AGA chief Bill Miller led G2E criticism of sports event contracts as courts, Congress and the CFTC separately escalate scrutiny of the sector.
CFTC
A US appeals court sides with Ohio over Kalshi's sports contracts, while Brazil's president bans regulated online betting days before an election.
Barry Diller's People Inc. drops its MGM buyout offer as Caesars shareholders approve a $17.6-billion sale to Tilman Fertitta's group.
US regulator flags contracts tied to what public figures say or do, as NCPG calls prediction markets "functionally gambling" amid Kalshi's spreading legal battles.
Missouri's attorney general is preparing a cease-and-desist order against prediction markets, while Montana pauses enforcement pending a Ninth Circuit rehearing.
A Ninth Circuit ruling and a failed Senate vote both went tribal gaming's way this week, keeping the Kalshi sports-contract fight unresolved.
The federal regulator wants a judge to halt Connecticut's enforcement push against prediction-market platforms, as Robinhood joins the fight.
An analysis of Kalshi's own trade data finds sports and crypto contracts made up 95% of August volume, complicating its "swap" defence against state regulators.
A CFTC mandate pushed ProphetX, Novig and Kalshi to swap familiar plus/minus odds for percentages, sparking trader backlash south of the border.
NJ petitions SCOTUS as courts split on Kalshi; Michigan tightens its ban, and the NFL presses exchanges over player-injury markets.