Rhode Island Attorney General Peter F. Neronha sued prediction market operators Kalshi and Polymarket in state court on Thursday, alleging their sports event contracts violate state gambling laws because they function like traditional sports betting.
The attorney general of Rhode Island, Peter Neronha, has launched a lawsuit against prediction markets despite pushback from the CFTC and private companies.
The Michigan Gaming Control Board (MGCB) has expanded its free Gamban program by purchasing 100 additional licenses, amid strong early demand from residents.
Another US state says “no” to sweepstakes. Courtesy of Governor Bill Lee, who recently signed Senate Bill 2136 into law, Tennessee has now also moved to shut down online sweepstakes casinos.
Singapore’s Gambling Regulatory Authority (GRA) has issued a letter of censure to the operator of the Resorts World Sentosa casino resort, citing a lapse related to its internal controls.
Society lotteries in the UK have set new records for the second year in a row, generating more than GBP 1 billion (approximately $1.35 billion) in Gross Gambling Yield (GGY).
Chinese drivers who ferry gamblers to illicit gambling dens could end up behind bars, public prosecutors have warned.
Kazakhstan is expanding its gambling zones by introducing new zones in cities and popular resort areas.
Three people from South Carolina have been indicted in relation to what federal prosecutors describe as a deadly interstate kidnapping and robbery scheme.
Federal prosecutors are stepping up their efforts to keep a key player in a wide-ranging illegal gambling probe locked up, saying his release could pose serious risks as the case progresses.
A U.S. Senate subcommittee held a highly anticipated hearing Wednesday to discuss the impact of legal sports betting, though much of the discussion turned to the rise of prediction markets in the space.
Police in the Thai tourism hotspot of Pattaya arrested seven individuals in a raid on a nail salon where illegal gambling activities were taking place.
