Sports Betting Alliance (SBA) warned Chicago officials about the proposed online sports betting market plan. This plan could disrupt legal operations. Revenue might drop for public funds. Regulatory confusion will happen if implemented as written. An industry group sent a letter to Mayor Brandon Johnson’s office last week. SBA asked the city to delay the […]

Truist Securities experts shared careful but positive thoughts on DraftKings’ new prediction markets platform launch. They called this move important for strategy but legally unclear. DraftKings released its separate DraftKings Predictions app in 38 states on 19 December. This launch greatly increases the company’s possible reach. It adds access to about 30% of the US […]

A US lawmaker has raised serious concerns about a partnership between CNN and the prediction market platform Kalshi, saying it could threaten markets and national security. Congressman Abe Hamadeh of Arizona wrote to Caroline Pham, the acting chair of the Commodity Futures Trading Commission CFTC, asking for urgent review of the deal. In his letter, […]

Gambling participation, regulation of mandatory limits, advertising and research in the industry were all reported. Arno Rutte, the new Secretary of State for legal protection of the Netherlands, presented a few new studies to the Dutch parliament this week in order to give credit to the plans of the government to reform gambling. Amendments to […]

Norsk Tipping has been established to fix various failure points in complying with regulations and has been informed of the possible administrative penalty of the value of up to NOK1m (€83,924), after being subject to a supervisory audit by the Norwegian Gambling Authority (Lottstift). The regulator found that the state-owned gambling operator did not comply […]