Polymarket Becomes Fourth Prediction Market Pushed Out of Michigan Sports Betting
TLDR Polymarket US must close existing Michigan sports contracts by November 25 under a federal court-approved deal. Kalshi, Coinbase and Robinhood have also […]
Warren and Merkley Ask if Other White House Staff Bet on Prediction Markets
TLDR Senators Elizabeth Warren and Jeff Merkley sent a letter to White House Counsel Will Scharf. They want to know if other White […]
New York Man Charged With Wire Fraud Over Fake Property Deals Pitched to Friends
TLDR Andrew Laub, 59, of Goldens Bridge, New York, was arrested on Nov. 10 and charged with wire fraud. Prosecutors say three identified […]
CFTC Reportedly Warns Kalshi of Charges Over Self-Certified Contract Filings
TLDR The CFTC has reportedly warned Kalshi it could face charges over contract self-certifications. Politico’s source says Kalshi failed to properly notify the […]
UK Gambling Commission Faces Call for Inquiry From Politician It Investigated in 2024
TLDR Kevin Craig wants Parliament to investigate the UK Gambling Commission. He bet £800 that he would lose his 2024 election race. Labour […]
DraftKings Makes Third Round of Job Cuts This Year, Polymarket Also Trims
TLDR Polymarket appears to have confirmed layoffs, but the cuts were smaller than the 30% figure rumored online. Some believe the prediction market […]
Offshore Bookmakers Lose Ground in Australia as Melbourne Cup Lifts Licensed Brands
TLDR Australian betting brand demand rose 34% week-on-week from November 2 to 8, according to Blask. Licensed brands gained 50% during the week, […]
Prediction Markets Offer Illegal Sports Bets, Massachusetts Regulator Tells Congress
TLDR Massachusetts’ top gaming regulator called prediction market sports contracts “sports wagers by another name.” He backed the state attorney general’s lawsuit against […]
Bulgaria Takes Second Shot at Gambling Ad Ban After July Defeat in Parliament
TLDR Bulgaria’s cabinet approved a draft bill on November 11 banning gambling ads across all media. Online operators would pay a monthly state […]
Polymarket Hires Wall Street and Big Tech Executives as It Cuts Contractors Before IPO
TLDR Polymarket confirmed layoffs of some full-time staff and many contractors, mostly in marketing. A source called viral claims of a 30% workforce […]