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Nevada sues Kalshi for operating a sports gambling market without a license

Nevada is taking action against the rapidly growing Wild West of prediction markets. The state's gambling regulators and attorney general sued Kalshi on Tuesday. They accuse the company of bypassing Nevada law by operating a sports gambling market without proper licenses. In addition, they say Kalshi provides services to individuals under 21, which violates state law.The lawsuit follows a federal appeals court’s rejection of Kalshi's request to prevent the state from pursuing legal action. And it comes a day after the Trump administration claimed that only the federal government has the right to enforce the industry.Prediction markets, which allow users to bet on events such as sports, political outcomes and wars, have exploded in popularity. Business Insider reports that Kalsh [...]

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Kalshi fined a MrBeast editor for insider trading

Kalshi, one of several online prediction markets that have exploded in popularity in the last few years, has suspended one of YouTube MrBeast's video editors for insider trading, NPR reports. Bes [...]

Match Score: 269.16

Destination
Arizona attorney general sues Kalshi on illegal gambling charges

Kalshi has been sued by Arizona's attorney general for operating an illegal gambling business in the state and unlawfully ‌allowing people to place bets on elections. "Kalshi may brand its [...]

Match Score: 223.64

Destination
CFTC sues three states for trying to regulate prediction markets

The US Commodity Futures Trading Commission is suing Illinois, Arizona and Connecticut for attempting to outlaw or regulate prediction markets like Kalshi and Polymarket. The CFTC believes it has sole [...]

Match Score: 209.58

Destination
YouTube will tighten its policies on illegal gambling content

Since the 2018 Supreme Court decision letting US states legalize gambling, related content has been hard to miss, whether it's odds tickers flashed during sports broadcasts, superstar athletes an [...]

Match Score: 193.65

Destination
New Jersey has no right to ban Kalshi's prediction market, US appeals court rules

Kalshi can't be stopped in New Jersey. A 3rd US Circuit Court of Appeals panel ruled on Monday that New Jersey has no authority to regulate Kalshi's prediction market allowing people to bet [...]

Match Score: 188.99

Destination
The best live TV streaming services to cut cable in 2025

Around ten years ago, as the price of cable rose to untenable heights, live TV streaming services arrived as the low-cost, contract-free antidote. The services are still blissfully easy to walk away f [...]

Match Score: 88.22

Destination
UK agency questions Meta's policies for illegal gambling site ads

The UK Gambling Commission has raised concerns that Meta is ignoring advertisements by illegal gambling websites on its platforms. At a conference in Barcelona, the commission's Executive Directo [...]

Match Score: 72.97

Destination
Roblox agrees to a $12 million settlement with Nevada

Amidst ongoing legal trouble with several states and more than 100 pending lawsuits, this week Roblox announced a $12 million settlement with Nevada, allowing the company to avoid going to trial in th [...]

Match Score: 64.53

Destination
YouTube will 'strengthen' enforcement around violent and gambling games in November

YouTube will enforce new rules that are supposed to strengthen the enforcement of its guidelines around online gambling and graphic video game content starting on November 17. One of the biggest chang [...]

Match Score: 61.08