Legal Gambling News, Updates, and Analysis

In a surprise legal move, the Commodity Futures Trading Commission (CFTC) has retracted its August 2022 letter to PredictIt, only to issue a new one. By doing so, it says it has rendered PredictIt’s request for a preliminary injunction moot. Although this likely means that PredictIt can continue operating for now, the CFTC has issued a new […]

It’s starting to look like the political futures market PredictIt may get to continue operating. Oral arguments in the legal battle to save the site took place in the Fifth Circuit on Feb. 8. According to reporting by Courthouse News, two of the three judges appeared inclined to side with PredictIt’s supporters, who are the plaintiffs in the […]

The plaintiffs in the PredictIt case have obtained an injunction to keep the site up and running temporarily. That’s an essential reprieve with the original Feb 15 shutdown deadline now less than three weeks away. On Jan 18, the Fifth Circuit Court of Appeals in New Orleans laid out a timeline for the case. PredictIt, […]

Hope springs eternal for PredictIt, as the Commodities & Futures Trading Commission (CFTC) has failed in its attempt to have the former’s court case thrown out. Those following the PredictIt saga know that as things stand, the site will have to shut down next month. That’s due to the CFTC’s revocation of a no-action letter […]

As the rest of us were enjoying the holidays, the PredictIt case was heating up. The flurry of activity began with a report and recommendation from the US Magistrate Judge who heard the Commodity Futures Trading Commission’s (CFTC) motion to transfer the case from Austin to a federal court in DC. The CFTC is the […]

Now that the midterms are over, major election races have been settled. Many of the Senate races have been settled with the winner priced at 99 cents on PredictIt and the loser at one cent. Analyzing what bettors missed in these races can inform betting strategy for election markets in the 2024 presidential race.  However, […]

A bill to create gambling treatment diversion courts (GTDCs) is starting to make its way through the New Jersey Assembly. On Monday, March 20, the Tourism, Gaming & the Arts Committee voted unanimously to advance bill A420 after considering testimony from various stakeholders. These stakeholders included retired judge Cheryl Moss, who presided over a similar court producing successful results in Nevada. She was […]

British Columbia Supreme Court Justice Margot Fleming has ruled that a lawsuit against Electronic Arts (EA) can go ahead despite rejecting the suit’s claim that video game loot boxes constitute unlawful gambling. Mark Sutherland, the lead plaintiff, also argued that EA engaged in “deceptive acts or practices.” Fleming wrote that for the loot boxes to […]

With the Maryland legislature’s crossover deadline now passed, the odds of progress for the online casino effort this year have gone from slim to almost zero. Technically speaking, SB 267 is still alive for the time being. However, missing the deadline means more procedural hurdles and, more importantly, a lack of political will to advance it. […]

The Nevada Assembly is once again considering the possibility of legislation to create a state lottery. Assembly Joint Resolution 5, sponsored by Cameron “C.H.” Miller and Danielle Monroe-Moreno, seeks to repeal a constitutional provision prohibiting lotteries in the state. Miller and Monroe-Moreno are both Democrats representing districts in North Las Vegas. Despite being the most […]

BetMGM and Caesars Sportsbook face similar class action suits in federal court in New York, alleging “untruthful and deceptive promises.” The complaints involve promotions by the two online sports betting operators advertising “risk-free” or “free” first bets. Such offers usually require a qualifying deposit and may pay out betting credits rather than cash. Messaging by […]

A Federal judge ruled a lawsuit claiming Wynn Resorts covered up the alleged long-running misconduct of former CEO Steve Wynn can proceed.