Newsazenplay.comA 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]
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Prediction-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.
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.
Three Rank Group-owned casino businesses were ordered to pay £5 million after a UK Gambling Commission investigation identified anti-money-laundering and safer-gambling failures. The businesses must also undergo a third-party audit of their controls.