Public Gaming Industry
Legal Issues
Attorney General James Sues Coinbase and Gemini for Running Illegal Gambling Platforms in New York
NEW YORK – New York Attorney General Letitia James today sued Coinbase Financial Markets, Inc. (Coinbase) and Gemini, Titan LLC (Gemini) fo…
Montana AG: Online prediction platform Kalshi violates state gambling laws
You might not want to place an online wager on who wins this court case if you live here in the Treasure State, but as of right now, you st…
Hong Kong Warns Prediction Markets May Count as Illegal Gambling
Hong Kong’s Investor and Financial Education Council has put prediction market platforms like Polymarket and Kalshi in the spotlight, sayin…
Malta’s Freedom Of Movement Arguments Are Rejected By The EU Court Justice
Malta’s defense of its gaming legislation and licenses against challenges from EU member states has suffered yet another setback from the E…
UK High Court sides with Gambling Commission in lottery licence dispute
Richard Desmond loses £1.3bn damages battle over national lottery licence
Media tycoon vows to appeal after dismissal of action against Ga…
ECJ says German players can reclaim losses from unlicensed operators
Users of online gambling services within the EU can sue the betting operator for reimbursement of their losses if such gambling was prohibi…
Congress grills CFTC Chair Selig on prediction markets, insider trading
Members of the House of Representatives Committee on Agriculture held a stern and occasionally scathing interrogation of Commodity Futures…
Former CFTC chair talks prediction markets: ‘Betting on sports is gaming’
The former chairman of the Commodity Futures Trading Commission (CFTC) said prediction markets weren't initially intended to offer sports e…
California tribes argue a federal court decision would effectively nullify IGRA
A group of three California tribes contends that should a federal appellate court accept arguments from prediction platforms Kalshi and Rob…
CFTC intervenes in Arizona’s legal fight with Kalshi
CFTC chairman says he will defend against any attempt to weaponize preempted state law against prediction markets
The Commodity Futures Tr…
Michigan Gaming Control Board Issues Cease-and-Desist Orders to 45 Illegal Offshore Gambling Operators
DETROIT, April 7, 2026 — The Michigan Gaming Control Board (MGCB) announced that over the past four months it has issued cease-and-desist o…
Sports bets on prediction markets ruled to be “swaps,” exempt from state laws
A federal appeals court ruled that New Jersey cannot regulate sports bets on prediction markets because the US Commodity Futures Trading Co…
Prediction market roundup: CFTC files suit vs. three states; NFL advises ban on manipulative sports trades
CFTC Chair Michael Selig had a busy week in dealing with a lawsuit against three states and heightened discussions with the NFL.
During a…
CFTC sues AZ, CT, and IL, alleging prediction markets overstep
When Commodity Futures Trading Commission (CFTC) Chair Michael Selig said “we’ll see you in court”, he wasn’t kidding.
The CFTC announced …
California Governor Bans State Officials From Insider Trading on Prediction Markets
Gavin Newsom is taking action against public officials who profit from prediction markets. Key Takeaways
Gov. Gavin Newsom said his of…
Washington sues online betting platform Kalshi for illegal gambling
FOR IMMEDIATE RELEASE: Mar 27 2026
Attorney General Nick Brown filed a lawsuit today against Kalshi, a company that violates state law by…
Lawsuit accuses sportsbooks of using addictive technology
Hours after a Los Angeles jury found that Meta and YouTube harmed a young user by utilizing addictive features, attorneys involved in the c…
Gaming giant Valve accused of fostering ‘loot’ gambling
Valve was accused in a lawsuit last week of operating a system that too closely resembled gambling, violating Washington state law. The co…
Arizona Files Criminal Charges Against Kalshi
State Is First To File Criminal Charges Against A Platform
In the ongoing battle between state gambling regulators and prediction markets…
Kalshi ordered to stop offering sports in Nevada for at least 14 days
A Nevada state court judge has blocked Kalshi from offering sports event contracts in the state for at least two weeks.
According to court…
Does the CFTC’s opinion on prediction markets even matter?
As the federal and state court cases pile up around prediction markets and the Commodity Futures Trading Commission (CFTC) takes a lenient…
Michigan sues Kalshi, alleges app is skirting state’s gambling laws
Michigan Attorney General Dana Nessel has sued the parent company of Kalshi, the so-called prediction market platform that allows users to…
Kalshi and Polymarket appeal after federal court returns Nevada gaming dispute to state court
A federal judge has ordered lawsuits involving prediction markets Kalshi and Polymarket against the Nevada Gaming Control Board (NGCB) to r…
New York Attorney General Letitia James sued Valve Corporation calling its video game ‘loot boxes’ illegal gambling
(PRESS RELEASE) -- New York Attorney General Letitia James sued Valve Corporation, a video game developer, for illegally promoting gambling…
New Zealand Rules Prediction Markets Are Illegal Gambling
The country’s Department of Internal Affairs (DIA) has banned companies from offering event contracts to residents.
“Since they aren’t aut…
Senators Urge Top Regulator to Stay Out of Prediction Market Lawsuits
A group of 23 Democratic US senators sent a letter Friday to the top federal regulator overseeing prediction markets, urging the agency to…
Prediction Markets v. State Gaming Laws: The Kalshi Litigation Gamble
Kalshi, a federally regulated prediction market, is betting big on its business model. Whether that bet pays off depends on how courts res…