By The Weekly Edge desk · · Updated
West Virginia delegate Shawn Fluharty argued at the Global Gaming Expo that states should oversee prediction markets instead of Washington, Legal Sports Report reported. He compared prediction markets with moonshine and sports betting with fine wine.
Fluharty’s call places state oversight of prediction markets at the centre of the regulatory debate.
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Same companies, regulators or market.
Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
Proposed Nevada technical revisions cover multiple gaming systems, putting associated equipment requirements under review.