CFTC Sues Rhode Island Over Prediction Market Dispute
The Commodity Futures Trading Commission (CFTC) is responding with a lawsuit to legal action levied against two prediction markets by Rhode Island’s attorney general.
Rhode Island
Rhode Island Expands Online Sports Betting with Bally’s License
Rhode Island will soon expand its online sports betting market after the Rhode Island Lottery awarded Bally’s Corporation a tentative five-year license to operate a second digital sportsbook in the state.
Rhode Island Sues Kalshi and Polymarket Over Sports Event Contracts
Rhode Island Attorney General Peter F. Neronha sued prediction market operators Kalshi and Polymarket in state court on Thursday, alleging their sports event contracts violate state gambling laws because they function like traditional sports betting.
Rhode Island AG Sues Kalshi and Polymarket
Rhode Island is the latest state to take legal action against prediction markets that offer sports event contracts that resemble state-sanctioned online sports wagers.