Kalshi Lawsuit: Prediction Market Accused of Illegal Sports Betting Prediction market platform Kalshi Inc. is embroiled in a fierce legal battle as seven customers have filed a class action lawsuit in a New York court, accusing the company of operating as an unlicensed sports bookmaker while peddling deceptive claims of “legal sports betting.” This case […]
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Crypto.com Defies CFTC, Continues Super Bowl Betting Across U.S. Crypto.com has boldly rejected a request from the Commodity Futures Trading Commission (CFTC) to suspend its sports betting contracts nationwide, sparking a regulatory showdown over the future of digital betting in America. Crypto.com rejects CFTC’s suspension request for sports contracts. CFTC reviews if Crypto.com’s offerings violate […]
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Polymarket’s Comeback: Sports Betting Fuels Growth in Decentralized Prediction Markets on Polygon Polymarket has made a significant recovery after a post-U.S. election slump, driven primarily by a surge in sports betting. This resurgence has not only revitalized the platform but also significantly impacted the Polygon network. Polymarket rebounds with a focus on sports betting. Platform […]
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