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
MADISON, Wisc. – Wisconsin is the latest state to add to a pile of lawsuits on Kalshi’s desk. Attorney General Joshua Kaul’s lawsuit against the prediction company also includes Robinhood and Coinbase, claiming that these prediction market apps facilitate illegal sports betting through trading sports … Read more
Coinbase sued Michigan regulators to prevent state gambling laws from applying to prediction markets it claims fall under federal jurisdiction. Michigan officials warned operators that offering sports event contracts would threaten their licenses, but DraftKings and FanDuel launched anyway. The dispute will likely reach the … Read more
Wyoming passed legislation to regulate sports betting. Wyoming legislation allows cryptocurrencies to be used to bet on sports. North Carolina lawmakers are now considering bringing cryptocurrencies to sportsbooks. CHEYENNE, Wyo. – Wyoming may have changed the sports betting game with the passing of HB 133. … Read more
American sportsbooks are hesitant to accept Bitcoin and other cryptocurrencies because of their fluctuating value. Bitcoin users will often see their payouts go up or down depending on the value of BTC at the end of an event so their winnings are not straight up … Read more