Category: Law
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Philadelphia Slams ‘Woefully Premature’ DraftKings In Lawsuit Reply
The City of Philadelphia has responded to a federal lawsuit from DraftKings over the early stages of an investigation into the online casino and sportsbook’s business practices. In April, Philadelphia subpoenaed DraftKings to investigate advertising directed at city consumers. DraftKings instead filed a lawsuit on July 17. On Sept. 15, Philadelphia responded in a 38-page…
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ESPN Served Subpoena In ‘Illegal’ Prediction Market Investigation
ESPN, the controversial sports and gambling network, was served a subpoena this week in Connecticut as part of the state’s investigation into prediction-market gambling. Kalshi advertising has appeared during ESPN’s U.S. Open tennis coverage through the courtside signage visible during matches. The Disney-owned network, based in Bristol, Connecticut, was among 15 media organizations to receive…
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NY Hits Sweepstakes Casino Giant VGW With $8 Million Penalty
New York Attorney General Letitia James announced an $8 million settlement with VGW, the operator of Chumba Casino, Global Poker, and LuckyLand Slots. The state had accused the Australian company of illegally offering dangerous and damaging online casino gambling to its residents. The settlement covers disgorgement, restitution, penalties, and costs stemming from VGW’s use of…
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An Epic Kalshi Collapse Won’t Be Bettable On Kalshi
Kalshi, the roughly $40-billion de facto online sportsbook that seeks to become a household name for all things speculation, reportedly won’t take bets on a potential Supreme Court ruling that could devastate its business model. The firm, which numerous state officials across the country have slammed as predatory sports gambling, offers stock-market-style betting through what…
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Kalshi Banned In MI As Judge Cites ‘Profound’ Mental Health Harm
A Michigan judge has issued a stronger ruling that, for now, bans Kalshi from offering sports betting in the state. The judge issued a preliminary injunction blocking Kalshi from offering sports-event contracts and, in doing so, blasted the prediction market’s impact on young people and those experiencing gambling harm. Ingham County Circuit Judge Rosemarie Aquilina…
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