3+ day, 14+ hour ago   (654+ words) Unlike several other state regulators that resigned their memberships from the National Council on Problem Gambling following a controversial donation by Kalshi, Massachusetts has opted to stay, at least for now. “When it comes up for renewal, I’m sure we’ll…...

3+ day, 18+ hour ago   (110+ words) New York: VGW pays $8 million for illegal gambling operation CDC Gaming Following a cease-and-desist letter sent in June last year, online sweepstakes casino operator VGW Holdings has been forced to pay New York regulators a fine totaling $8 million, including penalties…...

3+ day, 19+ hour ago   (107+ words) Prediction markets should be taxed as gambling, academic paper says CDC Gaming If it’s a day ending in “Y,” there’s going to be discussion of whether prediction market profits should be taxed as investments or taxed…...

4+ day, 14+ hour ago   (568+ words) Underdog has filed lawsuits in five states seeking to preemptively block them from trying to shut down its sports-event contracts, a decision that was made after the company surrendered its daily fantasy sports (DFS) licenses in seven states. The lawsuits…...

4+ day, 18+ hour ago   (125+ words) Iowa can continue to regulate Kalshi under the state’s gambling law, a judge ruled. US District Judge Stephen Locher said the prediction market was unlikely to win its claim that federal law pre-empts state law. A federal judge in Iowa…...

4+ day, 19+ hour ago   (117+ words) Nevada: Football is back. So are prediction markets, but not here CDC Gaming Westgate SuperBook Manager John Murray scanned the room Saturday afternoon and admitted last year's opening weekend of college football drew a much larger betting audience because there…...

4+ day, 20+ hour ago   (1037+ words) Already this year, prediction market odds have gotten tangled up with real-life elections, and it is quickly becoming a hot topic for election administrators, who for years have battled misinformation and conspiracy theories. Their concerns are broad, but many revolve…...

5+ day, 14+ hour ago   (467+ words) Robinhood has agreed to pull its sports-event contracts out of Michigan, at least until at least the U.S. Court of Appeals for the Sixth Circuit rules on appeals involving the company, Coinbase, and Kalshi, as well as a state court case…...

5+ day, 16+ hour ago   (134+ words) Kalshi underwent another legal defeat, as the U.S. 10th Circuit Court of Appeals denied the company’s emergency motion for injunction pending appeal U.S. District Judge Robert J. Shelby previously denied Kalshi’s motion for a preliminary injunction in the state Utah is now…...

5+ day, 16+ hour ago   (133+ words) New Mexico tribe and pueblos wrap up case that Kalshi sports betting hurts their sovereignty CDC Gaming Three New Mexico pueblos and one tribe on Friday wrapped up their closing arguments that a federal judge should step in to prohibit…...