Latest Articles
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GamblingHawthorne Race Course’s sale deadline set as bankruptcy scrutiny process intensifies
Qualified buyers have until June 26 to submit bids for Hawthorne Race Course as the historic Illinois racetrack seeks a buyer or investor during its ongoing Chapter 11 bankruptcy proceedings....
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Prediction MarketsNevada court backs regulators against Polymarket amid ongoing enforcement actions
Nevada gaming regulators have secured another courtroom win in their campaign against prediction-market platforms, with a state judge granting a preliminary injunction against Polymarket US. The Nevada Gaming Control Board...
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GamblingGalveston County raids target alleged gambling network across multiple properties
A sweeping law enforcement operation unfolded across Galveston County on Monday (June 1) as investigators moved to break apart what they say was a long-running illegal gambling network centered in...
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Prediction MarketsIllinois budget bill targets sports prediction markets with unique transaction tax
Illinois lawmakers have signed off on a budget measure that would create what appears to be the first state tax aimed specifically at sports event contracts traded through prediction markets....
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CasinoBarry Diller’s People Incorporated seeks to take MGM private in $18B deal
Barry Diller’s People Incorporated has made a move to take MGM Resorts International private, putting forward a cash offer of $48.30 a share for the stock it does not already...
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GamblingBurbank laboratory owner jailed after Medicare fraud funded gambling habit
A Burbank blood-testing laboratory owner who used Medicare reimbursement money to support a gambling habit, pay personal expenses and evade millions in taxes has been sentenced to more than four...
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GamblingTwo arrested in Manchester gambling raid as wider scrutiny grows
Two people were arrested after police and regulators carried out a raid at a suspected illegal gambling venue in central Manchester, according to authorities. The action followed reports that a...
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Prediction MarketsKalshi launches regulated crypto perpetual futures as US oversight expands
Kalshi is preparing to bring crypto perpetual futures to U.S. traders, making it the first company set to offer the product under Commodity Futures Trading Commission oversight. The move comes...
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GamblingHawthorne creditors seek probe into racing funds amid bankruptcy dispute case
The owners of Hawthorne Race Course and the official committee representing unsecured creditors are asking a bankruptcy judge to authorize an investigation into Illinois Department of Agriculture Director Jerry Costello...
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GamblingSarasota gambling raids seize 69 machines as enforcement expands
Florida authorities say two suspected illegal gambling businesses in Sarasota County were shut down during a coordinated operation that resulted in dozens of gaming machines being confiscated along with more...
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Prediction MarketsFederal agencies seek injunction against Rhode Island event contract restrictions
The United States and the Commodity Futures Trading Commission (CFTC) have asked a federal judge to block Rhode Island from enforcing state law against federally regulated event contracts, deepening a...
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BettingMarves Fairley pleads guilty as NBA betting probe widens
Marves Fairley pleaded guilty Thursday (May 28) in federal court in Brooklyn, a major development in the widening sports betting investigation that has drawn in gamblers, intermediaries and former NBA...
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Prediction MarketsKalshi sues Minnesota over prediction markets felony ban before August
Kalshi is asking a federal court to stop Minnesota from enforcing a new law that would make categories of prediction markets a felony offense. The lawsuit was filed Wednesday (May...
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Prediction MarketsTribal coalition urges appeals court to reject Kalshi betting theory challenge in Tennessee
A coalition of tribal organizations and federally recognized tribes is asking a federal appeals court to overturn a ruling that temporarily blocked Tennessee from enforcing its sports wagering laws against...
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Prediction MarketsKalshi launches political power index amid scrutiny over prediction markets
Kalshi has rolled out a new political benchmark that tries to capture the balance of power between Democrats and Republicans in a single number. The product, called the Kalshi American...
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Prediction Markets
CFTC moves into Rhode Island fight over prediction market authority
Federal regulators are stepping into an escalating court battle over prediction markets, backing Kalshi's challenge to Rhode Island's attempt to block sports-related event contracts. On Thursday (May 28), the Commodity...
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CasinoFertitta Entertainment strikes multibillion dollar deal to acquire Caesars operations
Fertitta Entertainment plans to buy Caesars Entertainment in an all-cash agreement valued at roughly $17.6 billion, including the assumption of nearly $11.9 billion in debt, the companies said Thursday (May...
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Prediction MarketsKalshi and Arizona regulators seek paused appeal while Ninth Circuit weighs cases
Kalshi and Arizona gaming regulators want the Ninth Circuit to slow down an appeal that could help define how far federal commodities law reaches into state gambling enforcement. In a...
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GamblingCFTC retreats from Gemini Bitcoin futures enforcement case amid controversy
The Commodity Futures Trading Commission (CFTC) and Gemini Trust Company are now jointly asking a federal court to unwind key parts of a 2025 consent order tied to a yearslong...
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Prediction MarketsRegulators accuse Google engineer of profiting through Polymarket insider trading scheme
Federal regulators say a Google software engineer secretly used internal company information to place highly successful bets on Polymarket contracts tied to Google’s annual Year in Search rankings. The Commodity...
