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		<title>Wisconsin sues prediction market platforms over alleged illegal sports betting operations</title>
		<link>https://readwrite.com/wisconsin-sues-prediction-market-platforms-over-alleged-illegal-sports-betting-operations/</link>
		
		<dc:creator><![CDATA[Paul McNally]]></dc:creator>
		<pubDate>Fri, 24 Apr 2026 18:47:05 +0000</pubDate>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[Coinbase]]></category>
		<category><![CDATA[kalshi]]></category>
		<category><![CDATA[lawsuit]]></category>
		<category><![CDATA[prediction markets]]></category>
		<category><![CDATA[Robinhood]]></category>
		<category><![CDATA[Wisconsin]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=594367</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag-300x200.jpg" class="attachment-medium size-medium wp-post-image" alt="Wisconsin state flag flying from a flagpole." style="width:100%;height:66.58%;max-width:1200px;margin-bottom: 15px;" decoding="async" fetchpriority="high" srcset="https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag-300x200.jpg 300w, https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag-900x599.jpg 900w, https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag-240x160.jpg 240w, https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag.jpg 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Wisconsin has filed a civil complaint in Dane County Circuit Court accusing Kalshi, Robinhood, and Coinbase, along with affiliated subsidiaries,&#8230; <a class="more-link" href="https://readwrite.com/wisconsin-sues-prediction-market-platforms-over-alleged-illegal-sports-betting-operations/">Continue reading <span class="screen-reader-text">Wisconsin sues prediction market platforms over alleged illegal sports betting operations</span></a></p>
<p>The post <a href="https://readwrite.com/wisconsin-sues-prediction-market-platforms-over-alleged-illegal-sports-betting-operations/">Wisconsin sues prediction market platforms over alleged illegal sports betting operations</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag-300x200.jpg" class="attachment-medium size-medium wp-post-image" alt="Wisconsin state flag flying from a flagpole." style="width:100%;height:66.58%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag-300x200.jpg 300w, https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag-900x599.jpg 900w, https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag-240x160.jpg 240w, https://readwrite.com/wp-content/uploads/2026/04/Wisconsin-State-Flag.jpg 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Wisconsin has filed a civil complaint in Dane County Circuit Court accusing Kalshi, Robinhood, and Coinbase, along with affiliated subsidiaries, of operating what it describes as illegal sports betting through prediction markets and event contracts under state law.</p>



<p>The complaint opens by reaffirming the state’s gambling restrictions, stating: “Sports betting has long been illegal in Wisconsin, with exceptions only for certain Native American tribal gaming operations.”</p>



<p>It further alleges coordinated conduct among the companies: “Yet three companies—Kalshi, Robinhood, and Coinbase—are working together to facilitate illegal sports betting throughout the state.”</p>



<h3 class="wp-block-heading"><span id="state_alleges_disguised_sports_wagering_through_event_contracts-2">State alleges disguised sports wagering through “event contracts”</span></h3>



<p>Wisconsin argues the platforms are effectively enabling sports wagering while rebranding it as financial trading. The complaint states: “Through their so-called ‘prediction markets,’ Kalshi, Robinhood, and Coinbase profit from Wisconsin residents placing bets on the outcome of sporting events, just like how ordinary casino sportsbooks profit from the bets people make there.”</p>



<p>The filing contends that the underlying structure mirrors traditional gambling products despite its financial-market framing.</p>



<h3 class="wp-block-heading"><span id="college_basketball_betting_used_as_key_example-2">College basketball betting used as key example</span></h3>



<p>As part of its argument, Wisconsin cites specific examples from college athletics betting activity. The complaint notes:</p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>For instance, Wisconsinites could use these companies’ services to place all kinds of bets on the recent NCAA college basketball tournament, including who would win the Final Four matchup between the University of Michigan and the University of Arizona, which team would cover the point spread, and even which team would first score ten points.”</p>
</blockquote>



<p>The state argues these offerings demonstrate that the platforms are functionally indistinguishable from sportsbook-style wagering.</p>



<h3 class="wp-block-heading"><span id="allegation_of_casino-style_mechanics_behind_trading_language-2">Allegation of “casino-style” mechanics behind trading language</span></h3>



