Nevada problem gambling groups support state in legal battle over prediction platforms

Nevada problem gambling organizations have joined a legal fight over prediction platforms, filing briefs in support of state regulators in a dispute over whether the operators fall under state gaming laws or federal oversight. The Nevada Council on Problem Gambling and the Dr. Robert Hunter International Problem Gambling Center submitted amicus briefs in a case […]

Read More

Surging prediction markets face legal backlash in US: ‘Lines have been blurred’ | Business

State lawmakers and gaming regulators across the US are escalating their fight against prediction markets, arguing that the fast-growing platforms are “basically gambling but with another name”. At least 20 federal lawsuits have been filed nationwide, disputing whether companies such as Kalshi and Polymarket should be treated as federally regulated financial exchanges, as they maintain, […]

Read More