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Underdog relinquishes fantasy sports licences in seven states to retain prediction markets
Underdog is giving up daily fantasy sports licences across seven US states to preserve its prediction markets business. State regulators told the company that its federally regulated prediction platform could not coexist with its state-licensed fantasy sports operations.
Albania reopens online sports betting market with plans for up to ten licences
Reportedly, Albania is reopening its online sports betting market after a seven-year ban. It plans to issue up to ten licences to international operators.
Arizona prepares applications for 10 limited sports betting licences
It was reported that the Arizona Department of Gaming plans to open applications for limited sports betting licences. Ten licences are available for retail betting at racetracks and associated off-track locations.
French police investigate reported Polymarket bets on Ballon d’Or
French police are reportedly investigating suspicious bets on Polymarket linked to the latest Ballon d’Or. Twelve accounts allegedly staked over 264m euro on the order of the first five finishers, with a reported profit of almost 200m dollars. France Football contacted police after receiving a warning before the final rankings were announced.
French police are reportedly investigating suspicious bets on Polymarket linked to the latest Ballon d’Or, placed from twelve accounts. The accounts were allegedly created by the same person between 1 and 20 October, just three days after the jury closed voting.
Sporttrade gains CFTC DCM registration as Utah summons Kalshi founders
Utah has summoned Kalshi co-founders Tarek Mansour and Luana Lopes Lara to appear in Salt Lake City on 4 December over 14 criminal charges filed by the state’s attorney general. Separately, the CFTC approved Sporttrade as a designated contract market, following its derivatives clearing organisation approval in mid-October; Sporttrade said it is onboarding brokers including Fliff.
Tarek Mansour, who serves as chief executive, and Luana Lopes Lara, the chief operating officer, are the co-founders of Kalshi facing 14 criminal charges in Utah state court. The state's attorney general, Derek Brown, brought 13 felony counts plus a single misdemeanor against the company in a late-October filing that also identified Mansour and Lara as co-defendants. An initial arraignment in Salt Lake City is scheduled for 4 December. Daniel Wallach wrote in a post that the company must "personally appear" at 8:30 a.m. that day before Salt Lake City's Third District Court.