions in the face of stiff competition and regulatory risk. We chatted with the founders of ProphetX and 365Prediction about the companies' prediction market ambitions in the face of stiff competition and regulatory risk Every day we open Twitter, it seems,…
A new audit argues that gambling operators are underinvesting in responsible gambling communications. It warns that the imbalance could increasingly shape regulatory relationships, investor perceptions and AI-generated search results. A new audit argues that gambling operators are underinvesting in responsible gambling communications. It warns that the imbalance could increasingly shape regulatory relationships, investor perceptions and…
The founder of the sweepstakes casino giant resigned after spending six months on leave as the company faces mounting regulatory pressure in the U.S. The founder of the sweepstakes casino giant resigned after spending six months on leave as the company faces mounting regulatory pressure in the U.S. Laurence Escalante has resigned as CEO and…
Prediction market litigation continues this week, with North Carolina potentially becoming the next battleground. Meanwhile, World Cup interest keeps driving betting and prediction market activity. Prediction market litigation continues this week, with North Carolina potentially becoming the next battleground. Meanwhile, World Cup interest keeps driving betting and prediction market activity. Prediction market litigation remains the…
The poker pro said he will remain a shareholder but will no longer have an active role in operating one of Texas's largest poker clubs. The poker pro said he will remain a shareholder but will no longer have an active role in operating one of Texas's largest poker clubs. Professional poker player Doug Polk…
Appeal likely over ruling to block new regulations banning blackjack and restricting third-party bankers Appeal likely over ruling to block new regulations banning blackjack and restricting third-party bankers California’s cardroom casinos scored a big victory earlier this week when a San Francisco court ruled the state’s Bureau of Gaming Control cannot enact regulations that would…
As the Premier League's front-of-shirt gambling sponsorship ban approaches, clubs are increasingly turning to sleeves, training kits, and other commercial assets to maintain betting partnerships. As the Premier League's front-of-shirt gambling sponsorship ban approaches, clubs are increasingly turning to sleeves, training kits, and other commercial assets to maintain betting partnerships. Everton FC has renewed its…
The regulator said the National Council on Problem Gambling's partnership with Kalshi conflicts with its mission to protect consumers and support responsible gaming. The regulator said the National Council on Problem Gambling's partnership with Kalshi conflicts with its mission to protect consumers and support responsible gaming. The Michigan Gaming Control Board (MGCB) has withdrawn its…
Kalshi and Polymarket faced new legal battles as states advanced taxes, Congress proposed new restrictions, and traditional finance moved further into prediction-style markets. Kalshi and Polymarket faced new legal battles as states advanced taxes, Congress proposed new restrictions, and traditional finance moved further into prediction-style markets. This week marked another busy period for the prediction…
