News
Supreme Court Will Field Case About Prediction Markets
42+ min ago (316+ words) Does a state have regulatory authority to ban certain event contracts on federally regulated prediction markets? The United States Supreme Court might answer that question. In a court filing this week, Kalshi and New Jersey asked the Third Circuit to…...
Circle K Fight Over $12. 8 Million Lottery Ticket Gets Final-Hour Extension
3+ day, 15+ hour ago (450+ words) A dispute between Circle K and a former employee over the ownership of a $12. 8 million Arizona lottery ticket has an extra 180 days to find a resolution. That's after a judge in Maricopa County Superior Court granted the convenience store giant's…...
No, Colby Raha Isn't Jumping Over the Fountains at Caesars Palace
6+ day, 14+ hour ago (591+ words) The shiny new Omnia Dayclub has opened in front of Caesars Palace. To help publicize the endeavor, the folks at Omnia Dayclub have arranged for a publicity stunt that harkens back to when Evel Knievel attempted to jump the fountains…...
A Drug Overdose Occurs at This Casino Once Every Two Weeks
6+ day, 20+ hour ago (472+ words) One of the world's largest casino resorts is home to a troubling number of suspected drug overdoses. That's according to new data supplied by a national health agency on a freedom of information query. Responding to a request for disclosure…...
New Mexico Tribes Sue Kalshi Over "Sports Betting" on Tribal Lands
1+ week, 2+ day ago (388+ words) Four New Mexico tribes sued Kalshi on Monday, alleging the federally regulated prediction market is illegally offering sports betting on tribal lands in violation of the federal Indian Gaming Regulatory Act (IGRA). In a 34-page complaint filed in the federal…...
Manhunt for Arizona Man Who Faked Cartel Kidnapping Over Gambling Debt
1+ week, 2+ day ago (33+ words) Arizona authorities are searching for Mark Michael Ellis after prosecutors say the Prescott man fled before sentencing in a bizarre fake cartel kidnapping hoax involving ransom texts, gambling debts and fabricated hostage claims....
Minnesota Could Be Next Stop for CFTC in Prediction Market Legal Fights
2+ week, 1+ day ago (490+ words) The Commodities Futures Trading Commission (CFTC) is becoming increasingly aggressive in targeting states that are suing prediction market operators and there's speculation Minnesota could be next on the commission's list. An unidentified source with knowledge of the matter told Semafor…...
Federal Judge Blocks Arizona Criminal Case Against Kalshi
2+ week, 1+ day ago (503+ words) A federal judge has blocked Arizona from enforcing its gambling laws against the prediction-market platform Kalshi while the legal fight over the future of event-based trading unfolds nationwide. In a 17-page order issued Monday, U. S. District Judge Michael T. Liburdi granted a…...
Circle K Seeks to Freeze $12. 8 M Arizona Lottery Ticket as Deadline Looms
2+ week, 3+ day ago (422+ words) Circle K is asking an Arizona judge to prevent a $12. 8 million winning lottery ticket from expiring in less than three weeks while a legal dispute over ownership is resolved, according to KPNX 12 News. The company is seeking a temporary restraining…...
Kalshi Scores Arizona Win as Judge Rules State Can't Regulate Prediction Markets
1+ mon, 1+ week ago (489+ words) Kalshi notched another legal victory on April 10, when a US district court judge in Arizona temporarily prohibited the state from applying its gaming laws against the prediction market operator. US District Judge Michael Liburdi ruled that the Commodities Futures Trading…...