Rival factions of the Thlopthlocco Tribal Town are asking the Oklahoma Supreme Court to rule on state courts’ authority in their leadership dispute. The conflict has left the Golden Pony Casino closed since 31 October and the tribe’s finances frozen, according to court filings cited in the report.
The court’s ruling could affect the dispute over tribal governance and the casino’s closure.
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Oklahoma will begin enforcing new restrictions on dual-currency sweepstakes casinos on 1 November, after lawmakers overrode a veto to pass the measure earlier this year, citing World Casino Directory. The state joins a growing group of US jurisdictions that have banned or restricted the model through legislation, regulators, attorneys general or existing gambling law.
Dual-currency sweepstakes casinos in Oklahoma face fresh restrictions that are due to be enforced from 1 November. Lawmakers had passed the measure earlier in the year by overriding a veto, the report notes.
New York’s attorney general’s office accused the CFTC of using an emergency order to promote Kalshi’s interests in litigation nationwide. The office made the allegation in a letter dated 31 August to a US District Court.
CFTC Chair Michael Selig said the commission is filing a friend-of-the-court brief in the Ninth US Circuit Court of Appeals in support of Crypto.com. He said nearly 50 active cases challenge federal oversight of event contracts, with many arguing they amount to gambling under state laws.
Springfield’s counsel asked a Hampden County Superior Court judge on Wednesday to move the confidential arbitration with MGM Resorts International into open court. MGM is disputing the city’s refusal to approve a proposed sale of MGM Springfield to Canadian private equity firm Clairvest; MGM claims in arbitration that the delay has caused $500 million in damages. The city cites contractual employment and gaming-floor commitments it says remain unresolved.
Attorney Josh Sterling said prediction market operators could pursue state sportsbook licences or expand into other financial products if the Supreme Court rules against their sports event contracts. New Jersey has asked the court to review the dispute after the Third Circuit ruled for Kalshi in April. The justices have not agreed to hear the case.
Attorney Josh Sterling told the NEXTPredict conference in New York on Friday that prediction market firms have options should the justices side against them on sports event contracts. Those options, the Milbank partner and former Commodity Futures Trading Commission official said, include applying for sportsbook licences, moving deeper into other financial products, or creating offerings that earn more. Covers reported his remarks. New Jersey wants the Supreme Court to settle the matter following the Third Circuit's April decision for Kalshi, but the justices have not yet granted review.