Tag: Legal
Bet365 undergoing Enforceable Undertaking by AUSTRAC for AML/CTF shortcomings
6 July 2026 at 5:48am UTC-4
Australia’s financial watchdog has ordered online bookmaker Bet365 to “strengthen its anti-money laundering controls after identifying serious gaps in how it manages risk and ...
Kalshi restricted in India after warnings followed by country-wide block
23 June 2026 at 7:26am UTC-4
Online prediction market operator Kalshi has added India to its list of restricted jurisdictions following the country’s block on the platform, according to Bloomberg.
Kalshi ...
Meta sued over alleged illegal sports betting ads in California
19 June 2026 at 7:42am UTC-4
Meta is facing a lawsuit in California that alleges its social media platforms, Facebook and Instagram, unlawfully displayed sports betting advertisements to users in the state ...
Nevada Gaming Control Board seeks Kalshi contempt ruling
15 June 2026 at 7:37am UTC-4
The Nevada Gaming Control Board has asked a court to hold prediction market operator Kalshi in contempt for allegedly not complying with a recent court order.
According to a ...
CFTC sues New Mexico over prediction market regulation
15 June 2026 at 7:06am UTC-4
The Commodity Futures Trading Commission has sued New Mexico in a dispute over how sports-related prediction markets are regulated.
The suit, filed in the US District Court for ...
Analysts speculate on ramifications of Sportradar/Kalshi deal
8 June 2026 at 5:00pm UTC-4
During its first-quarter earnings call, Sportradar executives teased a possible, major announcement. They followed up on 8 June with a “global agreement” with Kalshi.
The ...
Kalshi sues Minnesota to block prediction market ban
29 May 2026 at 7:35am UTC-4
Kalshi has sued Minnesota, challenging legislation that bans prediction markets from operating or being advertised in the state.
The bill, SF 3432, was signed by Minnesota Gov ...
American Gaming Association CEO claims US$1 billion in tax revenue lost to prediction markets
29 May 2026 at 7:07am UTC-4
The American Gaming Association says estimates show that US states have lost out on more than US$1 billion in tax revenue because of the rise of prediction markets.
Speaking on ...
India Supreme Court rules for 28% levy on igaming firms
28 May 2026 at 7:31am UTC-4
India’s Supreme Court has upheld a retroactive 28% goods and services tax levy on igaming firms, approving tax demands totaling nearly INR2.5 trillion.
The bench, comprising ...
White House reviews CFTC prediction market proposal
28 May 2026 at 7:03am UTC-4
A new proposal from the Commodity Futures Trading Commission on regulating prediction markets is under review by the White House, according to a filing published this week.
The ...
