
Colorado Fined Fanatics $20,000. The Audit Is the Real Penalty
A promotional offer went twice to a VIP customer who had self-excluded. The cash penalty is trivial. The settlement also requires a 26-month lookback across every text the operator sent.
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A promotional offer went twice to a VIP customer who had self-excluded. The cash penalty is trivial. The settlement also requires a 26-month lookback across every text the operator sent.

A four-page letter from the Kentucky Derby's owner asks the Federal Trade Commission to review HISA's governance, transparency and technology controls. It was copied to all nine HISA directors and to five members of Congress.

Three Democrats have come back at the operator with eight more questions and a 17 September deadline, saying it "appears to be promoting addiction". The first round produced a $158 million responsible-gaming figure and, they say, no answer on the thing they actually asked about.

A dark web service was selling 153 million driver's licence scans. The suspected source, IDScan.net, runs identity checks at more than 20,000 locations, and Caesars Entertainment is on its customer list.

The temporary order we reported in July carried $120,000 a day. The preliminary injunction that replaced it on 1 September carries more than four times that, and tells Kalshi which geolocation vendor category it must use.

Five days after the Ninth Circuit split from the Third, New Jersey has filed for certiorari, one day before its deadline. The question is whether a federal commodities registration lets a company offer sports betting in every state while following the gambling law of none.

The Ringer founder said on his own podcast that he gave his sportsbook login to his daughter's boyfriend. Massachusetts requires operators to log every IP address an account is accessed from, and it still took a podcast.

The fight over whether prediction markets are finance or gambling has looked like a jurisdictional argument between regulators. CNN's analysis puts a number on what it decides in practice, and the number is a consumer protection question.

Bloomberg and the Wall Street Journal report that Donald Trump Jr's 1789 Capital is leading a $1bn round valuing Polymarket at $21bn. It comes in the same week a federal appeals court and two Canadian regulators decided its core product is gambling, not finance.

A federal appeals court has rejected the argument on which the entire prediction market industry rests, holding that a sporting result is not the kind of event the Commodity Exchange Act was written to cover. It is the clearest defeat Kalshi has suffered, and it points directly at the Supreme Court.

Five block trades on Louisiana State University's season pay out exactly the coach's national championship bonus. This is the clearest evidence yet that sports event contracts hedge something real, and it did not come from a retail trader.

A securities filing shows the operator agreed to pay up to $30 million over three years to HardScope, wholly owned by co-founder Matt Kalish, six weeks before he stepped down. The audit committee that approved it is appointed by a board he sat on.

Judge Donald W. Molloy refused a preliminary injunction on irreparable harm, holding that repeatedly agreeing to stay the case fatally undermined the claim of urgency. Connecticut lost its emergency application the same week.

The operator's own state list now reads 18, and West Virginia is the addition. It is one of only a handful of states where the casino product can travel with the sportsbook.

The sportsbook has gone live with markets that settle in five minutes, through Crypto.com's CFTC self-certification. On Kalshi, short-dated crypto has gone from $643m in April to more than $4bn in July.

Hours after the NFL wrote prediction markets out of its data rights, Sportradar extended official data, streaming and integrity services to Polymarket across more than 20 competitions. One property is conspicuously absent from every one of these deals.

Answering three members of Congress, the MLBPA said it proposed a joint lobbying effort against in-game performance props and event contracts, and that Major League Baseball would not join it.

The league confirmed three multi-year sportsbook deals on Thursday, five months after the category emptied. The most consequential line is the one about who is not in them.
The revised forms went live on Wednesday. One application per country, no account holding both a gambling and a social casino certification, and affiliates must certify that every outbound link goes to a licensee.

Order 3070 adopts an Action in Lieu of Complaint against Caesars over signage and self-exclusion, and adds disgorgement to the penalty. Two case files sit behind it, opened thirteen months apart.

Sixteen days after beating Kalshi in federal court, Connecticut filed its own verified complaint in Hartford. The cease and desist asked the exchange to stop. This asks it to pay back what it has already earned.

The definitive proxy filed on Wednesday sets a 22 September vote on a sale to the Fertitta group at a price the buyer cut by a dollar in April. It also records that Carl Icahn's group offered $34.00 a share during the go-shop and was not declared a superior bidder.

Two filings lodged with the CFTC on Tuesday turn individual NFL player availability into federally listed event contracts, trading from Thursday with no position limits. The legal argument for why they comply is sealed.

The Dodgers, Red Sox, Braves, Padres and Giants are Kalshi partners, and had been for weeks before anyone said so. Three of the five are in California, where no state lawsuit has been filed and the lobbying has already started.