Will the current debate over prediction markets and their place as unlicensed sportsbooks end up with a Federal entry into the US gaming market? That's a prediction that MGM Resorts International CEO and president William J. Hornbuckle IV made at the the East Coast Gaming Congress in Atlantic City last week. Hornbuckle was one of…
Yet another US State is taking a closer look at event prediction operators and whether or not they are operating as unlicensed sportsbooks. Earlier this week the Michigan Gaming Control Board (MGCB) announced that it is investigating event prediction operators such as Kalshi and Robinhood to make a final determination on their place in the…
The State of Hawaii moved to closer to its first form of legal gambling late last week when its Senate approved HB1308. Under the terms of the bill, the Aloha State would offer legalized online sports betting and daily fantasy sports (DFS). If passed into law, HB1308 would provide a framework for at least four…
Events contract operator Kalshi clocked a big win against the Nevada Gaming Control Board (NGCB) late last week when a Nevada court ruled the NGCB does not have regulatory authority over predictions markets. In his ruling on the matter, Chief Judge Andrew Gordon said that Kalshi's operations are governed by the Commodities Futures Trade Commission,…
Who has the right to regulate events prediction markets, the states, or the federal government? That's the question at the heart of a dispute between events prediction giant Kalshi and the Nevada Gaming Control Board (NGCB). The battle took an interesting turn earlier this week when the NGCB threw Kalshi's own arguments right back in…
One of the most lucrative prizes in the American sports betting rush has always been the State of California. With its 39 million residents, California is the most populated state in the US, but any road to Golden State sports betting must pass through Indian Country, and that's something that Big Sports Betting is finally…
The City of Baltimore filed a lawsuit against DraftKings and FanDuel operator Flutter Entertainment for engaging in “deceptive” practices to attract and retain customers. It’s the first time that a US municipality has sued a sports betting operator for its marketing techniques. Baltimore Mayor Brandon Scott laid out the case against DraftKings and FanDuel…
If you ever dreamed of gambling the night away in a casino in Stockholm, Sweden, you'd better do it soon. Earlier this week Swedish lawmakers in the Riksdag voted to shutter the Casino Cosmopol, the country's sole, land-based casino. It's a move that marks the end of an era in Sweden and reflects the larger,…
Events predictions operator Kalshi is going to have its day in court against state gaming regulators that have banned events predictions markets in their jurisdictions. Late last week, Kalshi filed lawsuits against the the Nevada Gaming Control Board (NGCB) and the New Jersey Division of Gamine Enforcement (DGE) Gaming Control Board (NGCB) and the New…
Daily Fantasy Sports (DFS) operators are asking Illinois lawmakers to take it easy on them and not give preferential treatment to sportsbooks. The requests were made last week at a meeting of the Illinois Senate Gaming, Wagering and Racing Committee where the topic of DFS legalization was on the agenda. Illinois lawmakers are currently considering…
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