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Canadian Regulators Exclude Sports & Entertainment Prediction Markets From Securities Oversight
2+ week, 2+ day ago (463+ words) Canadian regulators have made a clear distinction between sports betting and event contracts, at least for the immediate future. On August 27, the Canadian Securities Administrators (CSA) clarified that prediction markets involving sports and entertainment won’t be treated as securities products....
Nevada Seeks $120K Daily Fines From Kalshi Over Geofencing Dispute
3+ week, 4+ day ago (464+ words) The Nevada Gaming Control Board (NGCB) is asking a state court to impose $120,000 in daily penalties on Kalshi over an escalating dispute involving the prediction market platform’s geofencing measures. The NGCB claims Kalshi failed to comply with an Aug. 12 deadline…...
White House Meeting Highlights Prediction Market Oversight Battle
3+ week, 5+ day ago (452+ words) Prediction market operators are seeking favorable resolutions in a growing list of contentious battles involving event contracts regulation. President Donald Trump is expected to attend a White House meeting Wednesday, August 19, with executives from the prediction market industry and senior…...
Kalshi Ordered to Stop Most Betting Operations in Washington
3+ week, 6+ day ago (462+ words) Kalshi is still available in Washington State, but its betting markets have been heavily restricted following a ruling from a King County Superior Court judge. Kalshi must also implement IP address and residency-based geofencing by August 19 to prevent prohibited wagering....
Nevada Problem Gambling Council Leaves National Problem Gambling Group Over Kalshi
1+ mon, 1+ day ago (531+ words) The Nevada Council on Problem Gambling (NCPG) is ending a longstanding affiliation with the National Council on Problem Gambling later this month over concerns relating to Kalshi and prediction market gambling. The NCPG’s decision to cut ties with the national…...
Utah Can Enforce Gambling Laws Against Kalshi, Judge Rules
1+ mon, 1+ week ago (610+ words) Federal protections have kept prediction markets operational in many states, but that’s no longer the case in Utah. On August 4, U.S. District Judge Robert Shelby sided with state lawmakers, ruling that the Commodity Exchange Act doesn’t block Utah from enforcing…...
Kalshi Agrees To Geofence Sports, Election, & Entertainment Contracts In Nevada Following Regulatory Settlement
1+ mon, 2+ week ago (489+ words) Nevada scored a major victory for states’ rights over prediction market regulation on July 27. Following a months-long legal battle, Kalshi has agreed to stop offering sports, election, and entertainment event contracts to users in the state. Kalshi will implement a…...
UK Confirms 25% Gambling Commission License Fee Increase
1+ mon, 3+ week ago (552+ words) UK gambling operators may take a significant hit to their bottom lines beginning in October, when license fees are due to rise 25%. The revised UK Gambling Commission operator license fees will take effect on October 1, 2026, and apply to both remote…...
Michigan Extends Kalshi Sports Contract Ban Into August
1+ mon, 4+ week ago (593+ words) Kalshi users in Michigan will have to continue making alternative sports betting plans for the foreseeable future. Ingham County Judge Rosemarie Aquilina extended a temporary restriction on the prediction market platform’s sports event contracts. Kalshi’s sports event contracts will remain…...
Evolution’s £4.75m UK Gambling Commission Settlement: Full Timeline
1+ mon, 4+ week ago (846+ words) Evolution, a prominent Sweden-based gaming technology company, agreed to pay the UK Gambling Commission £4.75m on July 15, bringing an end to an 18-month license review. Below is a timeline of the investigation, from initial complaints to settlement. The UK Gambling Commission…...