Officials in Maryland, Ohio, Illinois, New Jersey, Nevada, and Montana have sent cease-and-desist letters in connection with federally regulated sports event contracts. Those contracts are a ...

The predict has hit the fan. In case you weren’t aware, there is a growing battle over sports-related event contracts being fought by so-called “prediction markets,” state-level gambling ...

The New York company that offers “event-based contracts” that look like sports bets has sued Nevada gaming regulators for threatening to curtail its investment business. KalshiEX LLC is ...