<p>The complaint also focuses on how the platforms generate revenue, stating: “And for every bet made, these companies collect a fee akin to a casino’s rake at a poker table.”</p>



<p>Wisconsin argues that this fee structure reinforces its claim that the companies are operating gambling services rather than neutral financial marketplaces.</p>



<p>The filing further claims the companies use financial terminology to mask gambling mechanics. It states: “Kalshi, Robinhood, and Coinbase use a fig leaf to disguise the casino-style sports betting they facilitate in Wisconsin.”</p>



<p>“They relabel their sports bets as ‘event contracts,’ meaning contracts traded between buyers and sellers at agreed-upon prices that mimic the odds of a sports-related outcome.”</p>



<h3 class="wp-block-heading"><span id="pricing_structure_tied_to_implied_probabilities-2">Pricing structure tied to implied probabilities</span></h3>



<p>Wisconsin also details how contract pricing reflects real-time probability estimates.</p>



<p>“As of April 3, 2026, traders could buy contracts taking the position that the University of Michigan would win its Final Four matchup with the University of Arizona for around $0.53, which reflected a roughly 53% projected chance of Michigan winning.”</p>



<p>It adds that payouts function in binary fashion: winning positions pay $1 per contract, while losing positions expire worthless, mirroring traditional betting outcomes.</p>



<h3 class="wp-block-heading"><span id="broader_legal_pressure_on_prediction_markets-2">Broader legal pressure on prediction markets</span></h3>



<p>Separately, prediction market operators are facing increasing regulatory scrutiny across multiple jurisdictions. In New York, regulators and prosecutors have <a href="https://readwrite.com/new-york-lawsuits-coinbase-gemini-explained/">pursued actions</a> involving Coinbase and Gemini over compliance and consumer protection concerns tied to trading products.</p>



<p>Kalshi is also engaged in ongoing litigation, including an <a href="https://readwrite.com/kalshi-seeks-montana-court-injunction/">injunction request in Montana</a> seeking to block state-level restrictions on its contracts, while an Arizona court is <a href="https://readwrite.com/arizona-court-kalshi-delays/">handling procedural disputes</a> in a separate challenge involving the classification of event contracts.</p>



<h3 class="wp-block-heading"><span id="wisconsin_seeks_injunction_and_legal_classification-2">Wisconsin seeks injunction and legal classification</span></h3>



<p>Wisconsin is asking the court to halt the companies from offering sports-related event contracts within the state, declare the activity unlawful under gambling statutes, and classify it as a public nuisance requiring immediate relief.</p>



<p><em>Featured image: Kenneth C. Zirkel, CC BY-SA 4.0 <a href="https://creativecommons.org/licenses/by-sa/4.0">https://creativecommons.org/licenses/by-sa/4.0</a>, via Wikimedia Commons</em></p>
<p>The post <a href="https://readwrite.com/wisconsin-sues-prediction-market-platforms-over-alleged-illegal-sports-betting-operations/">Wisconsin sues prediction market platforms over alleged illegal sports betting operations</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>U.S. soldier accused of using classified intel in $400K betting scheme</title>
		<link>https://readwrite.com/u-s-soldier-accused-of-using-classified-nintel-in-400k-betting-scheme/</link>
		
		<dc:creator><![CDATA[Paul McNally]]></dc:creator>
		<pubDate>Fri, 24 Apr 2026 18:30:53 +0000</pubDate>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[crime]]></category>
		<category><![CDATA[polymarket]]></category>
		<category><![CDATA[prediction markets]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=594361</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk-300x200.jpg" class="attachment-medium size-medium wp-post-image" alt="A coutroom gavel sitting on a desk." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk-300x200.jpg 300w, https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk-900x600.jpg 900w, https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk-240x160.jpg 240w, https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk.jpg 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Federal prosecutors in Manhattan have accused a U.S. Army soldier of turning secret military knowledge into a lucrative betting scheme,&#8230; <a class="more-link" href="https://readwrite.com/u-s-soldier-accused-of-using-classified-nintel-in-400k-betting-scheme/">Continue reading <span class="screen-reader-text">U.S. soldier accused of using classified intel in $400K betting scheme</span></a></p>
<p>The post <a href="https://readwrite.com/u-s-soldier-accused-of-using-classified-nintel-in-400k-betting-scheme/">U.S. soldier accused of using classified intel in $400K betting scheme</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk-300x200.jpg" class="attachment-medium size-medium wp-post-image" alt="A coutroom gavel sitting on a desk." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk-300x200.jpg 300w, https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk-900x600.jpg 900w, https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk-240x160.jpg 240w, https://readwrite.com/wp-content/uploads/2026/04/Gavel-on-Desk.jpg 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Federal prosecutors in Manhattan have accused a U.S. Army soldier of turning secret military knowledge into a lucrative betting scheme, saying he pocketed more than $400,000 by wagering on a classified operation.</p>



