Newsazenplay.comPrediction-market operator Underdog sued Connecticut officials in federal court over efforts to stop alleged online sports betting activity. The company argues that jurisdiction belongs exclusively to the US Commodity Futures Trading Commission.
Covered by AzenPlay's responsible gaming controls.
Read the full story at the original publisher below.
The UK Gambling Commission fined Rank Group £5 million after identifying weaknesses in anti-money-laundering controls and customer-protection interventions at three Grosvenor casino businesses. Rank must undergo an independent audit of its AML and safer-gambling policies.
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.
The 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.