Prediction Markets – Page 28 | Global Gaming Insider

Regulated operators back Brazil’s crackdown on prediction betting platforms

Industry bodies and legal experts support Government move, citing risks of illegal activity, unfair competition and lack of consumer safeguards

1 min read • Apr 27 • By Layla Victoria

CFTC sues New York over prediction market enforcement dispute

The federal regulator has escalated its legal fight with state authorities after New York moved against Coinbase and Gemini over event contracts, deepening uncertainty around how prediction markets will be regulated in the US.

2 min read • Apr 27 • By Shaan Khan

Legal & Regulatory Prediction Markets

France: Probe into alleged hairdryer tampering in $34k Polymarket weather bet

A substantial weather-related bet on Polymarket was won amid allegations that a temperature sensor at Paris’s Charles de Gaulle Airport may have been tampered with, possibly using a hairdryer.

2 min read • Apr 24 • By Marieta Lezaic

iGaming Online + 1 more

Vanguard CEO warns that prediction markets can harm “faith in the system”

The executive explained that prediction markets are a form of financial exploitation.

2 min read • Apr 24 • By Megan Elswyth

Legal & Regulatory Online + 2 more

Wisconsin DOJ sues prediction market operators over sports contracts

The lawsuits target Kalshi, Robinhood, Coinbase, Polymarket, Crypto.com and affiliates over alleged unlawful gambling activity in the state.

2 min read • Apr 24 • By Shaan Khan

Responsible Gambling Legal & Regulatory + 2 more

PHAI files class action lawsuit against Kalshi and Robinhood in Massachusetts

Within PHAI’s lawsuit, the Institute alleges Kalshi and Robinhood’s prediction markets are a “pretext designed to disguise" unlicensed sports betting as federally regulated "financial trading."

1 min read • Apr 23 • By Kirk Geller

Legal & Regulatory Marketing + 2 more

27 million followers: Brazilian Founder held in $320m betting probe

Influencer Raphael Sousa Oliveira accused of acting as a media operator in scheme involving illegal bets, raffles and money laundering.

1 min read • Apr 22 • By Layla Victoria

Legal & Regulatory Sports Betting + 1 more

New York AG sues Coinbase, regulators in New Jersey fail to seek rehearing against Kalshi

Attorney General Letitia James also filed for a temporary restraining order and preliminary injunction against Gemini after the operator unveiled intentions to offer event contract trading.

2 min read • Apr 21 • By Kirk Geller