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Attorney Generals in the US would have the ability to file lawsuits against crypto exchanges in the event one lists a digital asset that is prohibited in the Clarity Act’s current language.
The Association argues that the digital-assets legislation could allow prediction markets to bypass Tribal and state regulation of sports betting and casino gaming.
The American actress partnered with the prediction platform for a viral semi-nude sports betting advert.
Chairman Bean also shared that the proposed changes ‘do not address’ the concerns previously laid out by Indian gaming regulators in July.
Following new rulings handed out in Nevada, Utah and Michigan, prediction market operators appear to be losing ground in their regulatory race against state lawmakers.
Brazilian elections keep drawing tens of millions of dollars in trading even after the platform was ordered blocked.
The EU financial regulator says crypto use, institutional expansion and event-specific information create growing surveillance and manipulation challenges for prediction markets.
Anthony Lee and Laura Lee pleaded guilty to cheating at gambling following an investigation into wagers placed on the timing of the 2024 UK general election.
Mark Moran alleges Kalshi acted in bad faith when imposing a five-year suspension following trades on markets connected to his own candidacy.
Nearly 30 subpoenas have been issued to gaming service providers, media organisations, app stores and payment processors as the state expands its investigation.
