The pushback against prediction markets is intensifying, with former Commodity Futures Trading Commission (CFTC) chair Gary Gensler and the Chicago Mercantile Exchange (CME) joining the list of opponents. The growing opposition highlights ongoing regulatory and industry concerns over…
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the state of Kentucky, marking the ninth state the federal regulator has taken legal action against in its ongoing effort to assert authority over prediction markets. The…
The Massachusetts Gaming Commission (MGC) has unanimously approved a US$25,000 fine against MGM Springfield for improperly offering wagering on a college baseball game. The penalty stems from the casino briefly offering betting on a Northeastern University baseball game…
A new survey conducted by Politico and Public First has revealed a significant divergence in American attitudes toward prediction markets, with sports-related contracts receiving majority support while election-linked markets face considerable public resistance. The poll, which surveyed a…
The Lumbee Tribe of North Carolina has voted to reject a constitutional amendment that was considered a crucial step toward developing a tribal casino resort along Interstate 95. The vote, which took place on Tuesday, effectively stalls the…
The Commodity Futures Trading Commission (CFTC) has initiated legal action against the state of Kentucky, while prediction market operator Kalshi has separately filed a lawsuit against Illinois. These legal challenges come in response to recent state-level measures that…
Sweepstakes casino operators are withdrawing from Iowa and Indiana as both states prepare to enforce new laws targeting the industry. The exodus follows legislative moves in Iowa, where lawmakers approved a bill empowering the Iowa Racing and Gaming…
MGM Resorts International and BetMGM have renewed their partnerships with Major League Baseball (MLB), extending their relationship as official partners of the league. Under the renewed agreements, MGM Resorts will continue as MLB's exclusive Integrated Resort & Casino…
A new poll conducted by U.K. polling firm Public First and published by POLITICO has found that a significant portion of Americans are uncomfortable with political prediction markets, even as the industry pushes for growth. The survey indicates…
The Commodity Futures Trading Commission (CFTC) has modified its federal lawsuit against the state of Illinois over Senate Bill 3019, a piece of legislation that would impose a tax and licensing fee on prediction market operators. The bill,…