<p>According to court filings, Van Dyke was stationed at Fort Bragg and had access to classified planning materials related to the operation, which aimed to capture Maduro. He had signed agreements explicitly barring him from disclosing or using that information.</p>



<h3 class="wp-block-heading"><span id="bets_on_maduros_capture-2">Bets on Maduro’s capture</span></h3>



<p>Prosecutors say he created a Polymarket account in late December 2025 and placed around 13 bets. Each wager backed outcomes tied to U.S. military involvement in Venezuela and Maduro’s removal from power. In total, authorities say he staked about $33,000, consistently betting “YES” on those scenarios.</p>



<p>Events unfolded quickly. In the early hours of Jan. 3, 2026, U.S. special forces captured Maduro in Caracas. Once the operation became public, the prediction markets resolved in Van Dyke’s favor, bringing him roughly $409,881, according to prosecutors.</p>



<h3 class="wp-block-heading"><span id="prosecutors_clear_insider_trading-2">Prosecutors: “Clear Insider Trading”</span></h3>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>Prediction markets are not a haven for using misappropriated confidential or classified information for personal gain,” Clayton said, calling the alleged conduct a direct breach of federal trust and national security obligations.</p>
</blockquote>



<p>Prosecutors argue that Van Dyke’s actions meet the definition of insider trading in substance, if not in traditional market form, because they relied on nonpublic military intelligence to generate profit. They say the trades were not based on analysis or speculation, but on advance knowledge of a real-world classified operation’s timing and outcome.</p>



<h3 class="wp-block-heading"><span id="alleged_attempts_to_conceal_funds-2">Alleged attempts to conceal funds</span></h3>



<p>According to court filings, Van Dyke allegedly took steps to obscure the source and movement of his winnings shortly after the operation became public. Prosecutors say he transferred funds through cryptocurrency channels designed to mask transaction history, including routing assets through a foreign-based digital wallet service before moving them into a brokerage account.</p>



<p>Authorities also allege he attempted to delete or deactivate his Polymarket account and modified related crypto account details in an effort to disrupt the financial trail.</p>



<p>Blanche underscored the government’s position on misuse of classified access, stating that service members are entrusted with sensitive intelligence solely to execute missions, not to derive personal financial benefit from it.</p>



<h3 class="wp-block-heading"><span id="growing_scrutiny_of_prediction_markets-2">Growing Scrutiny of Prediction Markets</span></h3>



<p>The case arrives amid increasing scrutiny of prediction markets and event-based trading platforms. Regulators and lawmakers have <a href="https://readwrite.com/hochul-bans-insider-prediction-market-trading-new-york-workers/">raised concerns</a> about insider access to politically or militarily sensitive information being used for profit.</p>



<p>In a separate case, <a href="https://readwrite.com/kalshi-three-political-candidates-punished-election-market-bets/">political candidates have also faced penalties</a> tied to trading on election-related contracts, underscoring broader concerns about market integrity.</p>



<h3 class="wp-block-heading"><span id="fbi_doj_response_and_potential_sentencing-2">FBI, DOJ response and potential sentencing</span></h3>



<p>“Today’s announcement makes clear no one is above the law,” Patel said, adding that the FBI would act to protect national security and classified information.</p>



<p>If convicted, Van Dyke faces up to 20 years in prison on the wire fraud count, along with additional penalties on related charges. Prosecutors say sentencing would ultimately be determined by a judge.</p>



