As One Prediction Market Leaves Nevada, Others Double Down - The Nevada Independent

As one prediction market leaves Nevada, others double down - The Nevada Independent

DraftKings buys a prediction market company, while another said it will end its business in the Silver State (for now). Also, Air France is coming to Vegas.

New York Sued Over Sports Prediction Markets » News.ng

Kalshi has taken New York regulators to federal court in a move aimed at preventing the state from classifying its sports prediction markets as illegal gambling. The lawsuit, filed Monday, positions the company to control the legal narrative around federal preemption rather than the legality of the contracts themselves—a strategy experts say was designed to give it an upper hand following Crypto.com’s recent courtroom loss in Nevada. The filing …

Kalshi Challenges New York Over Sports Prediction Market Regulations

Kalshi files a lawsuit against New York, arguing federal authority over derivatives preempts state gambling laws, challenging the shutdown of its sports prediction markets. (Read More)

Kalshi Suing New York State Gaming Commission As Prediction Markets Continue To Expand

Prediction markets and the New York State Gaming Commission (NYSGC) are headed for a legal fight to determine the legality of the online betting platform in the state. The NYSGC sent a cease-and-desist letter to prediction market operator, Kalshi, last Friday for what it labeled as “unlicensed sports wagering in New York State.” Monday, Kalshi filed a lawsuit against the NYSGC in response. The court documents detail Kalshi’s belief that New York…

Kalshi Files Suit Against New York State Gaming Commission

Kalshi is suing the New York State Gaming Commission after receiving a cease-and-desist notice from the state. Kalshi argues that their sports markets are legal due to the fact that they vary from traditional sports betting sites. NEW YORK – Kalshi has filed a lawsuit against the New York State Gaming Commission in response to a cease-and-desist notice from the state of New York. Why Did New York Issue A Cease-and-Desist? Kalshi, a public tradin…

Kalshi launches New York lawsuit following cease-and-desist order

Kalshi has filed a lawsuit against the New York State Gaming Commission (NYSGC) after the regulator issued a cease-and-desist order against the prediction markets platform.  The regulator sent the letter to Kalshi on Friday, October 24, alleging that Kalshi was offering gambling services in the state without the required license.  In the letter, the NYSGC instructed Kalshi to “cease and desist from illegally operating, advertising, promoting, ad…