Tag: sports

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Massachusetts AG Files Amended Lawsuit Against Kalshi over Sports Betting after Court Ruling

Prediction markets platform Kalshi’s legal battle against Massachusetts will continue after a judge ruled that state authorities could add allegations against the company over...

Michigan Judge Blocks Kalshi from Allowing Residents to Place Sports Bets

A Michigan judge temporarily blocked prediction market Kalshi from allowing residents to place bets on sporting events, after the state's attorney general accused the...

Stoked.bet Brings a Proven $30M+ Sports Betting OnChain

Stoked.bet is bringing a proven sportsbook into Web3 with an on-chain sports and prediction market ecosystem built around non-custodial infrastructure, transparent settlement, Marketplace utility,...

Prediction market consolidation could spark wave of M&A across sports betting, Bernstein says

The rapid consolidation of the prediction market technology stack is raising the odds of a new wave of mergers and acquisitions across sports betting...

Kentucky Sues Prediction Markets Over Sports Event Contracts

Kentucky has sued five prediction market platforms, including Kalshi and Polymarket, adding to a wave of US states launching legal fights with prediction markets...

Gaming Industry, Tribes and Unions Press Senate to Ban Sports Prediction Markets in Crypto Bill

The American Gaming Association, the Indian Gaming Association, and two hospitality unions are pressing senators to insert sports-betting carve-out language into the CLARITY Act,...

Organizations Urge Congress to Ban Sports Betting on Prediction Markets in CLARITY Act

Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts...

Gensler Files Brief Arguing Sports Prediction Markets Fall Outside CFTC Swap Rules

Former CFTC and SEC chair Gary Gensler filed an amicus brief with the Sixth Circuit arguing that sports-event prediction markets are not swaps under...

CFTC Proposes Prediction Market Rules Favoring Sports Contracts

The US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not contrary to...

Why quantitative traders are using complex math models to hijack your weekend sports bets

Chicago-based trading giant DRW has spent decades profiting from mismatches between different asset classes, and now it's building a dedicated prediction market desk targeting...

The CFTC is in talks with every major pro sports league to crack down on insider trading

Chairman Mike Selig of the U.S. Commodity Futures Trading Commission (CFTC) said his agency is in talks with all major U.S. professional sports leagues...

Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

MIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two panelists said Thursday.Appearing...