<p><em>Featured image: Wesley Tingey/Unsplash</em></p>



<p></p>
<p>The post <a href="https://readwrite.com/u-s-soldier-accused-of-using-classified-nintel-in-400k-betting-scheme/">U.S. soldier accused of using classified intel in $400K betting scheme</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<item>
		<title>Caesars faces new lawsuit after second alleged data security breach claims</title>
		<link>https://readwrite.com/caesars-new-lawsuit-second-data-security-breach-claims/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Thu, 23 Apr 2026 11:17:30 +0000</pubDate>
				<category><![CDATA[Casino]]></category>
		<category><![CDATA[Caesars Entertainment]]></category>
		<category><![CDATA[Data Breach]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593838</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Caesars Palace Las Vegas hotel and casino exterior at night amid Caesars Entertainment data breach lawsuit allegations" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Caesars Entertainment is now facing a proposed federal class action that says the casino and hotel company failed to protect&#8230; <a class="more-link" href="https://readwrite.com/caesars-new-lawsuit-second-data-security-breach-claims/">Continue reading <span class="screen-reader-text">Caesars faces new lawsuit after second alleged data security breach claims</span></a></p>
<p>The post <a href="https://readwrite.com/caesars-new-lawsuit-second-data-security-breach-claims/">Caesars faces new lawsuit after second alleged data security breach claims</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Caesars Palace Las Vegas hotel and casino exterior at night amid Caesars Entertainment data breach lawsuit allegations" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Caesars-faces-new-lawsuit-after-second-alleged-data-security-breach-claims.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Caesars Entertainment is now facing a proposed federal class action that says the casino and hotel company failed to protect customer information during a second cyber incident, coming after its widely reported 2023 breach.</p>



<p>The <a href="https://www.courtlistener.com/docket/73226712/huddleston-v-caesars-entertainment-inc/" target="_blank" rel="noreferrer noopener">case was filed</a> in Nevada on behalf of plaintiff Mark Huddleston, a Texas resident who says he has belonged to Caesars Rewards since 2007 and has regularly gambled with Caesars both online and in person. He says Caesars gathered personal information through those transactions and loyalty program activity over many years.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">NEW: Caesars hit with class action alleging 2026 data breach exposed customer info after 2023 hack, raising fraud fears. <a href="https://twitter.com/RWW?ref_src=twsrc%5Etfw">@RWW</a> <a href="https://t.co/vLVEJAIQ5G">pic.twitter.com/vLVEJAIQ5G</a></p>&mdash; Suswati Basu (@suswatibasu) <a href="https://twitter.com/suswatibasu/status/2047000422536126638?ref_src=twsrc%5Etfw">April 22, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Huddleston is seeking to hold Caesars responsible for injuries allegedly caused by “Caesars’s inadequate data security,” which the complaint says resulted in private information being exposed to unauthorized third parties. The filing refers to the incident as the “Data Breach.”</p>



<p>According to the lawsuit, reviewed by ReadWrite, Caesars had already experienced a data breach in September 2023. It alleges that despite that earlier event, the company “failed to implement the requisite security measures, and failed to prevent another Data Breach from occurring in early 2026.”</p>



<p>The complaint says customer data was again taken by cybercriminals, leaving proposed class members exposed to “an elevated and significant risk of fraud and identity theft.”</p>



<h2 class="wp-block-heading"><span id="caesars_alleged_data_breach_puts_privacy_promises_under_scrutiny-2">Caesars alleged data breach puts privacy promises under scrutiny</span></h2>



<p>The suit says information affected in the 2026 incident included at least customer contact details and dates of birth. It adds that based on what was exposed in 2023, “it can be expected that even more sensitive information, including Social Security numbers and driver’s license numbers were also stolen in 2026.”</p>



<p>The complaint also points to Caesars’ privacy policy, which states: “We maintain physical, electronic and organizational safeguards that reasonably and appropriately protect against the loss, misuse and alteration of the information under our control.”</p>



