The battle over prediction markets intensifies as the NFL, NBA, and 44 state attorneys general weigh in on CFTC rulemaking, while Minnesota's legal landscape remains uncertain. Elsewhere, the UK Gambling Commission faces criticism from the BHA over FRA…
The National Football League has urged the Commodity Futures Trading Commission to strengthen proposed rules governing sports prediction markets, arguing that the current draft does not adequately protect the integrity of sporting events and fans. The NFL is…
A Minnesota judge has blocked the state from enforcing new laws against prediction markets, but a gaming lawyer warns that Minnesota could still enforce sports betting laws against platforms like Kalshi and Polymarket. The ruling initially appeared to…
Illinois has taken a significant public health step by classifying gambling disorder as an addiction, opening new treatment avenues. Meanwhile, prediction markets are at a legal crossroads, with a Minnesota judge blocking a ban and the NFL urging…
Illinois Governor J.B. Pritzker has signed Senate Bill 2749 into law, officially classifying gambling disorder as an addiction under state law. The bill, which took effect immediately upon Pritzker's signature on July 24, represents a significant legislative win…
Estonia's Ministry of Economic Affairs and Communications has signalled growing concern over the rise in gambling advertisements in the country, with the consumer protection watchdog raising compliance issues. The ministry has indicated that reforms are being developed to…
Regulators in the US, UK, and beyond are ramping up scrutiny of prediction markets and gambling compliance, with Pennsylvania proposing a new framework and the CFTC issuing advisories on self-certification. Meanwhile, the UK Gambling Commission pledges transparency on…
Pennsylvania Representative Tarik Khan has introduced House Bill 2711, a bipartisan measure aimed at establishing a state regulatory framework for prediction markets and permitting sports event contracts. The bill has been referred to the Consumer Protection, Technology and…
South Korean financial analysts have downgraded their earnings forecasts for the country's casino operators, citing an impending increase in mandatory contributions to the Tourism Promotion and Development Fund. The government is reportedly planning to raise the contribution rate…
Prediction market operator Kalshi has agreed to deploy third-party geofencing technology to block Nevada residents from trading event-based contracts, following discussions with the state's gaming regulator. The move highlights the growing tension between federally regulated prediction markets and…