3+ day, 1+ hour ago   (107+ words) Prediction markets should be taxed as gambling, academic paper says CDC Gaming If it’s a day ending in “Y,” there’s going to be discussion of whether prediction market profits should be taxed as investments or taxed…...

3+ day, 21+ hour ago   (568+ words) Underdog has filed lawsuits in five states seeking to preemptively block them from trying to shut down its sports-event contracts, a decision that was made after the company surrendered its daily fantasy sports (DFS) licenses in seven states. The lawsuits…...

4+ day, 1+ hour ago   (125+ words) Iowa can continue to regulate Kalshi under the state’s gambling law, a judge ruled. US District Judge Stephen Locher said the prediction market was unlikely to win its claim that federal law pre-empts state law. A federal judge in Iowa…...

4+ day, 20+ hour ago   (467+ words) Robinhood has agreed to pull its sports-event contracts out of Michigan, at least until at least the U.S. Court of Appeals for the Sixth Circuit rules on appeals involving the company, Coinbase, and Kalshi, as well as a state court case…...

4+ day, 23+ hour ago   (134+ words) Kalshi underwent another legal defeat, as the U.S. 10th Circuit Court of Appeals denied the company’s emergency motion for injunction pending appeal U.S. District Judge Robert J. Shelby previously denied Kalshi’s motion for a preliminary injunction in the state Utah is now…...

4+ day, 23+ hour ago   (133+ words) New Mexico tribe and pueblos wrap up case that Kalshi sports betting hurts their sovereignty CDC Gaming Three New Mexico pueblos and one tribe on Friday wrapped up their closing arguments that a federal judge should step in to prohibit…...

1+ week, 3+ day ago   (107+ words) Las Vegas: Red Rock asks Supreme Court for pause of union bargaining order CDC Gaming A Las Vegas casino is seeking US Supreme Court intervention to delay its compliance with a National Labor Relations Board order requiring it to negotiate…...

1+ week, 3+ day ago   (126+ words) Kalshi has been barred from offering its online sports wagers in Michigan, Attorney General Dana Nessel announced Wednesday. Nessel’s office says she secured a preliminary injunction against KalshiEx, LLC, halting the prediction market company from “unlawfully offering online sports wagers…...

1+ week, 4+ day ago   (134+ words) New Jersey asks Supreme Court to review prediction market dispute CDC Gaming New Jersey asked the Supreme Court on Wednesday to weigh in on a growing legal battle between prediction markets and states over who has the authority to regulate…...

1+ week, 4+ day ago   (121+ words) DraftKings touts Nevada presence without gaming license CDC Gaming Digital sports-betting company DraftKings advertises that it operates in all 50 states — even though it withdrew its pending sports wagering licenses in Nevada in November The Boston-based company ran numerous television…...