A new Pennsylvania bill aims to regulate skill games with consumer protections, including loss limits, play restrictions, and local control. The vertical currently remains outside the regulated gaming system, which has prompted legislators to explore alternatives. Machines commonly placed in convenience stores, bars, and gas stations continue to operate without state oversight. This status has […]
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 […]
The US government sued Illinois on Thursday to stop what it described as the state’s unlawful efforts to regulate prediction markets. The booming industry of online prediction markets – which allow users to bet on virtually anything from Oscar winners to the weather to ongoing military conflicts – has been facing greater scrutiny as companies […]