Tag: Legal
California: Gaming tribes urged to enlist city, county attorneys in prediction market battle
Kalshi’s decision to seek a rehearing of a federal appeals court ruling is likely to fail, according to a veteran gaming attorney. Earlier... more
U.S. Appeals Court blocks sports-event contracts on California tribal lands
A federal appeals court ruled in favor of two California tribes Wednesday, blocking Kalshi from offering sports-event contracts on their... more
CDC Gaming: Inside the latest prediction market developments
North American Derivatives Exchange, known as Crypto.com, joins with Robinhood in filing with the U.S. Supreme Court seeking review of the... more
Massachusetts: Regulators opt to stay with NCPG, for now
Unlike several other state regulators that resigned their memberships from the National Council on Problem Gambling following a... more
Underdog sues five states, abandons DFS licenses
Underdog has filed lawsuits in five states seeking to preemptively block them from trying to shut down its sports-event contracts, a... more
Illinois: Bill seeks to remove prediction market tax
As part of its state budget, Illinois amended its sports betting law to tax and treat certain sports-event contracts offered on prediction... more
Michigan: Robinhood pulls sports event contracts as court cases continue
Robinhood has agreed to pull its sports-event contracts out of Michigan, at least until at least the U.S. Court of Appeals for the Sixth... more
Red Rock Casino must bargain with workers after U.S. Supreme Court denies appeal
The U.S. Supreme Court has denied an emergency request from Red Rock Casino for a stay of a lower court decision requiring the gaming... more
Wall Street Bets: Gaming industry stocks, prediction markets
Daniel Politzer of J. P. Morgan on September 8 looked at gaming industry stocks prospects: “August was a rough month for gaming stocks. On... more
CDC Gaming: Inside the latest prediction market developments
Mike Dreitzer, chairman of the Nevada Gaming Control Board (NGCB), made it clear that the agency’s opposition to prediction markets... more

