Author: Maisie Morrison

TLDR New Jersey filed a Supreme Court petition on Sept. 2 over Kalshi’s sports event contracts The state wants justices to resolve a split between the Third and Ninth Circuit Courts New Jersey argues Kalshi’s legal theory could put traditional sportsbooks and casinos at risk Kalshi says it operates as a nationwide exchange that cannot follow 50 different state rules Courts have ruled 34 times in favor of states and 6 times in favor of prediction markets New Jersey has asked the U.S. Supreme Court to decide whether prediction markets can offer sports event contracts without following state gambling laws.…

TLDR A Michigan court issued a preliminary injunction ordering Kalshi to stop offering sports betting markets in the state. Judge Rosemarie E. Aquilina ruled the platform’s operations pose immediate harm to youth and vulnerable residents. Kalshi allowed users as young as 18 to trade, below Michigan’s legal gambling age of 21. The order requires Kalshi to use a licensed geolocation provider to block Michigan users. Kalshi faces a fine of $500,000 per day if it fails to comply with the geofencing rules. A Michigan court has ordered Kalshi to stop offering sports betting markets to residents of the state. The…

TLDR Churchill Downs and horsemen’s groups sent letters to the FTC asking for an independent review of HISA’s data security. The request follows the Marshall Gramm case, where he accessed horse health records he wasn’t authorized to view. HISA spent $10.7 million on IT systems in 2025, up 75% from 2023. Trainer Angel Quiroz was suspended after three horses tested positive for a banned substance, raising questions about delayed disclosure. HISA says it welcomes the FTC’s review and has already been in contact with the agency. Churchill Downs and several horsemen’s groups have asked the Federal Trade Commission to launch…

TLDR South Africa’s lottery operator Sizekhaya says more than R120 million ($7.5 million) in Lotto and PowerBall prizes remains unclaimed. Winners have 365 days to claim prizes before the money moves to the National Lotteries Distribution Trust Fund. Many tickets were bought through banking apps, so winners may already have alerts waiting in their messages. A R93.5 million PowerBall jackpot from a ticket bought in Molapo, Soweto, has not been claimed. A separate R23 million prize from a ticket bought through an Absa banking app on June 13 is also still unclaimed. South Africa’s lottery operator, Sizekhaya, is asking players…

TLDR ANBIMA released a new study examining online betting behavior in Brazil, based on interviews with 60 current and former gamblers. The research identifies four bettor profiles: Fortune Follower, Lion Killer, Reality Expert, and Thrill Seeker. Data shows 7% of Brazilians bet occasionally, 1% bet daily, and 11% of bettors are considered high risk for addiction. The study separates sports betting from online casino games, noting casino formats can lead to longer play sessions. ANBIMA recommends financial education programs instead of banning betting platforms. The Brazilian Financial and Capital Markets Association, known as ANBIMA, has published a study looking closely…

TLDR The Star Sydney may get its suspended casino license back on a conditional basis by the end of September. NSW Independent Casino Commission Chief Commissioner Philip Crawford outlined the plan at a budget estimates hearing on August 26. Government-appointed manager Nick Weeks would shift to a monitoring role instead of managing the casino. A suitability assessment under section 31 of the Casino Control Act would still follow within 12 to 18 months. A Federal Court ruling on AUSTRAC’s AU$400 million penalty claim is also expected around the end of September. The Star Sydney could get its casino license back…

TLDR India’s Directorate General of GST Intelligence traced INR700 billion ($7.4 billion) in illegal online gaming and betting transactions over one financial year. The figure covers transactions identified, not confirmed tax evasion or revenue loss, which remains under investigation. The DGGI wants payment records to show which website directed each transaction, closing a gap used by proxy merchants. A 14-month probe tied the networks to possible money laundering, with a report sent to the Central Board of Indirect Taxes and Customs this month. India’s Online Gaming Act, 2025 already bans online money games, with rules in force since May 1,…

TLDR Brazil’s Senate Constitution and Justice Committee (CCJ) removed Article 139 from Public Security PEC 18/2025. The article would have sent 30% of fixed-odds betting revenue to security and prison funds instead of sports. The change avoids an estimated loss of about R$500 million a year for Brazil’s sports budget. Senator Rogério Carvalho led the report that kept the current funding law in place. Sports groups including CBC and FENACLUBES say the fight continues in the full Senate vote. Brazil’s sports sector avoided a funding cut this week after a Senate committee removed a measure that would have redirected betting…

TLDR Kalshi added perpetual futures trading for BNB, Cardano, Worldcoin, AAVE and Venice Token. The platform now offers perpetual futures on Bitcoin and 17 altcoins in the US. Contracts are CFTC-regulated, carry no expiration date and settle in US dollars. BNB price rose over 5% and ADA climbed nearly 10% following the launch. CME Group’s lawsuit against the CFTC continues as regulators seek dismissal. Kalshi has launched perpetual futures trading for five more crypto assets. The new contracts cover BNB, Cardano, Worldcoin, AAVE and Venice Token. The move expands the prediction market platform’s crypto trading lineup in the United States.…

TLDR Former Texas Tech wide receiver Roy Alexander filed a lawsuit against the NCAA on Aug. 19 in Bexar County District Court, Texas. He is challenging a six-game suspension tied to sports betting he did between January 2023 and April 2025. Alexander admits he broke NCAA rules but says he never bet on games involving his own teams. His case follows former Texas Tech quarterback Brendan Sorsby, who won a temporary injunction against a similar NCAA penalty earlier this year. The NCAA says it stands by its betting rules and plans to keep defending them in court. Former Texas Tech…