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State Governor and Attorney General argue Kalshi's prediction markets meet New York's legal definition of gambling because users wager on uncertain events that are beyond their control.
IG Group CEO Breon Corcoran believes prediction markets represent ‘one of the most significant opportunities across trading and entertainment' in the US.
As part of the multi-year collaboration, Novig will receive in-stadium signage across Citi Field, in-game moments, broadcast branding and original digital and social content.
The loss comes just days after a federal judge in Minnesota approved the CFTC’s request to block the state’s ban on prediction markets, which was set to go into effect on August 1.
Gabriel Perez allegedly used advance knowledge of presidential speeches to profit from prediction market bets.
The Lazio sponsorship, reportedly worth around €22m, had already faced political scrutiny, while Polymarket’s wider Serie A partnership could now face further questions.
Governor Tim Walz signed a bill to prohibit prediction markets after the legislation was approved by the Minnesota government in May, having been set to go into effect by August 1.
The CFTC proposed amendments to its event contract derivatives rules on June 12, providing its first-ever definition of gaming and opening a 45-day public commentary period.
The operator will also partner with BGC to enable the development of new client data products which combine prediction market sentiment with traditional financial market data.
The Council unanimously approved a prediction markets resolution during a July meeting in San Diego, which states the NCLGS ‘opposes the expansion of unregulated’ event contract trading.
