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 […]
gambling law
Austria Moves to Break Open Its Online Gambling Market
Austria’s long-running online casino monopoly is finally facing a real shake-up, with a new licensing system planned after years of stalled reform. The Monopoly Finally Cracks Austria’s coalition government has agreed on a new gambling law draft that would open the online gambling market to multiple licensed operators. The ÖVP, SPÖ and NEOS coalition called […]
Nevada Blocks Polymarket as Prediction Market Fight Gets Messier
Nevada has won a preliminary injunction against Polymarket, adding another court win to its campaign against prediction markets that look a lot like betting in a nicer suit. Judge Sides With Nevada Regulators The Nevada Gaming Control Board (NGCB) said Judge Jason Woodbury of the First Judicial District Court granted its motion for a preliminary […]
