Novig sues New York claiming federal law shields sports prediction markets Suswati Basu A federally regulated prediction market operator is asking a federal judge to block New York from enforcing state gambling laws against its sports event contracts, arguing that Congress placed those markets under the exclusive authority of the Commodity Futures Trading … Continue reading Novig sues New York claiming federal law shields sports prediction markets
DraftKings faces second class action over Predictions sports event contracts platform claims Suswati Basu DraftKings is being sued in a second proposed class action that claims its Predictions platform operates as an unlicensed sportsbook, with sports bets packaged for customers as financial-style “event contracts.” The case was filed Monday (August 3) in Massachusetts … Continue reading DraftKings faces second class action over Predictions sports event contracts platform claims
New York sues Kalshi alleging illegal prediction markets defying state gambling laws Suswati Basu New York is taking its fight against prediction markets to court, with Gov. Kathy Hochul and Attorney General Letitia James announcing Friday (July 31) that the state has sued Kalshi, alleging the federally regulated prediction market operator is running … Continue reading New York sues Kalshi alleging illegal prediction markets defying state gambling laws
Federal judge lets Wisconsin continue sports prediction market enforcement fight forward Suswati Basu News Editor A federal judge has refused to block Wisconsin from enforcing its gambling laws against companies offering sports-related event contracts, handing the state an early victory against the US Commodity Futures Trading Commission (CFTC) in a closely watched legal battle … Continue reading Federal judge lets Wisconsin continue sports prediction market enforcement fight forward
DraftKings faces nationwide class action over Predictions platform legality dispute intensifies Suswati Basu DraftKings is facing a proposed nationwide class action accusing the company of running an illegal online sports betting business through its DraftKings Predictions platform in states where traditional online sportsbooks are still prohibited. The complaint, filed July 28 in the … Continue reading DraftKings faces nationwide class action over Predictions platform legality dispute intensifies
Nevada Kalshi suspend contempt hearing while geofencing rollout moves ahead Suswati Basu Nevada and Kalshi have agreed to put an escalating contempt fight on hold after jointly asking the court to cancel a scheduled hearing and instead oversee the rollout of stronger geofencing technology. The agreement shifts the immediate focus from sanctions to … Continue reading Nevada Kalshi suspend contempt hearing while geofencing rollout moves ahead
Council of Europe urges FIFA to tackle betting threats before 2030 World Cup Suswati Basu Betting-related threats should move to the top of football’s agenda once the 2026 FIFA World Cup ends, according to the Council of Europe. On the day of the tournament final, Secretary General Alain Berset called on FIFA to … Continue reading Council of Europe urges FIFA to tackle betting threats before 2030 World Cup
Washington judge clears path for injunction against Kalshi over prediction markets Suswati Basu A Washington judge has ruled that prediction market operator Kalshi likely violated the state’s gambling and consumer protection laws, paving the way for a preliminary injunction that could require the company to stop offering its event-based contracts to Washington residents … Continue reading Washington judge clears path for injunction against Kalshi over prediction markets
Polymarket has reportedly been paying creators to post fake betting videos The Wall Street Journal reviewed 1,105 videos along with guidance given to creators for crafting their posts. By Cheyenne MacDonald June 21, 2026 Polymarket In case you needed another reason to be wary of those videos showing people winning big on Polymarket, an investigation … Continue reading Polymarket has reportedly been paying creators to post fake betting videos
Steil introduces bill restricting congressional prediction market trades Suswati Basu A new House proposal would block members of Congress and their immediate families from taking part in certain prediction market trades linked to government decisions, political developments, and information obtained through public service. House Administration Committee Chairman Bryan Steil introduced the Stop Lawmakers … Continue reading Steil introduces bill restricting congressional prediction market trades
