Tag: kalshi
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Advocacy Groups Ask SCOTUS To Revisit PASPA Betting Ruling
A coalition of leading advocacy groups is asking the U.S. Supreme Court to reconsider a key part of its landmark 2018 Murphy v. NCAA decision. If successful, it could reopen the door to a federal prohibition on commercial sports betting authorized by states. Doing so could potentially save millions of Americans from financial harm linked…
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Most Gamblers Lose: Just 4% Won Over 5-Year Period In Study
A study looking at more than 700,000 online gamblers over five years shows that very few won money.
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OH, TN Score Huge Win Against Kalshi In Sixth Circuit Ruling
Kalshi suffered another major legal defeat Friday, this time in legal fights against Ohio and Tennessee. A federal appeals court rejected the New York City-based firm’s claim that states cannot regulate its sports betting markets. In the consolidated cases involving regulators in those states, the U.S. Court of Appeals for the Sixth Circuit handed down…
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Source: NCPG Looks To Replace Executive Director Amid Kalshi Controversy
Update, Sept. 12: The day after this exclusive report, the NCPG board of directors announced that Executive Director Heather Maurer has resigned, according to multiple gambling industry media outlets. NCPG did not respond to GamblingHarm.org’s request for comment. The National Council on Problem Gambling, the largest gambling addiction advocacy group in the U.S., will…
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Louisiana Tribe To Launch Kalshi-Powered ‘Prediction’ Gambling App
The Tunica-Biloxi Tribe of Louisiana plans to have a prediction-market online gambling business via a deal with the controversial Kalshi. Through a tribal-owned application powered by Kalshi, the Tribe would offer potentially harmful products to its members and people elsewhere. The announcement comes as other Native American tribes are fighting the New York-based Kalshi in…
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