Sports Betting

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6 Oct ProphetX, Gemini and Webull leave Connecticut after prediction-market orders Six other platforms remain in contact with regulators as the state presses its case that sports-event contracts are unlicensed wagering.
5 Oct Kalshi opens talks with Missouri after sports-contract cease-and-desist order The company is the first of six targeted prediction markets to respond, as a state-versus-federal regulatory fight continues.
5 Oct Nevada urges Ninth Circuit to reject Kalshi’s CFTC-rulemaking delay The state says a potential rewrite of the event-contract rule cannot undo the panel’s conclusion that Kalshi’s sports contracts are bets, not swaps.
3 Oct LDS leader condemns gambling and prediction markets as ‘morally wrong’ D. Todd Christofferson told General Conference that always-available mobile betting fosters greed, debt and compulsive behaviour, particularly among young people.
3 Oct MGM and Caesars shun prediction markets over licence risks At G2E in Las Vegas, the casino groups said state regulatory exposure outweighed the appeal of event contracts.
3 Oct DeWine says Ohio will enforce gambling laws against Kalshi sports contracts Governor’s pledge follows a Sixth Circuit ruling that let the state proceed while Kalshi’s federal-law challenge continues
3 Oct Illinois judge blocks key sports-wagering rules for Kalshi title-game contracts The preliminary order finds certain championship-outcome contracts likely qualify as federally regulated swaps, but leaves Illinois’s new transaction fees for later review.
1 Oct Novig seeks funding at up to $2 billion valuation Sports prediction-market platform is discussing a round that would quadruple its February valuation, though the deal has not yet closed.
30 Sep Bloomberg video examines prediction markets’ challenge to sportsbooks Romaine Bostick’s two-minute segment brought betting and trading executives into a widening debate over sports contracts and federal oversight.
27 Sep New Mexico lawmakers warned prediction markets could divert tribal gaming revenue Committee witnesses raised concerns over casino revenue, online access for younger users and a still-conceptual tax on prediction-market earnings.
25 Sep Sixth Circuit lets Ohio and Tennessee enforce gambling laws against Kalshi Unanimous panel finds Kalshi’s sports contracts were not shown to be swaps under the federal commodities statute
25 Sep Optimove and Plaee offer white-label route into prediction markets The partnership pairs Plaee’s trading and compliance infrastructure with Optimove’s customer-data tools, aiming to cut launches from months to weeks.