A federal judge in Utah has ruled that the state can apply its gambling laws to Kalshi, the prediction market platform, rejecting the company's argument that its contracts are financial instruments rather than gambling. Judge Robert Shelby of…
The Japanese government is considering issuing geoblocking orders against online casino platforms, according to a report from the Yomiuri Shimbun. The Ministry of Internal Affairs and Communications has not ruled out the possibility, despite reservations from critics.The ministry…
A federal judge in Wisconsin has denied the Commodity Futures Trading Commission's (CFTC) request to block the state from enforcing its gambling laws against prediction market operators. The court ruled that sports-event contracts are unlikely to constitute swaps…
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 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…
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 implement a geofencing solution from third-party vendor GeoComply to prevent Nevada residents from accessing its contracts on elections, entertainment, or sporting events. The Nevada Gaming Control Board (NGCB) has given Kalshi…
Alberta's regulated online gambling market has launched with strong early engagement, according to data from GeoComply. The geolocation compliance firm recorded over 3.2 million geolocation checks during the first week of operations, as users logged in or attempted…
The UK Gambling Commission (UKGC) has published the findings of its license review into Evolution's £4.75 million regulatory settlement, detailing failures in anti-money laundering (AML) controls and third-party oversight. The regulator concluded that inadequate AML risk assessments, weak…