FanDuel partners with Real App on sportsbook and prediction market integration
The integration gives FanDuel a distribution presence in Real App’s sports feeds and live-game data features.
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Reports
CFTC and states dispute authority over prediction markets
Oversight of prediction markets remains contested between the CFTC and state gaming regulators as sports event contracts expand.
Canadian Lottery Coalition adopts CARG name for national gambling association
CARG’s rebranding reflects provincial policy coordination on prediction markets and illegal online gambling across the regulated sector.
Don Davis introduces bill banning candidates from trading on their own elections
Federal candidates would face financial penalties for trading prediction market contracts on their own elections under the proposed legislation.
Prediction markets record weekend trading volume above $9.4bn
DraftKings and FanDuel contributed another $7m to Nebraska’s online sports betting campaign as prediction markets exceeded $9.4bn in weekend volume.
Illinois judge blocks state gambling rules against Kalshi during court case
The order temporarily limits Illinois enforcement against Kalshi while the court considers the reach of state rules over prediction markets.
TMX Group considers prediction markets in Canada subject to client demand
TMX’s openness to Canadian prediction markets depends on client demand, with no launch announced.
Appointment
Dechert hires Carl Kennedy to strengthen prediction markets advisory practice
The appointment expands Dechert’s capacity to advise clients on prediction markets and CFTC regulation.
Ohio Casino Control Commission sends 10 cease-and-desist letters to prediction market platforms
The letters require named platforms to stop operating in Ohio, affecting their access to the state market.
Christofferson criticises betting as Utah challenges prediction markets
Utah’s effort to apply gambling prohibitions puts prediction market operators in conflict with the administration’s position on their classification.
US Supreme Court omits prediction market disputes from opening case list
Conflicting appeals court decisions leave operators facing unresolved questions about state enforcement of gambling laws against sports event contracts.
POGO urges US Senate to widen military prediction market trading restrictions
POGO’s requested trading ban, financial disclosures and explicit penalties would strengthen prediction market restrictions for Department of Defense personnel.
Fine
Spain reports €465.4m in illegal online gambling fines, none collected
The unpaid sanctions show the enforcement challenge posed by foreign jurisdictions, opaque structures and replaceable domains and payment systems.
OCCC orders 10 prediction market recipients to stop Ohio sports contracts
Recipients must stop offering sports event contracts in Ohio and confirm compliance in writing by 16 October.
Regulators and gaming executives oppose prediction markets at G2E
Opposition from regulators and gaming executives highlights prediction market concerns alongside industry discussion of compliance, oversight and risk.
Illinois federal judge finds Kalshi sports contracts likely qualify as swaps
The Illinois finding supports Kalshi’s sports contracts qualifying as swaps as Ohio regulators pursue separate enforcement against prediction markets.
Tax Law Center urges wagering tax treatment for US sports prediction contracts
Prediction market operators could face the gambling tax treatment applied to conventional sportsbooks if authorities adopt the analysis’s interpretation.
Caesars and MGM rule out prediction markets over Nevada licensing risks
Nevada licensing risks and regulatory warnings are keeping Caesars and MGM out of prediction markets.
Ohio governor says state can apply gambling laws to Kalshi contracts
Ohio’s stated position creates a risk of state enforcement against Kalshi’s sports event contracts.
Pennsylvania lawmakers consider betting app limits amid addiction concerns
Proposed Pennsylvania restrictions could limit operators’ VIP programmes, microbets and push notifications amid gambling addiction concerns.
Analysts assess gaming stocks and DraftKings trends after G2E
The analyst comments cover DraftKings’ trading trends, prediction-market investment timing and regulatory uncertainty.
North Carolina records 12 consecutive months above $500m in sports wagers
Rising sports betting treatment enquiries underpin advocates’ concerns that North Carolina’s mandated addiction funding is insufficient.
Polymarket contests KSA operating ban in Dutch court
The challenge contests the KSA’s classification of prediction markets as gambling and its ban on Polymarket serving Dutch users.
DraftKings shares hit three-year low as Flutter also declines
DraftKings and Flutter share declines reflect investor concerns over weaker earnings, promotional spending and prediction market competition.
CFTC sends two prediction-market rule proposals to White House
The proposals could reshape whether federal or state authorities oversee prediction-market contracts.