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Tribal gaming attorney says scrutiny of prediction markets is increasing

Enforcement & compliance

Attorney Scott Crowell said scrutiny of sports betting prediction markets is increasing during an Indian Gaming Association webinar. The report cited Arizona criminal charges against Kalshi and a Nevada temporary restraining order barring the company from operating in the state; Kalshi subsequently stopped taking wagers from Nevada residents.

The Arizona and Nevada actions show how scrutiny can constrain prediction-market operators’ sports wagering activity.

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Regulation

Washington court grants injunction against Kalshi as prediction market scrutiny grows

A Washington state judge granted the state a preliminary injunction against Kalshi, ruling officials were likely to succeed on claims its event contracts breach state gambling law. Crypto.com's OG platform then filed a preemptive federal lawsuit against Washington officials. Lawmakers also held a House hearing and introduced federal and Pennsylvania bills on prediction markets.

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