Cayuga Nation Sues Caesars Over Alleged Sports Betting on Tribal Lands
The Cayuga Nation of New York sued Caesars Entertainment in federal court on Tuesday, alleging that the company offered online sports betting on tribal lands.
Regulation
California and Minnesota AGs Challenge CFTC on Prediction Markets
California and Minnesota attorneys general are challenging the Commodity Futures Trading Commission’s (CFTC) approach to regulating prediction markets, arguing the federal agency is not equipped to handle gambling-related harms such as addiction and social costs.
GOP bill seeks to ban Congress from political prediction market
A Republican member of Congress has introduced the latest bill aimed at limiting how elected officials can use prediction markets.
Kentucky Attorney General Files Lawsuits Against Kalshi, Polymarket,
Kentucky Attorney General Russell Coleman has filed three lawsuits in Franklin Circuit Court targeting alleged illegal sports betting and online gambling operations in the state.
Kentucky Attorney General Files Lawsuits Against Kalshi, Polymarket,
Days after being sued by a prediction markets coalition, Kentucky's attorney general launched three new lawsuits targeting 'illegal sports betting and gambling' offered by Kalshi, Polymarket, and VGW.
Brazil Launches Coordinated Raids on Illegal Gambling Operations
A major cross-state coordinated investigation into an illegal gambling ring has been launched by Brazilian authorities.
California Man Sentenced to Prison for Illegal $4M Gambling Scheme
Jason Noah Feinman from Calabasas, California, was sentenced Tuesday to 27 months in federal prison after being convicted of operating an illegal offshore gambling enterprise, laundering money, and evading taxes on more than $4 million, according to the US Department of Justice.
Kentucky to Sue Kalshi & Polymarket for Providing Illegal Sportsbooks
Kentucky has become the latest state to sue prediction market players like Kalshi and Polymarket, accusing them of operating illegal sportsbooks.
Russia's Upper House Passes Online Casino Blocking Law
Russia’s upper parliamentary house, the Federation Council, has approved a draft law to fast-track the issuance of access-blocking orders for online casinos.
Europe unites to block prediction markets
Nine European countries have formed a coalition to monitor and prevent prediction market activities during the FIFA World Cup.
New Jersey Lawmakers Propose Regulation for Prediction Markets
A pair of lawmakers in New Jersey introduced legislation aimed at regulating prediction markets and creating a pathway for the platforms to legally offer sports event contracts.
UK Betting and Gaming Council Defends Members Against Illegal Market
The UK’s Betting and Gaming Council (BGC) has sternly defended its members amid a report accusing them of black market activity.