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
WASHINGTON – Wednesday’s U.S. Senate subcommittee hearing titled “No Sure Bets: Protecting Sports Integrity in America” was a lopsided battle between those speaking against and in favor of prediction markets. Those wanting more regulation for prediction markets included witnesses like American Gaming Association (AGA) President … Read more
MINNEAPOLIS – Minnesota Governor Tim Walz signed SF 4760 into law on Monday, which would ban prediction markets from offering specific event contracts on sports and other markets in the state. Now, the CFTC has responded with a lawsuit in an attempt to block the … Read more
BIRMINGHAM, Ala. – Two senators are pushing for a ban on digital sports betting advertisements that target children. The Gaming Advertisement to Minors Enforcement (GAME) Act would ban these ads from appearing on social media platforms like TikTok and Instagram. It’s no secret that teenagers … Read more
WASHINGTON – On the morning of May 14, 2018, the Supreme Court of the United States handed down Murphy v. NCAA and ended Nevada’s 26-year monopoly on legal sports betting. Eight years later, questions surrounding who would profit and under what rules have been answered… … Read more
OKLAHOMA CITY – Oklahoma Governor Kevin Stitt vetoed a bill to ban sweepstakes casinos in the state after it unanimously passed through the Senate and by a majority in the House. Sweepstakes casinos offer dual-currency options, meaning players can use forms of currency with no … Read more
HARRISBURG, Penn. – Another state has joined in the fight to regulate prediction markets, as Pennsylvania lawmakers aim to pass new legislation taking aim at the controversial platforms. House Bill 2497 is a proposed act to amend Title 4 of the Pennsylvania Consolidated Statutes. It … Read more