<p>Huddleston argues those promises were misleading. The lawsuit says Caesars “did not ‘maintain physical, electronic and organizational safeguards that reasonably and appropriately protect against the loss, misuse and alteration of the information under our control.’”</p>



<p>It further claims customers still face long-term consequences because their information may remain in circulation. The filing says class members now face “a present and continuing risk of fraud and identity theft for years to come.”</p>



<p>The proposed nationwide class would include “All persons in the United States whose Private Information was compromised in the Caesars’s Data Breach discovered in March, 2026.”</p>



<p>Claims in the case include negligence, breach of implied contract, unjust enrichment, negligence per se, and alleged violations of the Nevada Consumer Fraud Act. The suit seeks damages, credit monitoring, identity theft protection services, and court-ordered security improvements.The Caesars case arrives as other gambling operators face similar scrutiny. ReadWrite recently reported the <a href="https://readwrite.com/wynn-resorts-data-breach-lawsuits-expand-nationwide/">litigation tied to alleged Wynn Resorts data breaches</a>, including a separate <a href="https://readwrite.com/wynn-resorts-federal-class-action-data-breach/">federal class action</a>. We also found that <a href="https://readwrite.com/german-gambling-firm-merkur-hit-with-major-cyberattack/">German gambling company Merkur was hit by a major cyberattack</a>.</p>



<p>ReadWrite has reached out to Caesars Entertainment for comment.</p>



<p><em>Featured image: Bernard Spragg via <a href="https://picryl.com/media/caesars-palace-las-vegas-375fd8" id="https://picryl.com/media/caesars-palace-las-vegas-375fd8" target="_blank" rel="noreferrer noopener">Flickr</a> / <a href="https://creativecommons.org/publicdomain/zero/1.0/deed.en" id="https://creativecommons.org/publicdomain/zero/1.0/deed.en" target="_blank" rel="noreferrer noopener">CC0 1.0</a></em></p>
<p>The post <a href="https://readwrite.com/caesars-new-lawsuit-second-data-security-breach-claims/">Caesars faces new lawsuit after second alleged data security breach claims</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Sportradar denies short seller claims of links to illegal betting</title>
		<link>https://readwrite.com/sportradar-denies-short-seller-claims-illegal-betting/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Thu, 23 Apr 2026 10:52:26 +0000</pubDate>
				<category><![CDATA[Betting]]></category>
		<category><![CDATA[illegal gambling]]></category>
		<category><![CDATA[Sportradar]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593831</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Sportradar logo with football, tennis ball and sports imagery representing betting technology, sports data and integrity services. Sportradar denies short seller claims of links to illegal betting" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Sportradar pushed back hard Wednesday after a short-selling firm accused the company of having meaningful links to unlawful betting sites.&#8230; <a class="more-link" href="https://readwrite.com/sportradar-denies-short-seller-claims-illegal-betting/">Continue reading <span class="screen-reader-text">Sportradar denies short seller claims of links to illegal betting</span></a></p>
<p>The post <a href="https://readwrite.com/sportradar-denies-short-seller-claims-illegal-betting/">Sportradar denies short seller claims of links to illegal betting</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Sportradar logo with football, tennis ball and sports imagery representing betting technology, sports data and integrity services. Sportradar denies short seller claims of links to illegal betting" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Sportradar-denies-short-seller-claims-of-links-to-illegal-betting.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Sportradar pushed back hard Wednesday after a short-selling firm accused the company of having meaningful links to unlawful betting sites.</p>



<p>“A short report issued today contains factual inaccuracies about the company, and we unequivocally challenge these assertions,” a Sportradar spokesperson told ReadWrite.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">NEW: <a href="https://twitter.com/Sportradar?ref_src=twsrc%5Etfw">@Sportradar</a> responds to claims its profits are tied to illegal gambling revenues, saying it &quot;demonstrates a fundamental misunderstanding of our business.&quot;   <a href="https://twitter.com/RWW?ref_src=twsrc%5Etfw">@RWW</a> <a href="https://t.co/PYSOtJxBve">pic.twitter.com/PYSOtJxBve</a></p>&mdash; Suswati Basu (@suswatibasu) <a href="https://twitter.com/suswatibasu/status/2047050336351789546?ref_src=twsrc%5Etfw">April 22, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The company said the report misread both its operations and the wider betting market.</p>



