Betting industry news

    Minnesota Could Still Enforce Sports Betting Laws on Kalshi & Polymarket, Says Gaming Lawyer

    Despite a Minnesota judge blocking the state from enforcing new laws against prediction markets, a gaming lawyer suggests enforcement action against sports event contracts on platforms like Kalshi and Polymarket is still possible. The ruling's interpretation regarding the Commodity Exchange Act's preemption over state gambling laws for sports-related prediction markets remains a point of contention and potential legal action.

    BHA calls out UK Commission’s engagement on FRAs

    The British Horseracing Authority (BHA) disputes the Gambling Commission's (GC) claims of proactive engagement regarding Financial Risk Assessments (FRAs). This comes as the GC's Acting Chief Officer, Sarah Gardner, addressed a query from a parliamentary committee concerning FRA implementation, highlighting ongoing friction and differing views on crucial player protection measures within the UK betting industry.

    Brazil betting operators submit a report to the government challenging the impact on household debt

    Brazil betting operators submit a report to the government challenging the impact on household debt

    Brazilian betting operators, through the ANJL, have submitted a report to the government challenging the findings of a National Trade Confederation (CNC) study that linked sports betting to increased household debt. The ANJL report highlights significant flaws and discrepancies in the CNC's data, aiming to provide a more accurate representation of the industry's economic impact.