Posts by Cheryl Coward
NFL Backs New Jersey Against Prediction Markets
The NFL moved to support New Jersey’s petition asking the U.S. Supreme Court to review a ruling that shields sports-related prediction market contracts from state gambling laws.
DraftKings Sued Over Predictions, DFS Offerings In Florida
The Seminole Tribe of Florida sued DraftKings this month, accusing the company of operating an illegal sportsbook in a state where the tribe controls sports betting. The Seminoles have the exclusive right to offer sports betting in Florida per a 2021 gaming compact which statewide mobile wagering via the Hard Rock Bet platform. In return, […]
Kalshi Geofences Certain California Tribal Lands After Ninth Circuit Defeat
A federal appeals court dealt Kalshi a legal setback in California recently by ruling that its sports event contracts are gambling under federal tribal gaming law when offered on Native American land.
CFTC Definition Of Swaps Would Keep Sports On Prediction Markets
The Commodity Futures Trading Commission has sent two rulemaking proposals to the White House that could affect federal oversight of prediction markets and sports event contracts.
Fanatics Could Spend Up To $1 Billion On Ads To Chase Sports Betting Leaders
Fanatics CEO Michael Rubin plans to significantly increase spending on the company’s betting and gaming business next year.
Sixth Circuit Ruling Could Make Kalshi Pull Sports Predictions From More States
Kalshi suffered another setback in its legal fight with state gambling regulators after a federal appeals court ruled that Ohio and Tennessee can enforce their sports betting laws against the prediction market operator.
