Newsazenplay.comCoverage reported that Brazil's president had banned betting companies from operating in the country, creating uncertainty for the recently licensed market. The development was presented as a major change to Brazil's online betting framework.
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A Sixth Circuit panel rejected Kalshi’s claim that its sports-related contracts should be treated as federally regulated swaps rather than betting subject to state gambling laws. The decision deepens an existing circuit split over prediction-market jurisdiction.[6]
The Indiana Gaming Commission unanimously rejected the NCAA’s request to ban pregame proposition bets on college athletes. Commissioners said the issue should be addressed by the state legislature rather than through regulatory action.[5]
An Illinois federal judge temporarily blocked the state from enforcing its gambling licensing requirements against Kalshi and Coinbase. The ruling indicated that the companies’ sports-betting contracts may fall under federal regulation as swaps.