The CFTC is no longer just defending prediction markets in court. It is now going on the offensive against the states trying to shut them down. New York is the latest target in a rapidly expanding federal legal campaign.
A cross-party group of UK lawmakers says current gambling advertising rules have failed children and vulnerable people. With the industry spending up to £2 billion a year on promotion, they want sweeping restrictions and they want them now.
New York's Attorney General is calling prediction markets what she says they really are: illegal gambling. The lawsuits against two of crypto's biggest names mark a significant escalation in the state versus federal battle over who controls this fast-growing sector.
A congressional hearing has exposed deep uncertainty at the heart of American prediction markets regulation. When the CFTC chair cannot tell a prediction market contract apart from a sportsbook bet, the regulatory gap becomes impossible to ignore.
Having clamped down on real-money gaming, India is now taking a lighter touch with social and skill-based games. The shift toward risk-based regulation could significantly reduce compliance burdens for a large segment of the country's gaming industry.
Less than 18 months after launching online, the UAE Lottery is building out its physical presence. A first dedicated retail outlet in Abu Dhabi marks the next step in a distribution strategy that is moving faster than many expected.
Australia's gambling regulator has handed Chasebet a formal warning for self-exclusion promotion failures, while simultaneously moving against 19 more unlicensed operators in an ongoing crackdown on the illegal market.
The return of 888 to the Netherlands via a ComeOn Group licence has triggered formal parliamentary scrutiny. The answers could reshape how the Dutch regulator assesses the history of operators seeking market access through third-party arrangements.
Spribe's global campaign to protect its Aviator crash game is gaining momentum in the courts. A Brazilian ruling against one of Flutter's own brands sends a clear message to the entire industry.
Washington's derivatives regulator has named the team that will help shape the future of prediction markets, cryptocurrency and AI regulation. The appointments signal where the CFTC's priorities lie.
Ontario wants to open its poker and daily fantasy sports markets to players across borders. Four lottery corporations say that would break the law. Canada's Supreme Court will now decide who is right.
From Robinhood's selective product choices to Europe's blanket bans, the prediction markets industry is facing a moment of reckoning over market integrity. The question is whether the sector can regulate itself before regulators do it for them.
