The Michigan Gaming Control Board (MGCB) commented on the temporary restraining order issued against Kalshi, which immediately halted the prediction-market platform from offering unlicensed internet sports betting to Michigan residents. This action underscores the MGCB's commitment to enforcing licensed and regulated sports betting operations within the state.
The 6th U.S. Circuit Court of Appeals ruled that Ohio and Tennessee can regulate Kalshi’s sports-related event contracts under state gambling laws. This decision contributes to an ongoing federal appeals court split regarding whether prediction markets are subject to state gambling regulations or federal derivatives oversight.
Finland's National Police Board has received 75 gambling license applications, exceeding initial expectations, ahead of the market's planned opening on July 1, 2027. The NPB, acting as the temporary regulator, has not yet issued any decisions regarding these applications.
The Pennsylvania Gaming Control Board (PGCB) has issued fines against MGM Resorts International and CountR GmbH for licensing violations. MGM Resorts received a $50,250 fine for failing to timely file a Principal Licensing application.
A Provisional Measure signed by President Lula da Silva on September 25th prohibits all online betting operations, offerings, intermediation, and advertising in Brazil. The measure immediately bans platforms from accepting new bets and outlines the cessation of betting activities within the country.
Brazilian President Luiz Inácio Lula da Silva has implemented an outright ban on online betting in Brazil, a market that has grown significantly since its legalization two years prior. This decision is expected to have widespread implications beyond Brazil, impacting major global operators.