<p>The spokesperson added: “The report demonstrates a fundamental misunderstanding of our business and the industry and was authored by a short seller trying to erode shareholder value and profit from stock disruption.”</p>



<p>Callisto Research <a href="https://raw.githubusercontent.com/callistoresearch/Reports/main/SRAD_Callisto_Research.pdf" target="_blank" rel="noreferrer noopener">published the report</a> and disclosed that it held a short position in Sportradar shares. It says <a href="https://readwrite.com/sportradar-match-fixing-report-highlights-suspicious-betting-in-asia-up-25/">Sportradar’s image as a sports integrity specialist</a> conflicts with allegations that some websites using its tools or feeds operate unlawfully.</p>



<p>Callisto said it found “over 270 individual platforms” that it says use Sportradar products or services while operating illegally in regulated or prohibited markets. It also alleged that some lacked licences and that certain regulators had started reviews.</p>



<p>ReadWrite has not independently verified those allegations.</p>



<h2 class="wp-block-heading"><span id="sportradar_compliance_questions_and_short_seller_market_reaction_to_alleged_illegal_betting-2">Sportradar compliance questions and short seller market reaction to alleged illegal betting</span></h2>



<p>Sportradar answered by pointing to its controls, licensing checks and public disclosures.</p>



<p>“Sportradar works exclusively with licensed operators, follows strict global compliance, and due diligence standards, and we stand by our independently audited financial statements, risk disclosures, and information provided to investors and regulators,” the spokesperson said.</p>



<p>The company also stressed its internal standards.</p>



<p>The company added: “We conduct our business with the highest ethical standards consistent with company policies, laws and regulations.”</p>



<p>The Callisto document focuses on examples where Sportradar widgets, virtual sports products, backend tools or branding allegedly appeared on sites aimed at places where gambling is limited or banned. Separate appendices released with research materials from <a href="https://muddywatersresearch.com/wp-content/uploads/2026/04/MW_SRAD_Appendix_20260422.pdf" target="_blank" rel="noreferrer noopener">Muddy Waters Research</a> describe technical methods used to identify what the authors said were customer integrations. These included reviews of client IDs, widget loaders and licensing endpoints.</p>



<p>Even so, code snippets, branding elements, old references or third-party integrations on external websites do not automatically prove a current commercial relationship. They also do not by themselves establish knowledge, misconduct or a regulatory breach by Sportradar.</p>



<p>Short-seller reports are written by investors who benefit if a company’s share price drops. That does not mean every claim lacks merit, but it does mean the research comes from an interested party. Such reports commonly include disclaimers stating they are not investment advice. At the time of writing, Sportradar stock was down 23% ahead of reporting its first quarter results on May 6.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The combo punch of <a href="https://twitter.com/callistores?ref_src=twsrc%5Etfw">@callistores</a> and <a href="https://twitter.com/muddywatersre?ref_src=twsrc%5Etfw">@muddywatersre</a> has sent Sportradar reeling. <a href="https://twitter.com/search?q=%24SRAD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SRAD</a><br><br>Take your twenties, gentlemen. <a href="https://t.co/Xv5kaozn4Q">pic.twitter.com/Xv5kaozn4Q</a></p>&mdash; Codfish Johnny (@CodfishJohnny) <a href="https://twitter.com/CodfishJohnny/status/2046990008234516921?ref_src=twsrc%5Etfw">April 22, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Sportradar sells sports data, integrity monitoring and betting technology to leagues, bookmakers and media groups around the world. Because the company has long promoted anti-match-fixing work and regulatory compliance, any prolonged scrutiny of those claims could draw investor attention even while management firmly rejects the accusations.</p>



<p>As of publication, no regulator had publicly announced enforcement action against Sportradar tied to the specific allegations in the report.</p>



