Tag: Regulation
CFTC sues Kentucky for trying to block prediction markets
24 June 2026 at 6:50am UTC-4
The Commodity Futures Trading Commission (CFTC) is suing the US state of Kentucky for trying to shut down federally regulated prediction markets.
The CFTC action comes after ...
New Zealand’s largest illegal lottery operator sentenced over US$6.2 million operation
24 June 2026 at 6:16am UTC-4
Authorities in New Zealand have sentenced the owner and director of New Zealand’s largest illegal lottery to community detention and service for his role in a NZ$11 million ...
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 ...
Brazil implements new measures to freeze and transfer illegal betting funds
23 June 2026 at 3:56am UTC-4
Brazil’s federal government has approved new measures to stop unlicensed betting operators, increasing the responsibility of financial institutions, payment providers and ...
North Carolina increases tax rate on sports betting from 18% to 23%
22 June 2026 at 10:27am UTC-4
North Carolina legislators recently announced a 5 percentage point increase on the state tax on sports betting.
The new rate is 23%, up from 18%, moving North Carolina ahead of ...
Malaysian authorities arrest 58 in World Cup gambling crackdown
19 June 2026 at 7:26am UTC-4
Malaysian police have arrested 58 people and seized more than MYR500,000 in illicit proceeds after a crackdown on illegal gambling during the 2026 World Cup.
According to the ...
Sri Lanka MP raises questions over rise of unlicensed igaming platforms
19 June 2026 at 7:20am UTC-4
Harsha de Silva, a Sri Lankan Member of Parliament and Chairman of the Parliamentary Committee on Public Finance, has questioned officials about the sudden rise in igaming ...
Prediction markets the hot topic at analyst conference
18 June 2026 at 1:56pm UTC-4
DraftKings and FanDuel parent Flutter Entertainment presented at the Jefferies Nantucket Consumer Conference on 17-18 June, and, according to Jefferies analyst David Katz, the ...
Michigan judge rules sports-event contracts don’t fall under CFTC regulation
18 June 2026 at 7:34am UTC-4
A federal judge in Michigan has ruled that sports-related prediction market contracts offered by Polymarket do not fall within the Commodity Futures Trading Commission's ...
Gaming industry groups look to Congress for ban on sports-event contracts
17 June 2026 at 7:20am UTC-4
A group of gaming industry representatives has sent a letter to the Senate pushing for a block on prediction market platforms from offering sports-related event contracts
The ...
