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LOTBA director warns of illegal betting promotion and prediction-market regulatory gaps

Regulation

In an interview, LOTBA director Ezequiel Domínguez said prediction markets and social-media promotion of illegal betting pose regulatory challenges in Argentina. He argued that regulators need updated tools, stronger cooperation with the justice system and prevention and digital education efforts; the source also describes the Polymarket case as Argentina’s first blocking of a prediction-market platform in Latin America.

Domínguez’s comments set out LOTBA’s concerns about unlicensed betting promotion and regulatory treatment of prediction markets.

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Regulation

Polymarket and OG.com sue Arkansas over prediction-market enforcement

Polymarket and Crypto.com-owned OG.com filed separate federal lawsuits against Arkansas officials, seeking to prevent enforcement of state gambling laws against their event-contract markets. Both companies cite the state’s recent case against Kalshi as evidence that they could face enforcement; the suits argue federal law pre-empts Arkansas law.

Prediction-market operators Polymarket and OG, which is owned by Crypto, have brought separate federal suits to stop Arkansas from applying state gambling laws to their markets. Their defendants include Attorney General Tim Griffin and members of the Arkansas Racing & Gaming Commission, according to the source.

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