<p><em>Featured image: Sportradar</em></p>
<p>The post <a href="https://readwrite.com/sportradar-denies-short-seller-claims-illegal-betting/">Sportradar denies short seller claims of links to illegal betting</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Gov. Hochul bans insider prediction market trades for New York State workers</title>
		<link>https://readwrite.com/hochul-bans-insider-prediction-market-trading-new-york-workers/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Thu, 23 Apr 2026 10:16:33 +0000</pubDate>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[gambling legislation]]></category>
		<category><![CDATA[New York]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593824</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers-300x200.png" class="attachment-medium size-medium wp-post-image" alt="New York Gov. Kathy Hochul speaks at podium as stock market chart illustrates executive order banning insider trading on prediction markets." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>New York Gov. Kathy Hochul has signed an executive order blocking state workers from using confidential government information to make&#8230; <a class="more-link" href="https://readwrite.com/hochul-bans-insider-prediction-market-trading-new-york-workers/">Continue reading <span class="screen-reader-text">Gov. Hochul bans insider prediction market trades for New York State workers</span></a></p>
<p>The post <a href="https://readwrite.com/hochul-bans-insider-prediction-market-trading-new-york-workers/">Gov. Hochul bans insider prediction market trades for New York State workers</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers-300x200.png" class="attachment-medium size-medium wp-post-image" alt="New York Gov. Kathy Hochul speaks at podium as stock market chart illustrates executive order banning insider trading on prediction markets." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Gov.-Hochul-bans-insider-prediction-market-trades-for-New-York-State-workers.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>New York Gov. Kathy Hochul has signed an <a href="https://www.governor.ny.gov/sites/default/files/2026-04/eo_60.pdf" target="_blank" rel="noreferrer noopener">executive order</a> blocking state workers from using confidential government information to make money on prediction markets, calling the practice a threat to public trust.</p>



<p>The order was signed on Wednesday (April 22) in Albany and took effect immediately. It applies to covered state officers and employees. They are barred from using “any nonpublic information obtained in the course of their official duties” to seek gains or avoid losses through trades on prediction market platforms. They also cannot help other people profit by passing along inside information.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">NEW: <a href="https://twitter.com/GovKathyHochul?ref_src=twsrc%5Etfw">@GovKathyHochul</a> signs EO No. 60 barring state workers from using insider info to profit on prediction markets, violation means firing <a href="https://twitter.com/RWW?ref_src=twsrc%5Etfw">@RWW</a> <a href="https://twitter.com/hashtag/PredictionMarkets?src=hash&amp;ref_src=twsrc%5Etfw">#PredictionMarkets</a> <a href="https://t.co/b6kyiGngD5">pic.twitter.com/b6kyiGngD5</a></p>&mdash; Suswati Basu (@suswatibasu) <a href="https://twitter.com/suswatibasu/status/2047031353808494967?ref_src=twsrc%5Etfw">April 22, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Violations can bring dismissal, other discipline, and possible referrals to law enforcement or ethics agencies.</p>



<p>“Getting rich by betting on inside information is corruption, plain and simple,” Hochul said in the <a href="https://www.governor.ny.gov/news/governor-hochul-signs-nation-leading-executive-order-banning-state-employees-insider-trading" target="_blank" rel="noreferrer noopener">state’s announcement</a>. “Our actions will ensure that public servants work for the people they represent, not their own personal enrichment.”</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">We’ve all seen it. Anonymous traders betting on government secrets and walking away with massive payouts.<br><br>Washington is fine with it. New York isn’t. <a href="https://t.co/LUKXG5szCL">pic.twitter.com/LUKXG5szCL</a></p>&mdash; Governor Kathy Hochul (@GovKathyHochul) <a href="https://twitter.com/GovKathyHochul/status/2047086166319513860?ref_src=twsrc%5Etfw">April 22, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Prediction markets let users buy and sell contracts based on whether future events happen. The governor’s office said those events can include “outcomes of military activity, election results, or the severity of natural disasters,” along with “obscure and manipulable events” such as “the attire of public officials at appearances” or “the volume of social media posts made by an individual.”</p>



<h2 class="wp-block-heading"><span id="how_the_hochul_insider_trading_order_reaches_prediction_markets-2">How the Hochul insider trading order reaches prediction markets</span></h2>



<p>The executive order says ethics rules need to keep pace with newer trading platforms. It states that “the maintenance of public trust is founded on the principle that public servants are charged with using their positions to benefit the public good,” and that officials should not use access to government information “for personal financial gain.”</p>



