A trio of appellate judges spent Friday’s hearing sounding distinctly unconvinced by one of the prediction market industry’s central legal arguments — that betting on a football game somehow stops being a bet once it’s wrapped in the language of financial derivatives. The showdown, playing out at the Ninth Circuit in San Francisco, pits three […]
California
FanDuel Faces Tribal Backlash Over California Prediction Markets
Tensions flare as FanDuel quietly pushes into unregulated gaming territory, drawing sharp criticism from California’s tribal leaders. Tribal Leaders Call Foul on FanDuel The California Nations Indian Gaming Association is accusing FanDuel of sidestepping the law and threatening tribal sovereignty with its latest foray into prediction markets. “These platforms seek to bypass California law and […]
