New York’s Gaming Commission unanimously advanced proposals to restrict how licensed mobile sportsbooks use AI to personalize promotions and wagering advice, alongside new requirements to identify and contact patrons who may be at risk of problem gambling. The revised measures remain proposals, not rules in effect. The commission’s action puts both marketing systems and operator responses to risky

The Commodity Futures Trading Commission has issued two measures that would define which prediction-market contracts fall under federal derivatives rules and which remain gambling products overseen by states. The agency says event contracts are within its exclusive authority under the Commodity Exchange Act, a position that puts the rulemaking at the center of an ongoing jurisdictional fight, as t

Wyoming’s Select Committee on Gaming unanimously sponsored draft legislation to ban online sweepstakes games, a proposal that would make operating them a felony but does not yet change the law. The measure would clarify a disputed area for state regulators and put operators on notice that the state may treat these games as illegal gambling. Draft targets operators, not a settled legal category The

The Seminole Tribe has sued DraftKings in Broward County, alleging the company is offering unlicensed sports betting in Florida and violating the Tribe’s exclusive position under the state’s 2021 gaming compact. The lawsuit puts DraftKings’ Florida products under direct legal pressure. The Tribe, which operates Hard Rock Bet, is asking a court to block the company’s operation and award restitution

Kalshi, Polymarket and the Coalition for Prediction Markets spent at least $3 million on lobbying and political contributions in 2026, as the companies and state officials fight over who can regulate prediction markets. The platforms say their contracts fall under federal oversight, while states argue they are gambling products governed by state law. The CFTC has sued states seeking to enforce gam

Blockchain.com has asked the CFTC for permission to offer prediction markets and cryptocurrency derivatives in the United States, but the applications have not yet been approved. The company told CNBC about the filings on October 9, according to FinanceFeeds. Its requests cover both retail and institutional customers; neither a U.S. launch nor a decision date was reported. Two registrations, two r

The CFTC is confronting an expanding crypto and prediction-market sector with fewer staff and sharply reduced enforcement activity, raising questions about its capacity to police markets where hundreds of billions of dollars are traded each week. By the end of 2025, the agency had 21% fewer employees than its average staffing over the previous decade, according to NPR’s October 8 report, which cit

The Michigan Gaming Control Board has issued cease-and-desist letters to 33 offshore operators accused of offering casino games, sweepstakes-style games or sports betting to Michigan residents without a state license. The October action also highlights a gap in protection for people who have self-excluded from legal online gambling. 33 operators received letters The MGCB said its investigations fo

The NFL has filed an amicus brief backing New Jersey’s petition for Supreme Court intervention, asking the justices to clarify whether states can regulate sports prediction contracts or whether federal oversight prevails, as reported by The Independent. The dispute puts Kalshi and other prediction-market operators at the center of a jurisdictional fight with direct consequences for where and how t

The U.S. Court of Appeals for the Sixth Circuit ruled against Kalshi on Sept. 25, saying Tennessee and Ohio can regulate its sports-event contracts under state gambling laws. The unanimous three-judge panel’s decision means Kalshi lost its bid to block enforcement while the disputes continue. The ruling adds to conflicting federal appeals court decisions about whether states or the CFTC can overse

Sen. Richard Blumenthal plans to seek information from DraftKings and prediction-market platforms including Kalshi and Polymarket, while continuing to press FanDuel for details about its VIP bettor program, Front Office Sports reported. The comments signal broader congressional questioning, not a filed enforcement action or an established violation. The inquiry could touch both DraftKings’ sportsb

Coinbase Financial Markets Inc. has agreed to stop offering new sports-event contracts to Michigan customers and close remaining open positions by midnight Saturday under an agreement with state regulators, the Michigan Gaming Control Board said. The deal gives Coinbase a firm deadline to wind down the products in the state. In return, Michigan will hold off on enforcement action while Coinbase co

Rep. Don Davis, a North Carolina Democrat, introduced the No Betting on Your Own Race Act, a bill that would bar federal candidates and specified people and campaign bodies connected to them from trading contracts tied to their own elections. Violators would face a civil penalty of $10,000 or three times the net financial gain, whichever is greater, according to Quartz. The proposal would place a

DraftKings and FanDuel each added $3.5 million to Nebraska’s online sports-betting campaign as prediction markets topped $9.4 billion in weekend volume ahead of the state’s November 3 vote. The contributions to Tax Relief Nebraska bring the sportsbooks’ latest fundraising push into focus as voters consider measures to authorize online wagering and establish its regulatory framework. The Nebraska o

Maine’s online casino market is legal but not live, with the Maine Gambling Control Unit taking public comments on proposed rules through Oct. 30 as a federal lawsuit challenging tribal exclusivity remains unresolved. No launch date has been confirmed, leaving operators’ path into the market dependent on rulemaking and an ongoing court fight. Rules and lawsuit shape the rollout The Gambling Contro

Bank of America upgraded DraftKings from Neutral to Buy, kept its $27 price target and estimated the company could collect about $400 million in prediction-market fees in 2027. The forecast gives investors a concrete measure of the potential contribution from a business DraftKings is expanding alongside its sportsbook. BofA also sees a separate $200 million to $400 million opportunity from market-

Pennsylvania lawmakers are considering House Bill 2801, a proposal that would prohibit sweepstakes casino-style platforms and create a state regulatory framework for skill-game machines if enacted as written. Deadspin reported that the measure combines the sweepstakes provision with rules for machines that have been at the center of a legal dispute. It remains a proposal, not a ban already in forc

Florida Attorney General James Uthmeier is suing the operators behind Chumba Casino, Global Poker and Stake.us, alleging that their sweepstakes casino platforms violate state gambling law and seeking to shut them down. The cases put more than the operators’ access to Florida at stake: the state is also seeking civil penalties and recovery of Floridians’ losses. As South Florida Reporter describes

Nevada has opposed Kalshi’s request to delay proceedings on its rehearing petition in the Ninth Circuit while the CFTC develops proposed event-contract rules, keeping the state’s challenge to the platform’s operations before the court. The dispute is part of a broader fight over whether federal commodities law prevents Nevada from applying its gaming rules to Kalshi’s sports-event contracts. CDC G

A Pennsylvania man who self-excluded from DraftKings and FanDuel after bankruptcy later found Kalshi through an Instagram ad and lost more than $25,000, NPR reported. Identified by his middle name, Thomas said he began betting on DraftKings and FanDuel during the pandemic, mostly on football and tennis parlays. Over several years, he accumulated about $75,000 in credit-card and personal-loan debt