Latest articles
Plaintiffs Look to Fast-Track PredictIt Suit as CFTC Seeks Dismissal
Things have heated up quickly since the Commodity Futures Trading Commission (CFTC) filed a motion to dismiss the lawsuit seeking to avert PredictIt‘s shutdown. The plaintiffs countered with a motion seeking to expedite the hearing. They’re hoping to obtain a preliminary injunction before Christmas. Without judicial intervention, the site will need to shut down by […]
New Lawsuit Alleges Misconduct By Former President Of MGM Springfield
Former MGM Springfield President Michael Mathis is facing a lawsuit alleging improper behavior during his time with the casino. Filed on Nov 10 in Hampden County Superior Court, the suit names Mathis and Blue Tarp Development, LLC as defendants. Blue Tarp is the corporate entity controlling the casino. The plaintiff is Chelan Brown, a former […]
California Tribes Seek Attorneys’ Fees After Governor Acknowledges Bad Faith
A new reply brief has been filed in the litigation between California tribes and the State. The Chicken Ranch Rancheria of Me-Wuk Indians is the primary plaintiff in the case, which involves California gaming compacts. The compacts in question were initially set to expire on the last day of 2020. However, there have been multiple […]
AGCO Kicks 17 Unregulated Online Gambling Operators Out of iGaming Market
During the week after its do-or-die deadline for unregulated online gambling operators to join the legal iGaming marketplace in Ontario or face penalties, the Alcohol and Gaming Commission of Ontario (AGCO) says 17 such operators “have exited.” Meanwhile, 28 of the 36 operators in the legal market used to be in the gray market, AGCO […]
No Clear Winner in Fox-Flutter Arbitration Decision, But Fox Bet Might Be the Loser
Arbitration has concluded for Fox Corporation and Flutter Entertainment, on two out of three issues, anyway. One aspect of that decision could mean the future disappearance of yet another US online gambling brand. Fox initiated arbitration in April 2021 because of a difference in how the two companies interpreted a contractual clause. Flutter believed it had granted Fox the option […]
New Class Action Lawsuit Filed Over Skillz SPAC
Last week, lawyers representing Darcy Lien and other Skillz investors filed a lawsuit against Eagle Equity Partners II, LLC. The suit, filed in the Delaware Court of Chancery, also names several individuals involved with the company as defendants. These include the former CEO of MGM Studios and the former president of CBS Entertainment. The litigation involves the path Skillz […]
Reports Suggest CFTC Likely to Deny Prediction Contracts on Political Outcomes
The Commodity Futures Trading Commission (CFTC) has not yet officially ruled on whether it will allow Kalshi to offer political contracts. However, there are multiple reports circulating that the agency’s staff has recommended against it. Kalshi is what’s known colloquially as a predictions market, meaning users trade shares whose value is tied to real-world events. Staffers have […]
AOC Supposedly Among Voices of Support for Prediction Markets as CFTC Mulls Kalshi’s Request
The Commodities and Futures Trading Commission (CFTC) has an important decision ahead of it. Kalshi, an online predictions market, has requested the right to offer contracts on the outcome of the upcoming midterms. It will receive its answer tomorrow, October 28. Complicating matters for the CFTC is that it has just asked PredictIt, which has been offering a […]
Response to Shoalwater Bay Tribe’s Motion to Dismiss the Maverick Gaming Case
On Monday, Oct 24, 2022, numerous parties filed briefs in preparation for oral arguments in Maverick Gaming’s lawsuit. The defendants in the suit are the Department of the Interior, plus several Washington State officials, including Governor Jay Inslee. At issue is whether Washington can grant exclusive rights to sports betting to tribes in the State. Maverick cannot […]
Shoalwater Bay Tribe Files Motion To Dismiss Maverick Gaming Lawsuit
The pivotal moment has come in a court battle over tribal gaming compacts in Washington. It was inevitable that the Shoalwater Bay Tribe would file a motion to dismiss upon receiving permission to intervene in the case. They have now done just that. The original parties in the case are Maverick Gaming as the plaintiff […]
