41 AGs Urge CFTC: No Jurisdiction on Sports Prediction
41 state AGs just fired a warning shot at the CFTC: sports prediction markets like Polymarket and Kalshi must fall under state gambling oversight, not federal finance rules. Led by Iowa AG Brenna Bird, this bipartisan push prioritizes consumer protection, taxes, and established state frameworks over fragmented federal innovation. For operators, this could mean aligning with sports betting compliance—time to rethink strategies.
New Jersey 10% World Cup Sports Betting Surcharge Proposed
New Jersey eyes 10% surcharge on World Cup sports betting to fund hosting costs at MetLife Stadium. Lawmakers face bipartisan backlash over event
Stake Expands into Mexico Amid 50% Tax Reform
Stake boldly enters Mexico’s iGaming market under a new 50% tax regime and pending gambling law reforms, positioning ahead of the 2026 World Cup.
Massachusetts High Court Signals Skepticism Toward Kalshi in State Lawsuit
The Massachusetts Supreme Judicial Court signaled clear skepticism toward Kalshi’s sports-event contracts, with justices repeatedly questioning whether they are meaningfully different from traditional sports betting. As the case tests federal preemption under the Commodity Exchange Act, the outcome could redefine the balance of power between state gambling regulators and federally overseen prediction markets. With courts across the country already divided, this decision may become a pivotal moment in determining how emerging event-contract platforms are classified and regulated nationwide.The Massachusetts Supreme Judicial Court signaled clear skepticism toward Kalshi’s sports-event contracts, with justices repeatedly questioning whether they are meaningfully different from traditional sports betting. As the case tests federal preemption under the Commodity Exchange Act, the outcome could redefine the balance of power between state gambling regulators and federally overseen prediction markets. With courts across the country already divided, this decision may become a pivotal moment in determining how emerging event-contract platforms are classified and regulated nationwide.
U.S. Senate Once Again Evaluating Sports Betting Integrity
A May 20 U.S. Senate hearing will examine the growing integrity risks in sports betting, spotlighting match-fixing scandals and the emerging role of prediction markets. As federal lawmakers revisit oversight more than eight years after PASPA’s repeal, the session underscores rising tension between state-led regulation and potential national standards in a rapidly evolving wagering landscape.
SCCG’s M&A and capital markets view on Legend deal’s stock drag, assessing if affiliate-media synergies justify $1.2bn valuation amid iGaming investor caution.
Genius Sports has closed its acquisition of sports and gaming media group Legend. The $1.2bn deal, first secured in February 2026, aims to expand the company’s global reach in sports media and iGaming audiences.
Sports Leagues, Players Unions Push CFTC for Control Over Prediction Markets
**Major U.S. sports leagues and players’ unions** have filed public comments urging the CFTC to impose stricter controls on prediction markets. They argue that sports-event contracts carry the same integrity risks as sports betting yet operate with far weaker safeguards. The submissions come as the CFTC weighs how to regulate this overlapping market.
Caesars largely flat in Q1 as Fertitta rumours swirl and digital growth continues
Caesars Entertainment reported group net revenue of $2.9 billion in Q1, a 3% increase year-over-year. Group adjusted EBITDA remained flat at $887 million, while the company narrowed its net loss from $115 million to $98 million. CEO Tom Reeg and the leadership team focused squarely on these results, offering no public comment on ongoing sale discussions with Tilman Fertitta.
CFTC Sues New York in Response to State Action Against Prediction Markets
The **Commodity Futures Trading Commission** (CFTC) has filed a lawsuit in **New York** to halt the state’s actions against licensed prediction market platforms. The move directly responds to lawsuits filed by New York Attorney General **Letitia James** against **Coinbase** and **Gemini**, two CFTC-licensed operators.
Stephen Crystal — Ireland Tour Stops
Stephen Crystal will be joining the Lucky Enough VII 2026 Tour of Ireland from May 16–24, 2026, a guided journey through Ireland’s west and southwest coast. The tour travels from County Clare through Dingle, Killarney, Galway, Connemara, and Mayo, highlighting iconic landscapes such as the Cliffs of Moher, Achill Island, and Ashford Castle, along with stops in historic towns and cultural hubs across the country.