Kalshi secured a significant legal victory after the U.S. Court of Appeals for the Third Circuit ruled 2–1 to uphold an injunction blocking New Jersey from enforcing its gambling laws against the prediction market platform. The decision marks the first time a federal appellate court has ruled on whether state sports betting laws apply to […]
The U.S. government has sued Arizona, Connecticut and Illinois in a bid to block their efforts to regulate prediction markets, arguing that such oversight falls exclusively under federal jurisdiction. The lawsuits, filed under President Donald Trump’s administration, mark the first time the Commodity Futures Trading Commission (CFTC) has moved to stop state gaming regulators from […]
A federal appeals court ruled on Monday that New Jersey gaming regulators cannot prevent Kalshi from allowing people in the state to use its prediction market to place financial bets on the outcome of sporting events. A three-judge panel of the Philadelphia-based third US circuit court of appeals ruled 2-1 in finding that the US […]
Milwaukee Mayor Cavalier Johnson has come out against the proposed Menominee casino in Kenosha, joining the Forest County Potawatomi Community in opposition. “In southeast Wisconsin, the Potawatomi Hotel and Casino already serves this area,” he said in an interview with Milwaukee Journal Sentinel. “We don’t need another casino.” Johnson emphasized the economic contributions of the […]
A Nevada state court has granted a preliminary injunction against Coinbase, barring the company from offering event-based prediction contracts in the state, in a ruling that underscores growing legal tensions over the regulation of such platforms in the United States. The decision, issued by the First Judicial District Court of the State of Nevada on […]