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Sports entertainment platform DAZN and prediction market Polymarket have teamed up to integrate prediction trading into broadcasts.
The partnership will allow DAZN users to engage with prediction market contracts on sports, cultural events, and more directly within the entertainment platform. At the moment, DAZN offers live and on-demand sports streams and news, along with the ability to engage...
Former Los Angeles Dodgers right-fielder Yasiel Puig is preparing to head to trial for alleged involvement in an illegal sports betting operation.
The jury has been selected for the trial, due to be held in downtown Los Angeles for the former baseball star. Puig is facing federal charges of obstruction of justice and two counts of making false statements to federal investigators about involvement...
The Commodity Futures Trading Commission (CFTC) Chairman Mike Selig announces a review and modernization of financial market regulation, including embracing prediction markets.
Selig has written an op-ed promising a “new course” for the CFTC, kicking off with the Future-Proof initiative. This will start with a review of the agency’s existing rules and regulations, with a view to modernize those...
A senior figure at Galatasaray has been handed a sentence as Turkey’s wide-ranging investigation into illegal football betting continues to grow, drawing in players, referees, and club executives.
Cumhuriyet reports that the club’s general secretary, Eray Yazgan, was sentenced by an Istanbul criminal court to 10 months in prison and fined 2,000 Turkish lira ($46). The charge related to promoting...
College athletics entered a new era on May 14, 2018, when the U.S. Supreme Court issued its ruling in Murphy v. National Collegiate Athletic Association (NCAA), a decision that removed the federal barrier preventing states from authorising sports betting.
The ruling dissolved the federal prohibition on sports betting at the collegiate level, but it did not legalize gambling outright. Instead, it...
Five US Senators, led by Republican Katie Britt and Democrat Dick Durbin, have published a letter urging action against youth gambling.
Britt and Durbin have jointly led a cross-party letter with Senators Lindsey Graham (R-S.C.), Jeanne Shaheen (D-N.H.), and Brian Schatz (D-Hawaii), addressed to the US Centers for Disease Control and Prevention. It pushes for action to be taken to study and...
After Kalshi moved to dismiss it, an injunction was granted against the prediction market in favor of Massachusetts.
Judge Barry-Smith has granted an injunction against Kalshi in Massachusetts, preventing the prediction market operator from offering sport-related event contracts due to not having the correct license. The injunction will be filed by the Commonwealth no later than 4pm on January 21...
Robinhood has launched a new custom sports betting offering called “Custom Combos,” which allows multiple selections to be added to a single fixed-odds contract.
The terminology of the custom contract is a noticeable move away from the traditional term “parlay” as the predictions provider makes an effort to distance itself from the sports betting staple.
Robinhood launches Custom Combos
As we...
Twenty-seven US states have backed tribal appellants in a federal gambling law case against Kalshi that could help define the future trajectory of gambling regulation across the United States.
As market analysts and investors continue to pour capital into the fast-growing prediction markets sector, a fundamental legal dispute is unfolding over who has the authority to regulate wagers tied to real...
Finland is seeing major change take place in its gambling market, as a government-issued press release states “Veikkaus Oy’s monopoly on running gambling games will end.”
This comes as the country has agreed upon a new Gambling Act which will see the running of betting games, online slot and casino games, and online money bingo to be opened up to competition through a licensing system.
Finland...