New York officials and prediction market operator Polymarket have entered a new legal battle that could further shape the ongoing debate over who has authority to regulate event-based trading contracts in the United States. On Thursday, New York Attorney General Letitia James and Governor Kathy Hochul announced legal action against QCX LLC, doing business as Polymarket US, alleging that the...
The UK government has launched a consultation on proposals that would prevent licensed betting operators from offering wagers on the outcome of National Lottery Powerball draws, a move aimed at aligning the game with existing protections that apply to other National Lottery products. The consultation, led by the Department for Digital, Culture, Media and Sport (DCMS), opened this week and...
The Massachusetts Gaming Commission will review how licensed sports betting operators use artificial intelligence and machine learning, beginning with DraftKings following concerns raised about the operator’s promotional practices. Chair Jordan Maynard announced the planned review during the Commission’s September 24 public meeting, according to Sports Betting Dime. MGC Executive Director Dean Serpa and staff will engage directly with DraftKings to...
Caesars Entertainment shareholders have approved Tilman Fertitta’s proposed $17.6 billion acquisition of the casino operator, allowing the transaction to move forward while federal antitrust and other regulatory reviews remain outstanding. Shareholders voted on the proposed merger at a special meeting held Tuesday at the Eldorado hotel-casino in Reno, Nevada. According to a filing with the U.S. Securities and Exchange Commission,...
Finland’s National Police Board has received 75 gambling licence applications as the country prepares to open its competitive gambling market on July 1, 2027, marking a substantial increase from the 50 applications recorded earlier in the year. The National Police Board confirmed that it had received 75 applications as of September 22. The regulator had reported 50 applications in June,...
Queensland has granted The Star Gold Coast another six months before a planned suspension of its casino licence takes effect, moving the deadline from September 30, 2026, to March 31, 2027. The decision gives The Star Entertainment Group additional time to complete outstanding remediation work and keeps independent oversight of the property in place. The casino had faced a 90-day...
The U.S. Commodity Futures Trading Commission (CFTC) has issued new guidance highlighting concerns about a growing category of prediction market contracts that depend on the actions or statements of specific individuals. The agency’s Division of Market Oversight (DMO) advised designated contract markets (DCMs) that so-called “mention markets” may face greater susceptibility to manipulation and should undergo heightened scrutiny before being...
Tesco has found itself pulled into a growing online gambling scam in which fraudsters borrow the names of well-known companies and celebrities to make casino promotions look legitimate. Ads for a supposed “Tesco casino” recently appeared on Facebook and Instagram, giving users the impression that the supermarket giant had entered the online gambling business. It had not. Tesco reported the...
Republican Sen. John Curtis of Utah has asked Senate Judiciary Committee leaders to investigate business activities involving members of presidential families, with his request covering Donald Trump Jr. and Hunter Biden. Curtis sent a letter dated September 21 to Judiciary Committee Chair Chuck Grassley and Ranking Member Dick Durbin asking the panel to examine whether presidential family relationships have provided...
Barry Diller’s People Inc has withdrawn its proposal to acquire MGM Resorts International and take the casino operator private, ending negotiations that had continued for several months. People Inc submitted the proposal on June 1, offering $48.30 in cash for each MGM share covered by the transaction. The deal valued MGM Resorts at more than $18 billion, including debt. People...