Utah Attorney General Derek Brown said he would oppose prediction markets, describing them as equivalent to traditional sports betting, according to a media report. The report did not specify any legal action or next step.
The attorney general’s stance signals opposition to prediction-market operations in Utah.
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Minnesota Attorney General Keith Ellison filed a memorandum opposing the CFTC’s motion for a preliminary injunction against the state’s prediction market statute, according to the report.
Kentucky Attorney General Russell Coleman joined a multi-state coalition arguing that the Commodity Futures Trading Commission lacks jurisdiction over sports-related event contracts offered by prediction market platforms. The coalition said the contracts resemble sports betting products regulated by states and called on the federal government to recognise state authority.
New York Attorney General Letitia James filed lawsuits against Coinbase Financial Markets and Gemini Titan in state court in Manhattan, reportedly on Tuesday. The complaints allege that the platforms operate without licences from the New York State Gaming Commission and breach state gaming laws; the companies are expected to challenge the cases.
New York Attorney General Letitia James warned consumers about prediction markets ahead of Super Bowl LX, saying the platforms lack protections available through regulated betting and fall outside the New York State Gaming Commission’s oversight. She cautioned operators that advertising or promoting what appears to be sports betting could breach state gaming laws and lead to civil or criminal prosecution.
Missouri Attorney General Catherine Hanaway ordered Polymarket, Kalshi, Crypto.com, Novig, Underdog and Robinhood to comply with state sports wagering laws or stop offering sports event contracts in Missouri. The companies have 30 days to confirm compliance; the state says the contracts require Missouri Gaming Commission licences, and Robinhood disputes the state’s position.