CasinoCity Times

    Michigan Gaming Control Board reacts to temporary restraining order against Kalshi

    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.

    CFTC sues Kentucky

    The Commodity Futures Trading Commission (CFTC) has initiated a lawsuit against the state of Kentucky. The CFTC seeks to prevent Kentucky from using state laws to close down CFTC-registered contract markets, asserting federal jurisdiction over these entities.

    BreakingRegulatory

    ProphetX launches nationwide in the US

    ProphetX, a sports prediction market, has launched nationwide in the US after receiving approval from the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market and Derivatives Clearing Organization. This approval allows them to operate legally across the country, marking a significant step for sports-native prediction markets.