On Wednesday, Florida's Attorney General James Uthmeier initiated legal action against what he describes as illegal online gambling operations within the state. This move targets Stake and VGW, the latter …
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Latest in Legal Action
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Legal Action
Novig Faces Court Battles Following Prediction Market Launch
by Sienna Marques 4 minutes readNovig has launched into a legal battle two weeks after its significant launch as a sports prediction market platform, engaging in lawsuits with five states. On Friday, August 14, Novig …
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Legal Action
Second IAF Officer Arrested for War Market Trading on Polymarket
by Sienna Marques 3 minutes readA second officer from the Israeli Air Force (IAF) has been arrested for allegedly trading on war markets at Polymarket, following the earlier arrest of another officer in February. The …
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Legal Action
Baltimore and New York Crack Down on Kalshi Amid CFTC Investigation
by Sienna Marques 3 minutes readRegulatory scrutiny is intensifying for Kalshi, facing challenges from both local governments and federal authorities in the United States this week. The heightened oversight coincides with Baltimore and New York …
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Legal Action
Kalshi Faces Legal Challenges as CFTC Supports Event Contracts in NY
by Sienna Marques 3 minutes readIn a significant development for prediction markets, the Commodity Futures Trading Commission (CFTC) issued an emergency ruling this week that instructs Kalshi to resume offering event contracts in New York. …
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Legal Action
Curaçao Court Nullifies Aviator LLC Trademarks – A Win for SPRIBE
by Sienna Marques 3 minutes readThe Court of First Instance of Curaçao has declared void two trademark registrations held by Aviator LLC, a notable advancement in the ongoing intellectual property conflict involving SPRIBE, the developer …
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Legal Action
Kalshi Appeals Court for Emergency Relief from Federal Response
by Sienna Marques 3 minutes readKalshi, a prediction market company, took a significant legal step this week, filing with the Second Circuit Court of Appeals on Wednesday, in what appears to be a tightly coordinated …
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Legal Action
Tribal Response to Prediction Markets and Sports Event Contracts
by Sienna Marques 3 minutes readThe rise of sports event contracts in prediction markets has created challenges for federally recognized tribes, igniting discussions about protective measures for tribal sovereignty. This issue was central to a …
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Legal Action
High Court Ruling Resumes Gambling Regulations in Kenya
by Sienna Marques 3 minutes readThe High Court of Kenya has partially lifted a stay order that had halted gambling regulations following a legal dispute. This ruling allows the majority of the gambling regulations to …
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Legal Action
Bally’s Pauses Chicago Casino Construction Amid VGT Concerns
by Sienna Marques 3 minutes readBally’s $1.7 billion permanent casino project in Chicago is now facing delays, with the company announcing on the weekend a "reset" in the pace of construction for certain elements due …
