Tag Archives: ReadWrite

The Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announces a review and modernization of financial market regulation, including embracing prediction markets. Selig has written an op-ed promising a “new course” for the CFTC, kicking off with the Future-Proof initiative. This … Continue reading →

A senior figure at Galatasaray has been handed a sentence as Turkey’s wide-ranging investigation into illegal football betting continues to grow, drawing in players, referees, and club executives. Cumhuriyet reports that the club’s general secretary, Eray Yazgan, was sentenced by … Continue reading →

College athletics entered a new era on May 14, 2018, when the U.S. Supreme Court issued its ruling in Murphy v. National Collegiate Athletic Association (NCAA), a decision that removed the federal barrier preventing states from authorising sports betting. The … Continue reading →

Five US Senators, led by Republican Katie Britt and Democrat Dick Durbin, have published a letter urging action against youth gambling. Britt and Durbin have jointly led a cross-party letter with Senators Lindsey Graham (R-S.C.), Jeanne Shaheen (D-N.H.), and Brian … Continue reading →

After Kalshi moved to dismiss it, an injunction was granted against the prediction market in favor of Massachusetts. Judge Barry-Smith has granted an injunction against Kalshi in Massachusetts, preventing the prediction market operator from offering sport-related event contracts due to not … Continue reading →

Robinhood has launched a new custom sports betting offering called “Custom Combos,” which allows multiple selections to be added to a single fixed-odds contract. The terminology of the custom contract is a noticeable move away from the traditional term “parlay” … Continue reading →

Twenty-seven US states have backed tribal appellants in a federal gambling law case against Kalshi that could help define the future trajectory of gambling regulation across the United States. As market analysts and investors continue to pour capital into the … Continue reading →

Finland is seeing major change take place in its gambling market, as a government-issued press release states “Veikkaus Oy’s monopoly on running gambling games will end.” This comes as the country has agreed upon a new Gambling Act which will … Continue reading →

The German-based sports betting and online gambling operator Tipico has been welcomed into the European Gaming and Betting Association (EGBA), as it becomes its newest member. The EGBA group is a Brussels-based trade association which aims to represent online gambling … Continue reading →

The United Kingdom’s Gambling Commission has received a decision involving a protracted court case brought by some of the nation’s biggest former gambling bosses. The civil case centred on legal action brought by the former heads of Ladbrokes and Coral, … Continue reading →