Bill Can Ban Military Insider Trading on Prediction Markets
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.
Legal
Illinois Prediction Market Regulation Bill Enacted in Budget
Illinois prediction market regulation became a part of their budget bill. See how Illinois now requires prediction markets to acquire a license.
Rhode Island, CFTC In Legal Battle Over Prediction Markets
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
NC Governor Stein Signs Prediction Market Restriction Law
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
CT Bills Approve Prediction Market Study, Ad Restrictions
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
Trump Siding With Prediction Markets, CFTC Exclusive Regulation
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
Louisiana Cracking Down On Sports Betting Harassment
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
Rhode Island, Kalshi Exchange Lawsuits Over Sports Contracts
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
CFTC, Prediction Markets Shredded in US Senate Meeting
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
CFTC Sues Minnesota After Gov Signs Prediction Ban Into Law
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
Betting Ads Targeting Children Face $100K Fines In This Bill
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
Legalized, Taxed, Threatened: The 8-Year Reality of Post-PASPA Sports Betting
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