News page 22 of 30

Operators Tags

25 Sep New York sues Polymarket, which counters with federal challenge The state says sports event contracts amount to unlicensed gambling, while Polymarket says its products are federally regulated derivatives.
25 Sep Polymarket sues New York to block state regulation The filing followed Attorney General Letitia James’s same-day lawsuit accusing the prediction-market platform of promoting illegal gambling.
24 Sep Kalshi’s Montana lawsuit is dismissed, but enforcement remains possible A joint stipulation ends the federal case while requiring notice before Montana can pursue potential action against the prediction-market operator.
24 Sep CFTC says person-based prediction contracts are presumptively vulnerable to manipulation The staff advisory stops short of banning “mention markets” but demands contract-specific safeguards and scrutiny
23 Sep California tribal gaming group assails Tunica-Biloxi’s SaltTrade launch CNIGA says the Kalshi-backed prediction-market venture cannot alter the legal status of sports-event contracts.
23 Sep Fullstory survey finds prediction markets changing sportsbook use More than a third of respondents said they are using traditional sportsbooks less often as event-contract options expand
22 Sep Novig’s Sydney Sweeney campaign triggers criticism over portrayal of women’s sport The sports prediction-market company’s first national advert generated tens of millions of views, but drew a forceful response from athletes.
22 Sep Kalshi seeks more time to answer New Jersey at Supreme Court A requested 30-day extension would shift the prediction-market operator’s response deadline to Nov. 9 in a dispute over state gambling laws.
20 Sep Tunica-Biloxi launches SaltTrade, a tribal-owned prediction-market app powered by Kalshi The Louisiana tribe says the venture advances economic self-determination, but tribal gaming groups say it lends support to a contested sports-event-contract model.
20 Sep Montana pauses Kalshi enforcement while Ninth Circuit rehearing petition is pending The state will not pursue investigations or cease-and-desist action against the prediction-market operator during a defined review period, but the agreement leaves the legal dispute unresolved.
19 Sep Yahoo Finance ends Polymarket data partnership after removing prediction hub Polymarket will remain an advertising partner across Yahoo, while the companies say they are open to similar collaborations.
19 Sep Illinois legislator seeks repeal of new prediction-market sports tax HB 5811 would remove Illinois’s levy on sports-related exchange wagers less than three months after it took effect.