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This marks another regulated market expansion for the company.
Government warns of economic fallout as High Court battle unfolds.
The South Korean casino operator also revised its articles of incorporation to strengthen shareholder protections, board independence and dividend visibility.
Government cites illegal financial flows and capital flight concerns.
Joint operation dismantles alleged triad-linked syndicate and shuts down mahjong, baccarat dens.
Attorney General Nick Brown filed the lawsuit in King County Superior Court, seeking an injunction to suspend Kalshi’s operations and recover losses suffered by Washington residents.
This month, providers such as Soft2Bet, Bede Gaming and MediaTroopers began efforts to launch their services in Alberta, which is projected to open its iGaming market this summer.
Having brought the news to Global Gaming Insider first, Upgaming confirmed tensions reached ‘boiling point’ where a potential protracted court battle became a ‘distinct and looming risk.’
Judge Tanya Walton Pratt ruled the Association failed to show how the sports betting operator’s use of terms such as ‘March Madness’ or ‘Final Four’ would cause irreparable harm to users.
Economy Minister Silvio Schembri has confirmed that the Government is evaluating options to provide legal clarity for the sector.
