Robinhood Cuts Prediction Markets Contracts Amid Concerns of Insider Trading
American financial services company Robinhood Markets, Inc., is putting limits on the number of event contracts its clients can access. The new rules are a response to concerns about possible insider trading and manipulation. Robinhood Limits Prediction Markets Offerings Robinhood established its reputation by opening up stock and options trading to everyday investors, and prediction […]
Where Are Casinos Legal in the U.S. in 2026?
Casino gambling is not a federal issue, instead, it is governed state by state. This means that if a casino is legal in New Jersey, it may not be the same situation ten miles down the road in a state where it is not legal. This situation can be confusing for travelers who assume that […]
Judge Halts Arizona Case Against Kalshi After CFTC Move
A federal judge has temporarily stopped Arizona from pursuing criminal charges against prediction market operator Kalshi, following intervention by the Commodity Futures Trading Commission (CFTC). The ruling marks a significant development in an ongoing dispute over whether states can regulate platforms offering event-based financial contracts. The decision came after a hearing before U.S. District Judge […]
US District Judge Allows Arizona to Press Criminal Charges Against Kalshi
In a ruling on Wednesday, US District Judge Michael Liburdi rejected a request by prediction market operator Kalshi to prevent Arizona prosecutors from proceeding with a criminal case. Judge Liburdi also declined Kalshi’s request for a determination that federal law overrides Arizona’s gambling laws. Judge Liburdi Denies Kalshi’s Request Arizona Attorney General Kris Mayes’s Office has […]
Playtech Named as Defendant in Evolution’s Anti-Competitive Lawsuit
In a recent filing before the Superior Court of New Jersey, Evolution asked for permission to formally add Playtech and several associated parties as defendants in its ongoing defamation lawsuit. The move escalates a case that has already drawn attention across the sector due to its growing scale and the significant damage it has caused. […]
DraftKings Resolves Dispute with MLB Players, Ending Court Battle
DraftKings has reached a resolution to its dispute with the Major League Baseball Players Association (MLBPA), putting an end to a court battle. The case revolved around the operator’s alleged unauthorized use of athlete imagery and names in its apps and social media posts. The Case Comes to a Close According to the lawsuit by […]
Evolution Seeks to Add Playtech to US Defamation Case
Evolution AB has taken a further step in its ongoing legal dispute in the United States by seeking permission to expand its complaint and include Playtech Plc and other parties as defendants. The filing, submitted to the Superior Court of New Jersey, builds on a case first launched in 2021 and centers on allegations of […]
Kalshi Wins Key Legal Battle Against New Jersey Regulators
A federal appeals court has handed Kalshi a notable legal victory, escalating the tensions between state gambling authorities and prediction platforms. In a 2–1 decision, the US Court of Appeals for the Third Circuit ruled that New Jersey cannot block Kalshi from offering sports-related event contracts to users in the state. The panel concluded that […]
BBC Report Highlights Connection Between Depression Medication and Gambling Addiction
In today’s fast-paced environment, rapid developments have led to a struggle for many to keep up, resulting in increased mental health issues ranging from mild to severe. Although medication is available, research indicates some drugs may have serious side effects, such as promoting excessive gambling. The issue was explored in the BBC’s latest episode of […]
Federal Court Sides with Kalshi in New Jersey Prediction Market Dispute
Kalshi, a leader in the rapidly growing prediction market industry, has won a significant legal battle in New Jersey. A federal appeals court ruled that the prediction market can continue to offer sports event contracts in the state, as it falls under the purview of the Commodity Futures Trading Commission (CFTC) rather than local gambling regulations. […]