By The Weekly Edge desk ·
A federal judge granted a joint request from Novig and Massachusetts to pause their prediction market litigation, Gambling Insider reported. Novig and New Mexico officials separately requested a similar pause while other prediction market cases proceed.
Novig’s Massachusetts litigation is paused, while its joint request with New Mexico officials seeks similar relief.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
Sports trading helped prediction market operators exceed their previous monthly volume record.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands, PlayUSA reported.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.