Tag Archives: over

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

Oxford Casino takes Maine to court over allowing tribes to operate iGaming

Oxford Casino takes Maine to court over allowing tribes to operate iGaming Sophie Atkinson     Suswati Basu       The Oxford Casino, based in Maine, has filed a federal lawsuit which challenges “efforts to grant a monopoly on online casino-style gambling (“iGaming”) to four specially selected Indian Tribes.” This comes after Governor Mills, … Continue reading Oxford Casino takes Maine to court over allowing tribes to operate iGaming

Tribes, AGA, and 27 states challenge Kalshi over the limits of federal gambling law

Tribes, AGA, and 27 states challenge Kalshi over the limits of federal gambling law Brian-Damien Morgan     Suswati Basu     Twenty-seven US states have backed tribal appellants in a federal gambling law case against Kalshi that could help define the future trajectory of gambling regulation across the United States. As market analysts and … Continue reading Tribes, AGA, and 27 states challenge Kalshi over the limits of federal gambling law

Kalshi faces class-action lawsuit over ‘deceptive’ claims denying gambling platform status

Kalshi faces class-action lawsuit over ‘deceptive’ claims denying gambling platform status Joel Loynds   Suswati Basu     A group of regular Kalshi users, some of whom are self-professed addicts, have filed a class-action lawsuit against the prediction market over its claims that it is not a betting platform. Alexander Hallman, Jeremy Kravetz, Daniel Greenberg, … Continue reading Kalshi faces class-action lawsuit over ‘deceptive’ claims denying gambling platform status