The battle for control of the prediction markets space is heading to the Supreme Court, say US lawyers, with some claiming the Commodity Futures Trading Commission (CFTC) may have a key advantage over the states.
A preliminary ruling by the Supreme Court of the Netherlands has quashed the ambitions of players seeking refunds from operators previously active in the country without a license.
An ongoing dispute over a proposed casino in Rockingham County is headed to North Carolina’s Supreme Court.
The Pennsylvania Supreme Court has ruled that skill games are subject to the state’s Gaming Act and Crimes Code, overturning lower court decisions that had allowed the machines to operate outside slot machine regulations.
US federal prosecutors are seeking a lengthy prison term for former Supreme Court lawyer Thomas Goldstein, convicted of multiple tax and financial crimes for his high-stakes poker endeavors.
DraftKings does not possess a crystal ball that shows how the CFTC or Supreme Court will settle the long-term future of prediction markets in the United States.