WASHINGTON – Prediction markets have grown tremendously in popularity over the past few years, but not without plenty of controversy on the legal side of things. The Commodity Futures Trading Commission (CFTC) is the federal agency responsible for regulating such prediction markets and has come … Read more
LAS VEGAS – Nevada continues to be one of the most aggressive states in terms of regulating prediction markets, as a preliminary injunction was granted against Polymarket last Friday. First Judicial District Court Judge Jason Woodbury ruled against the prediction market platform, forcing the operator … Read more
WASHINGTON – The Protect College Sports Act hearing was held in the Senate Commerce Committee today, a bill that could fundamentally shift college sports. That also means a big change for one of the most popular forms of legal sports betting; college sports. The Protect … Read more
NEW YORK – Legislators in the state of New York are making an effort to protect sports bettors in a way that no other state has done. Senate Bill S9415, which is now Assembly Bill A10329, will require sports betting sites in New York to … Read more
A section of the U.S. defense draft bill seeks to ban military insider trading on prediction markets. See how military insider trading on war will be shut down.
Illinois prediction market regulation became a part of their budget bill. See how Illinois now requires prediction markets to acquire a license.
PROVIDENCE, R.I. – Lawsuits continue to pile up when it comes to prediction markets, as the Commodity Futures Trading Commission (CFTC) is now suing the state of Rhode Island for filing lawsuits against Kalshi and Polymarket. Last week, Attorney General Peter F. Neronha filed lawsuits … Read more
RALEIGH, N.C. – North Carolina Governor Josh Stein signed Executive Order 37 on Wednesday, which prevents state employees from using nonpublic information to purchase any contracts at online prediction markets related to their work. In addition to banning state employees from using nonpublic information to … Read more
HARTFORD, Conn. – A pair of Connecticut sports betting bills were signed into law by Governor Ned Lamont that attempt to make betting on sports safer. The pair of bills combine to require Connecticut sports betting operators to offer a support line, add more provisions … Read more
WASHINGTON – U.S. President Donald Trump has joined the prediction market regulatory battle and is siding with the Commodity Futures Trading Commission. Amid numerous states pushing for localized regulation, Trump says prediction markets should be exclusively federally regulated by the CFTC. pic.twitter.com/W4ZqJxO1KR— Rapid Response 47 … Read more
BATON ROUGE, La. – Legislators in Louisiana are making big strides to uphold sportsmanship amongst sports bettors, sending a bill against sports betting related harassment of athletes to the desk of Governor Jeff Landry. SB 325 – which aims to “exclude certain persons from participating … Read more
PROVIDENCE, R.I. – Rhode Island Attorney General Peter Neronha issued a lawsuit against Kalshi and Polymarket late Thursday afternoon. Before they could sue the prediction market operators, Kalshi beat Rhode Island to the punch with a preemptive lawsuit. Kalshi wants protection through an injunction and … Read more