Kalshi Faces $36 Billion Lawsuit from New York AG James
Ohio regulators planned to fine Kalshi $5 million for operating sports gaming without a license, but New York AG James is now seeking $36 billion in damages on behalf of the state.
Ohio regulators planned to fine Kalshi $5 million for operating sports gaming without a license, but New York AG James is now seeking $36 billion in damages on behalf of the state.
A panel of judges in the U.S. Court of Appeals for the Sixth Circuit heard oral arguments from representatives of Kalshi and the states of Ohio and Tennessee on Thursday after split decisions in federal courts about whether the company should be allowed to offer sports prediction markets in the stat
After announcing plans to initiate a legislative effort to ban online betting in Ohio, several lawmakers have introduced a measure that aims to make sweeping changes.
The Ohio Casino Control Commission (OCCC) is moving forward with a rule that would prohibit sports bettors in the state from funding wagers with credit cards, according to a spokesperson for the agency.
After weeks of contemplation, the Ohio Casino Control Commission (OCCC) has officially announced its intention to ban the use of credit cards for sports betting in the state.
It’s been another week of lawsuits and more suits in the world of prediction markets.
A group of Ohio lawmakers has introduced a bill that would ban online sports betting and impose sweeping restrictions on legal wagering in the state.
Kalshi vs. Ohio has been one of the busier prediction market court battles, and the company stepped up the conflict with a fresh lawsuit on Monday.
Ohio lawmakers are considering regulating prediction markets to allow them to obtain sports betting licenses.