Tag Archives: over

Kalshi sues Iowa officials claiming federal authority over prediction market contracts

Kalshi sues Iowa officials claiming federal authority over prediction market contracts Suswati Basu     A federally regulated prediction market is taking Iowa officials to court, arguing the state is threatening to crack down on trading activity that federal law already oversees. Kalshi, a New York–based derivatives exchange, filed a complaint in the U.S. District … Continue reading Kalshi sues Iowa officials claiming federal authority over prediction market contracts

MLS issues lifetime bans to two former players over betting scandal

MLS issues lifetime bans to two former players over betting scandal Suswati Basu     Major League Soccer has permanently banned two former players after investigators concluded they gambled on league matches and passed along insider details to other bettors. The league announced Monday (March 9) that Derrick Jones and Yaw Yeboah received lifetime suspensions … Continue reading MLS issues lifetime bans to two former players over betting scandal

Wynn Resorts faces federal class action over alleged massive data breach

Wynn Resorts faces federal class action over alleged massive data breach Suswati Basu     One of Las Vegas’ biggest casino operators is now facing a sweeping federal class action after hackers claimed they made off with a massive trove of customer data. In a lawsuit filed in U.S. District Court in Las Vegas and … Continue reading Wynn Resorts faces federal class action over alleged massive data breach

Oregon class action lawsuit targets Kalshi over alleged illegal sports betting platform operations

Oregon class action lawsuit targets Kalshi over alleged illegal sports betting platform operations Suswati Basu     Prediction market company Kalshi is now battling a string of class action lawsuits that accuse it of operating what amounts to unlicensed sports betting. The cases, filed in several states, argue that the company’s online trading platform crosses … Continue reading Oregon class action lawsuit targets Kalshi over alleged illegal sports betting platform operations

Ari Borod joins Polymarket after legal fight with Fanatics over noncompete

Ari Borod joins Polymarket after legal fight with Fanatics over noncompete Suswati Basu     Aron Borod, also known as Ari, is now officially at Polymarket, and the once-sealed court fight over his departure from Fanatics is coming into sharper focus. On Thursday (February 19), Polymarket confirmed it had brought Borod on board as president … Continue reading Ari Borod joins Polymarket after legal fight with Fanatics over noncompete

Norway fines Norsk Tipping $105K over anti-money laundering failures

Norway fines Norsk Tipping $105K over anti-money laundering failures Suswati Basu       Norway’s state gambling operator has been ordered to pay a NOK 1 million ($ 105,000) fine after regulators concluded it fell short of key anti-money laundering obligations. In a decision dated Thursday (February 12), the Norwegian Lottery Authority (Lottstift) said Norsk … Continue reading Norway fines Norsk Tipping $105K over anti-money laundering failures