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Ninth Circuit Presses Kalshi on Sports Betting Comparisons in Tribal AppealJudges repeatedly challenged Kalshi’s attempt to distinguish its sports-event contracts from conventional wagers as California tribes seek to revive their bid for an injunction. A Ninth Circuit panel repeatedly compared… -
Alberta Launch, Prediction Markets and IRS Hearing: Gambling Stories to Watch This WeekAlberta’s iGaming debut, escalating prediction market disputes and a key IRS hearing set the stage for another consequential week for the gambling industry. This week in the gambling industry is…
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Bryce Harper FanDuel Video Shows ‘Conversations Need to be Had’ Regarding Online Sports BettingVideo from 2024 comes to light as FanDuel, DraftKings face Pennsylvania lawsuit The big news in sports betting Thursday was an article that appeared in The Philadelphia Inquirer revealing Phillies…
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Interpol Operation Leads to 5,811 Arrests, $293m Seized Across 97 Countries as Gambling Links SurfaceIllegal online gambling surfaced repeatedly during Interpol’s latest global anti-fraud operation, which resulted in 5,811 arrests and nearly $300 million in seized assets across 97 countries. Interpol’s latest global anti-fraud…
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Alberta iGaming Market Set for July 13 Launch as Major Operators Prepare to Go LiveSome of North America’s biggest betting brands are preparing to enter Alberta as the province launches its long-awaited regulated online gambling market on July 13. Alberta’s regulated online gambling market…
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Prediction Markets Weekly Roundup: Kalshi’s New York Loss, New Taxes and Record GrowthKalshi’s loss in New York, new taxes, record trading volumes and fresh policy initiatives marked another eventful week for prediction markets. A federal court’s rejection of Kalshi’s preemption arguments in… -
NCAA Opens Inquiry Into Cincinnati Over Brendan Sorsby Gambling CaseThe inquiry marks a new turn in the Brendan Sorsby saga. It shifts attention to whether Cincinnati knew about his gambling activity while he was with the program. The NCAA… -
Icahn Weighs Eleventh-Hour Caesars Bid as Investors Stick With Fertitta DealDespite reports of a potentially higher offer from Carl Icahn, Caesars shares continue to trade below Tilman Fertitta’s bid, suggesting investors remain skeptical of a competing takeover. Carl Icahn is… -
Recent Online Sports Betting Addiction Lawsuits Taking New ApproachMeta verdict may help, but attorney notes gambling cases feature key difference from social media suits The American legal system is increasingly awash with lawsuits alleging that sports betting companies… -
Former CFTC Chair Nominee Brian Quintenz Joins Coalition for Prediction MarketsThe former CFTC commissioner and former nominee to lead the agency will serve as a senior adviser to the industry group backed by Kalshi, Coinbase, Crypto.com and Robinhood. Brian Quintenz,…
