Gambling Laws
Coverage of Gambling Laws in the Nexus archive.
- Empire State Weekly: Prediction market regulations
Prediction markets faced a regulatory challenge in New York as Kalshi appealed a federal judge's decision permitting the state to enforce gambling laws on the platform. The case centers on whether state gambling regulations apply to online prediction market operations.
- Michigan judge blocks Kalshi from allowing residents to place sports bets
A Michigan judge has temporarily blocked Kalshi from offering sports betting contracts to residents, intensifying a legal dispute between state and federal authorities over prediction markets and gambling regulations.
- Prediction markets: Hong Kong ban alone will not solve risks, legal experts say
Prediction markets exist in a legal grey area under Hong Kong’s gambling laws, with experts warning of risks like market manipulation and consumer protection. A ban on these platforms could face challenges in evidence gathering and prosecution, according to legal experts and a legislator.
- Trump Backs CFTC Over Prediction Markets, Calls State Officials ‘Scum’
President Trump supports the Commodity Futures Trading Commission (CFTC) in regulating prediction markets, opposing state-level gambling laws. He criticized state officials as 'scum' for attempting to enforce their own regulations.
- Spain Blocks Prediction Markets Kalshi, Polymarket for Potential Gambling Law Violations
Spain is blocking prediction market platforms Kalshi and Polymarket, citing potential violations of gambling laws. This action reflects growing regulatory scrutiny over such platforms in the region.
- Spanish authorities block Polymarket and Kalshi over gambling laws
Spanish authorities have blocked prediction market platforms Polymarket and Kalshi due to concerns over unlicensed gambling activities. Spain is joining other nations in restricting such platforms, citing regulatory compliance issues.
- US gov’t sues four states, RWAs cross $30 billion: Month in Charts
The US CFTC has sued four states for enforcing state-level gambling laws on prediction markets. Meanwhile, Strategy accumulated over 56,000 BTC.
- CFTC Backs Prediction Markets in Yet Another Lawsuit Against a State
CFTC Chair Mike Selig has vowed to sue any state that attempts to regulate prediction markets under its own gambling laws. The CFTC is defending prediction markets against state-level gambling regulations.
- CFTC sues New York over bid to apply gambling laws to prediction markets
The CFTC has filed a lawsuit against New York to prevent the state from enforcing gambling laws on prediction markets, asserting that federal regulators have exclusive authority over event-based contracts. The dispute centers on regulatory jurisdiction between state and federal authorities.
- Wisconsin Sues Prediction Markets Over Sports Betting Contracts
Wisconsin has filed a lawsuit against prediction market platforms Kalshi and Polymarket, alleging their sports betting products violate state gambling laws. The state claims these financial platforms operate illegally by offering contracts tied to sports outcomes.
- Coinbase shifts New York prediction markets fight to federal court
Coinbase has moved its legal battle over New York's prediction markets to federal court. The company's legal chief, Paul Grewal, highlighted the conflict between federal CFTC authority and state gambling laws as a central issue.
- New York claims Coinbase, Gemini prediction markets violate gambling laws
New York Attorney General Letitia James sued Coinbase and Gemini, alleging their prediction markets violate state gambling laws and tax obligations. The lawsuit claims the platforms operate as gambling services under New York law, requiring compliance with state restrictions and taxes.