MGCB Cracks Down on Unlicensed Sports Prediction Platforms

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Mobile gaming, Unlicensed Operation, Sports betting, Online Gambling News, Michigan
The Michigan Gaming Control Board (MGCB) has launched formal investigations into several unlicensed platforms offering sports-related prediction markets, flagging serious concerns about consumer safety and the ...

Maryland Attempts to Shut Down Unauthorized Online Sports Event Contracts

Johnny K.
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Illegal Bookmaking, Unlicensed Operation, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation, Maryland
Maryland’s top gaming authority has ordered three major financial trading platforms to immediately stop offering sports-based contracts that resemble unlicensed sports betting. On Monday, the Maryland Lottery a...

Kalshi Under Increasing Legal Scrutiny for Sports Prediction Markets

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, North America Casino News, Online gambling regulation, Gaming Industry News, Connecticut, Unlicensed Operation, Sports betting, Online Gambling News, Illinois, Fines, Lawsuits & Litigation
The regulatory storm surrounding prediction market operator Kalshi continues to intensify, with a growing number of states scrutinizing its operations. The Connecticut Department of Consumer Protection (DCP) ha...

Ohio Issues Cease-and-Desist Orders to Kalshi, Robinhood, and Crypto.com Over Sports Betting Contracts

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Technology, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation, Nevada, New Jersey, Ohio
Ohio has become the latest state to take regulatory action against Kalshi, Robinhood, and Crypto.com, issuing cease-and-desist orders against the three platforms for allegedly offering unlicensed sports betting...

New Jersey Orders Kalshi and Robinhood to Halt Sports Wagering Operations

Johnny K.
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation, New Jersey
The New Jersey Division of Gaming Enforcement (NJDGE) has issued cease-and-desist orders to prediction market platform Kalshi and financial trading firm Robinhood, demanding that they immediately cease offering...

Massachusetts Investigates Robinhood Over March Madness Prediction Markets

Johnny K.
NCAA, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Technology, Sports betting, Online Gambling News, Massachusetts
Massachusetts regulators have launched an investigation into Robinhood’s latest venture, a prediction-markets hub that allows users to place bets on the outcomes of the NCAA’s March Madness basketball tournamen...

Robinhood Partners with Kalshi to Launch Diverse Prediction Markets Hub

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, U.S.A., Gaming Industry News, Technology, Mobile gaming, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships
Robinhood, a leader in financial trading platforms, is expanding its service offerings through a strategic partnership with Kalshi by launching a dedicated prediction markets hub within its app. This initiative...

Robinhood suspends Super Bowl contracts after CFTC intervention

Johnny K.
Cryptocurrency, NFL, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation
Robinhood has decided to halt its newly introduced Super Bowl betting contracts just one day after launch, following a request from the U.S. Commodity Futures Trading Commission (CFTC). The online brokerage had...

Robinhood Introduces New Presidential Election Betting Market with Innovative Derivative Contracts

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, U.S.A., Gaming Industry News, Mobile gaming, Licensed online casinos in USA, The Players Lounge, Online Gambling News
In a notable advancement in retail investing, Robinhood has introduced a new way for users to engage with the upcoming U.S. presidential election. Starting on October 28, Robinhood’s platform will enable U.S. c...