Newsazenplay.comThe US Commodity Futures Trading Commission asked a federal court to find that federal regulators have exclusive jurisdiction over prediction markets. The filing seeks to block New York efforts to apply state gambling laws to event-contract providers including Coinbase and Gemini.
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Brazilian measures reported during the week would prohibit fixed-odds betting and online casino activity from October 6. The reported action comes less than two years after Brazil established a regulated online betting market.
A federal judge temporarily blocked Illinois from enforcing gambling-licence requirements against Kalshi and Coinbase. The court found that the companies’ sports-related contracts were likely federally regulated swaps.
An investigation into Curaçao’s new gambling regime found that some operators accused of problematic practices obtained new licences without materially changing their operations. The report attributed the continuing issues to limited enforcement of the National Ordinance on Games of Chance.