The National Thoroughbred Racing Association (NTRA) is against prediction markets offering bets on the Kentucky Derby and other horse races. NTRA CEO Thomas Rooney issued a message to the Commodity Futures Trading Commission, claiming that horse racing falls under a different legal space than what prediction markets cover. The main concern voiced by Rooney and … Read more
Arizona regulators have issued a cease-and-desist order on Kalshi. Missouri sports betting operators question their status in lieu of prediction markets. The Washington State Gambling Commission has issued a statement on using prediction market platforms. PHOENIX – The rapid rise in sports prediction markets has caused a stir in several states and their state regulated … Read more
The Michigan Gaming Control Board warned operators in the state about offering prediction markets. Sports betting licenses could be revoked in Michigan if operators are caught offering those markets. DETROIT – Over the weekend, the Michigan Gaming Control Board sent a memo out to all sports betting operators in the state warning them about offering … Read more