Washington won a preliminary injunction against Kalshi in a King County Superior Court order filed July 20. The order holds the Commodity Exchange Act does not preempt Washington gambling law on express, field or conflict grounds. It reads federal law to allow event contracts to … Read more
WASHINGTON – Prediction markets offering sports event contracts could soon be over. During tomorrow’s Congressional hearing on sports prediction markets, the Indian Gaming Association (IGA) and American Gaming Association (AGA) will pursue an outright ban of these “sports event contracts”, according to their written testimonies … Read more
Rep. Josh Gottheimer introduced the Facial Recognition to Protect Children Act on July 15 with eight bipartisan cosponsors. The measure would force sportsbooks and prediction markets to scan a user’s face to estimate age before a wager. Despite its name, the bill relies on facial … Read more
WASHINGTON – The man who often made the final touches to President Donald Trump’s speeches allegedly made more than $100,000 betting on those same speeches with Kalshi, a prediction market operator. Gabriel Perez wagered on the “Mentions” market at the popular prediction market, betting on … Read more
DETROIT – Kalshi has got themselves into quite a pickle, being forced to choose between violating state law or violating federal law based on recent developments. A Michigan court order prevented Kalshi from offering sport event contracts in the state, but the CFTC rejected an … Read more
PHOENIX – A new executive order from Arizona Governor Katie Hobbs prohibits insider trading by state employees for the use of prediction market platforms. Executive Order 2026-02 specifically prevents executive branch employees of the state of Arizona from using information not currently available to the … Read more
LAS VEGAS – Charges have been filed against a former DraftKings employee relating to an alleged betting scheme in which a player on the Fresno State men’s basketball team purposely manipulated his stats at legal sports betting sites. Samuel Silverman, formerly a DraftKings employee working … Read more
RALEIGH – The new state budget for North Carolina has major implications on legal sports betting sites in the state, including an increased tax on sports betting related wagers and a brand new tax on prediction markets. Senate Bill 257 will increase the state’s sports … Read more
DETROIT – Malik Beasley and Ed Davis’s Monday indictment on federal gambling charges are just the latest mark on an unmistakable systemic crisis within the NBA and all professional sports leagues in America . The advancement of legal sports betting since 2018 has led to … Read more
HOLLYWOOD, Fla. – The Major League Baseball Players Association (MLBPA) wants all the financial benefits of sports betting without any of the negatives. Thursday’s proposal requests a ban on prop betting for individual players, while also asking the MLB if players can endorse and get … Read more
RALEIGH, N.C. – A new tax bill in the state of North Carolina is tightening up reporting on sports betting winnings. On Wednesday, the North Carolina Department of Revenue passed Senate Bill 595, which allows the state to request information from operators about sports betting … Read more
HARRISBURG, Penn. – In an attempt to curb underage gambling, a Pennsylvanian politician proposed a bill that would prevent online sports betting and online casinos on school grounds, from kindergarten to high school. HB 2631, introduced by Rep. Jason Ortitay, would require legal sports betting … Read more