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The HALLO ECHO

ag-campbell-secures-court-order-that-will-block-kalshi-from-offering-unlawful-sports-wagers-in-massachusetts

AG Campbell Secures Court Order That Will Block Kalshi from Offering Unlawful Sports Wagers in Massachusetts

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  Massachusetts Attorney General Andrea Joy Campbell released the following statement after securing a preliminary injunction in her lawsuit against KalshiEX LLC (Kalshi), a self-described online “prediction market”. The court’s order will allow a preliminary injunction to take effect, prohibiting Kalshi from accepting online sports wagers and related events contracts from Massachusetts customers until the…

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Joint AGA-IGA Letter Addressing Unregulated Sports Event Contracts

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Below is a joint letter from the American Gaming Association and Indian Gaming Association on addressing unregulated sports event contracts in upcoming cryptocurrency market structure legislation. Dear Members of the United States Senate and House of Representatives, On behalf of the American Gaming Association (AGA) and the Indian Gaming Association (IGA), we write to urge…

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ppe-casino-resorts-petersburg-becomes-the-fifth-approved-casino-facility-operator-in-virginia

PPE Casino Resorts Petersburg Becomes the Fifth Approved Casino Facility Operator in Virginia

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  Last Wednesday, PPE Casino Resorts Petersburg LLC became the fifth approved casino facility operator in Virginia. The Virginia Lottery Board unanimously approved its application for licensure. PPE Casino Resorts Petersburg LLC plans to open a casino near the intersection of Interstate 95 and Wagner Road. This comes after a comprehensive review of application materials…

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Nevada Gaming Control Board Files Civil Enforcement Action Against Polymarket

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The Nevada Gaming Control Board has filed a civil enforcement action in the District Court for Carson City against BLOCKRATIZE INC. d/b/a POLYMARKET; QCX LLC d/b/a POLYMARKET US; and ADVENTURE ONE QSS INC. d/b/a POLYMARKET. In its complaint, the Board asked the court for a declaration and injunction to stop Polymarket from offering unlicensed wagering…

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ncaa-urges-cftc-to-suspend-college-sport-prediction-markets

NCAA Urges CFTC to Suspend College Sport Prediction Markets

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  NCAA President Charlie Baker has requested the Commodity Futures Trading Commission, the regulatory body that presides over prediction markets, to pause all college sport offerings in prediction markets until the agency implements appropriate regulations. “Just as we need Congress to stabilize eligibility, we need federal regulators to stabilize these markets. The answer cannot be…

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advisory:-illegal-gambling-operation-using-forged-commission-credentials

ADVISORY: ILLEGAL GAMBLING OPERATION USING FORGED COMMISSION CREDENTIALS

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The California Gambling Control Commission (Commission) has received information that an illegal gambling operation called California Scratch Card is using the Commission’s name and logo to claim that winners must pay them an “Administrative Processing Fee” imposed by the Commission before they can collect their winnings. Examples are attached to this notice. It appears this…

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