Author: Maisie Morrison

TLDR Kalshi filed a federal lawsuit against Minnesota after Gov. Tim Walz signed a second prediction market ban bill, SF 3432, on May 26, 2026. The lawsuit claims Minnesota’s ban violates federal law by overriding the CFTC’s exclusive authority over event contracts. Kalshi argues the state is effectively criminalizing activity that federal regulators have already approved. The suit also includes a First Amendment claim, saying Minnesota cannot ban advertising for federally lawful products. Similar prediction market lawsuits are active in Arizona and Rhode Island, with federal courts so far siding with federal jurisdiction. Kalshi has filed a federal lawsuit against…

TLDR 3,108 people received gambling addiction treatment in the Netherlands in 2025, up 13% from 2,750 in 2024 The rise follows the legalization of online gambling in October 2021 under the Remote Gambling Act Roughly half of new patients had never previously received specialist addiction care The Dutch government has introduced advertising bans, deposit limits, and sports sponsorship phase-outs Over 100,000 people have registered on the national self-exclusion system, Cruks Dutch Online Gambling Linked to Rising Addiction Treatment Numbers The Netherlands saw another annual increase in gambling addiction treatment cases in 2025, with new data pointing to online betting as…

TLDR Argentina has introduced a four-bill package to crack down on unlicensed online gambling platforms. Tech companies, payment processors, and ISPs face up to four years in prison for supporting illegal betting sites. Platform operators face up to six years in prison, with higher penalties if minors are involved. All gambling advertising will be banned across TV, radio, social media, and public spaces if the law passes. Sports clubs, athletes, and influencers will be prohibited from promoting or sponsoring betting brands. Argentina Targets the Tech Supply Chain Behind Illegal Online Gambling Argentina’s government has sent a sweeping package of gambling…

TLDR The CFTC has submitted a formal proposal to the White House to regulate prediction markets as financial derivatives, not gambling products. Platforms like Kalshi and Polymarket have faced growing scrutiny, including a Google employee charged with insider trading on Polymarket. Kalshi suspended and fined three political candidates who traded on their own election outcomes. Several U.S. states including New York, Minnesota, and Illinois argue prediction markets are gambling and should fall under state gaming laws. The Trump administration has backed the federal approach, framing prediction markets as a financial innovation issue. The CFTC has submitted a formal proposal to…

TLDR Fertitta Entertainment is acquiring Caesars Entertainment in a $17.6 billion deal, including nearly $12 billion in debt Shareholders will receive $31 per share in cash, a 49% premium over the pre-rumor share price The deal combines Caesars’ 60 casino resorts with Fertitta’s Landry’s restaurant and hospitality empire Tilman Fertitta’s ownership of the Houston Rockets could trigger sports betting restrictions in some states Regulators may require divestitures where Caesars and Golden Nugget properties overlap Caesars Entertainment Agrees to $17.6 Billion Takeover by Fertitta Entertainment Caesars Entertainment has agreed to be acquired by Fertitta Entertainment in a deal valued at $17.6…

TLDR Kenya’s Gambling Regulatory Authority (GRA) has urged Parliament to drop a proposed 20% tax on gambling winnings from Finance Bill 2026 The regulator says taxing non-cash prizes like electronics or spa treatments would be unenforceable GRA wants taxation limited to cash deposits only, calling it “simple, stable and predictable” Tax collections already rose 11% to Ksh28.45 billion (~$220m) by April 2026 under the current deposit-based system The Finance Bill 2026 is still under parliamentary review following public submissions that closed May 25 Kenya’s gambling regulator is pushing back against a government plan to bring back a 20% tax on…

TLDR Marves Fairley pleaded guilty to all seven federal charges in both NBA and NCAA basketball game-fixing cases He faces a maximum 20-year sentence, with prosecutors seeking 97 to 121 months; sentencing is set for February 24, 2027 Fairley used NBA connections to obtain insider information and recruited college players to shave points The NBA case centers on former Miami Heat player Terry Rozier allegedly manipulating his stats for gamblers Fairley joins co-conspirators Damon Jones and Jalen Smith in taking a guilty plea The Full Story Marves Fairley, a Mississippi sports bettor, stood before a federal judge in Brooklyn on…

TLDR India’s Supreme Court has ruled poker, fantasy sports, and rummy are subject to a 28% Goods and Services Tax as gambling The tax applies retrospectively, meaning operators face back-tax demands from before 2023 Tax is calculated on the full value of bets placed, not just gross gaming revenue Back taxes owed across the sector could total as much as US$14 billion The ruling adds pressure to a sector already facing a parliamentary ban on real-money online gaming India’s Supreme Court has ruled that skill-based games including poker, fantasy sports, and rummy fall under the definition of gambling for tax…

TLDR Sports law professor José Manssur says betting ads face more criticism than alcohol ads during sporting events, calling this a double standard Brazilian retail could lose up to BRL 103 billion in consumer spending to betting platforms in 2024, according to the CNC Manssur argues the retail sector’s opposition to betting is partly driven by lost sales revenue, not just public health concerns A 2019 national survey found 63.3% of Brazilian school students had consumed alcohol, with 34.6% starting before age 14 Manssur is calling for a consistent approach to advertising restrictions across both betting and alcohol industries Brazil…

TLDR Puerto Rico’s gaming regulator announced it will join the National Voluntary Self-Exclusion Programme (NVSEP) starting June 2026 The program lets residents ban themselves from multiple gambling operators through a single online application NVSEP is already active in eight US states including California, Michigan, Colorado and Louisiana The platform was built by tech firm idPair, which manages cross-jurisdictional exclusion lists Self-exclusion programs are growing worldwide, with Brazil and Portugal recently launching or updating their own systems Puerto Rico’s gaming regulator announced on Tuesday that the island will join the National Voluntary Self-Exclusion Programme. The move brings a centralized self-exclusion system…