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#Sports event contracts

5 Stories Found
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Louisiana Attorney General Sues Kalshi, Polymarket, Robinhood, Coinbase, and Gemini Over Prediction Markets
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Louisiana Attorney General Sues Kalshi, Polymarket, Robinhood, Coinbase, and Gemini Over Prediction Markets

Key Highlights Louisiana is seeking an immediate temporary restraining order and injunction against Kalshi, Polymarket, Robinhood, Coinbase, and Gemini. The state argues that the platforms’ sports, awards, and election contracts constitute unauthorized gambling under Louisiana law. Kalshi and Polymarket maintain that the federal Commodity Exchange Act preempts Louisiana’s gambling rules, leaving the dispute unresolved as ...

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Novig Loses Bid to Block New York Gambling Enforcement
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Novig Loses Bid to Block New York Gambling Enforcement

Key Highlights: Judge McMahon rejected Novig’s argument that federally designated exchange status places its sports contracts beyond New York gambling regulation. The court found Novig had not shown its contracts were swaps under the relevant statute and compared its product to traditional sports betting. Novig filed a notice of appeal to the Second Circuit on ...

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Another Appeals Court Rules Against Kalshi, Finds Sports Contracts Subject to State Regulations
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Another Appeals Court Rules Against Kalshi, Finds Sports Contracts Subject to State Regulations

Key Highlights A federal appeals court ruled that Kalshi’s sports-event contracts are not federally regulated swaps, rejecting the prediction market’s argument that they fall under Commodity Futures Trading Commission jurisdiction. The three-judge panel agreed Kalshi had standing to sue but determined its contracts do not depend on events “associated with a potential financial, economic, or ...

4 min readRead