States Get Prediction Markets Jurisdiction Under Cruz’s Bill

States Get Prediction Markets Jurisdiction Under Cruz’s Bill

DALLAS – A planned bill from U.S. Senator Ted Cruz would require prediction markets to be authorized by state or tribal government. Cruz’s legislation would prevent federally-regulated prediction markets like Kalshi from avoiding state gambling laws to offer their sports-event contracts. Cruz, a U.S. Senator … Read more

New Google Policy Bans Prediction Market Ads In 5 States

New Google Policy Bans Prediction Market Ads In 5 States

LOS ANGELES – Google’s new advertising policy includes a section for prediction markets and bans these platforms from advertising across five states. Google made the change “due to the inherent complexities, speculative nature, and unique regulatory classification involved in trading Prediction Market contracts,” so now … Read more

Nevada AG Cites Kalshi In Gov. Race Despite Opposing Them

Nevada AG Cites Kalshi In Gov. Race Despite Opposing Them

LAS VEGAS – Attorney General Aaron Ford offered up an awkward policy contradiction in his campaign for governor. While Ford’s office actively battles against prediction markets, he’s touting Kalshi odds in campaign efforts. The issue arose when AG Ford sent an email referencing Kalshi’s odds … Read more

Michigan, Ohio, Kentucky Ramp Up Prediction Market Attack

Michigan, Ohio, Kentucky Ramp Up Prediction Market Attack

DETROIT – States are capitalizing on their Sixth Circuit win against Kalshi, which opened the door for states to enforce their gambling laws against sports-event contracts. Michigan, Ohio, and Kentucky ramped up their enforcement battles with prediction market operators in recent days. Michigan Wants Kalshi … Read more

Dodd, Gensler Tell SCOTUS Their Act Didn’t Make CFTC Regulator

Dodd, Gensler Tell SCOTUS Their Act Didn’t Make CFTC Regulator

WASHINGTON – The Senator and CFTC chairman responsible for the implementation of the 2010 Dodd-Frank Act told SCOTUS that the act didn’t grant the Commodity Futures Trading Commission as a regulator for sports betting. The pair of important figures made their points clear in respective … Read more

NFL And 39 States Line Up Behind New Jersey Against Kalshi

NFL and 39 States Line Up Behind New Jersey Against Kalshi

NEW YORK – The National Football League took to the Supreme Court of the United States (SCOTUS) to fight for state regulation of prediction markets. The amicus brief supports New Jersey regulators in their battle against Kalshi. The NFL argues that prediction markets offer sports … Read more