Posts From: March 2026

Arizona charges Kalshi with operating illegal gambling business

In a new lawsuit, Kalshi has said that its prediction market is regulated by the Commodity Futures Trading Commission. And that, according to the company’s team of lawyers, makes what...

Legal
Valve rejects New York gambling claims in response to lawsuit

New York is taking legal action against Valve, alleging that the company’s loot box system constitutes “illegal gambling,” as articulated by Attorney General Letitia James. Valve has responded with a...

Legal
Ohio judge rules Kalshi will abide by state gambling regulations

A federal judge in Ohio ruled Tuesday that prediction market platform Kalshi must adhere to state regulations on gambling.  In denying Kalshi’s request for a preliminary injunction against state regulators,...

Legal
NBA players head back to court in gambling scandal

Chauncey Billups and Terry Rozier are scheduled to appear in federal court this week in Brooklyn, joining over 30 others indicted by the U.S. Department of Justice for updates on...

Legal
New York sues Valve over loot boxes, alleges gambling law violations

New York’s attorney general sued Valve, a video game developer whose franchises include Counter-Strike, Team Fortress and Dota, accusing it of promoting illegal gambling and threatening to addict children through...

Legal
Kalshi sues Utah over proposed prop betting ban

Kalshi has taken legal action against Utah’s top officials, filing a lawsuit in federal court that accuses them of attempts to obstruct its prediction market operations in the state. The...

Legal
Kalshi secures victory over Tennessee regulator

A US federal judge in Tennessee has temporarily blocked the state from enforcing its gambling laws against Kalshi’s sports event contracts, allowing the prediction markets operator to continue offering those...

Legal
Judge bans Kalshi from offering sports-events contracts in Massachusetts

A Massachusetts judge on Friday rejected a request by prediction-markets operator Kalshi to allow it to keep offering sports-events contracts in the state while it appeals an injunction that will...

Legal
Two arrested in $3 million fraud scheme targeting FanDuel

Two Connecticut men face federal charges for allegedly defrauding FanDuel and other online gambling sites of $3 million over several years using the stolen identities of approximately 3,000 victims. 29-year-olds...

Legal
Former SPAC chief pleads guilty in US to fraud over Lottery.com acquisition

United States Attorney for the Southern District of New York, Jay Clayton, announced that VADIM KOMISSAROV, the former Chief Executive Officer of Trident Acquisitions a publicly traded special purpose acquisition...

Legal