Kalshi Sues Arizona in Preemptive Sports Event Contract Battle

Kalshi has filed a lawsuit in U.S. District Court against Arizona Attorney General Kristin K. Mayes and several Arizona Department of Gaming officials Kalshi filed a complaint for permanent injunction and declaratory relief to keep the state from taking action against its event contracts The Arizona Department of Gaming previously sent Kalshi a cease-and-desist notice in […]

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Arizona Revokes Underdog’s Fantasy Sports License

The Arizona Department of Gaming notified Underdog on Dec. 5 of its intent to revoke the company’s fantasy sports contest license The decision stems from Underdog’s partnership with Crypto.com and its recent prediction market offerings Underdog will have the opportunity to request a hearing on the decision The Arizona Department of Gaming has notified Underdog […]

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Gaming Boards Taking Steps to Avoid Sports Betting Manipulation

Several state gaming commissions are evaluating their sports betting markets for potential manipulation and may take action in the future Regulators are open to suggestions from professional sports leagues to make markets safer for consumers The New York State Gaming Commission has pledged to eliminate sports betting markets “susceptible to manipulation” Following several sports betting […]

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