<p>It also says the “recent proliferation of prediction markets” has raised the risk that people with privileged knowledge may try to profit by “trading on insider information.”</p>



<p>Each public authority in New York is directed to adopt matching policies for officers and employees who serve at the pleasure of the appointing authority. The order defines a prediction market as an exchange-traded platform or service not licensed or permitted by the New York State Gaming Commission, where participants trade contracts tied to future events including elections, sports, economic indicators, or the actions and speech of individuals.</p>



<p>The move lands as prediction markets face heavier scrutiny across the country. We previously reported the controversy around a <a href="https://readwrite.com/polymarket-maduro-bet-cashout-insider-trading/">Polymarket contract tied to Venezuelan leader Nicolás Maduro</a>, where questions were raised about settlement decisions and whether insiders could benefit from opaque processes.</p>



<p>In a video statement posted on X, Hochul pointed to what she called “really suspicious bets with huge payoffs” including the Polymarket contract tied to Venezuelan leader Nicolás Maduro, markets on the timing and location of military actions in Iran, and even bets on the length of White House press briefings. She said insider trading in stocks has long been illegal, but argued similar conduct on prediction markets can happen with “zero consequences.”</p>



<p>She also drew a contrast with Washington, saying, “some in Washington think this is fair, but here in New York, we say no.”</p>



<p>The state has also been aggressive in policing other financial platforms. State regulators have pursued major crypto companies including <a href="https://readwrite.com/new-york-lawsuits-coinbase-gemini-explained/">Coinbase and Gemini in separate legal actions</a> centered on compliance, disclosures, and consumer protections.</p>



<p>At the same time, state Sen. Joseph Addabbo Jr. has pushed legislation that would create a <a href="https://readwrite.com/new-york-prediction-markets-addabbo-jr/">regulated path for prediction markets in New Yor</a>k, arguing oversight is better than leaving the activity offshore or unlicensed.</p>



<p>Hochul’s office said the order comes amid “increasing public scrutiny over the role of prediction markets and the need for further regulations of this emerging industry.” It also said New York is taking steps against platforms that engage in “unlicensed and unlawful gambling operations.”</p>



<p><em>Featured image: Marc A. Hermann / <a href="https://www.flickr.com/photos/mtaphotos/52134436119" target="_blank" rel="noreferrer noopener">MTA</a> / <a href="https://creativecommons.org/licenses/by/2.0/deed.en" target="_blank" rel="noreferrer noopener">CC BY 2.0</a></em> / <em>Canva</em></p>
<p>The post <a href="https://readwrite.com/hochul-bans-insider-prediction-market-trading-new-york-workers/">Gov. Hochul bans insider prediction market trades for New York State workers</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Kalshi reveals three political candidates punished over their own election market bets</title>
		<link>https://readwrite.com/kalshi-three-political-candidates-punished-election-market-bets/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Thu, 23 Apr 2026 09:43:00 +0000</pubDate>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[kalshi]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593812</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Kalshi enforcement cases graphic showing three political candidates penalized over election market betting rules, with portraits of Matt Klein, Mark Moran and Ezekiel Enriquez under Kalshi branding." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Prediction-market exchange Kalshi has publicly identified three political candidates it says violated rules that bar traders from betting on contests&#8230; <a class="more-link" href="https://readwrite.com/kalshi-three-political-candidates-punished-election-market-bets/">Continue reading <span class="screen-reader-text">Kalshi reveals three political candidates punished over their own election market bets</span></a></p>
<p>The post <a href="https://readwrite.com/kalshi-three-political-candidates-punished-election-market-bets/">Kalshi reveals three political candidates punished over their own election market bets</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Kalshi enforcement cases graphic showing three political candidates penalized over election market betting rules, with portraits of Matt Klein, Mark Moran and Ezekiel Enriquez under Kalshi branding." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-reveals-three-political-candidates-punished-over-their-own-election-market-bets-1.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Prediction-market exchange Kalshi has publicly identified three political candidates it says violated rules that bar traders from betting on contests they can influence. Their names appeared in formal enforcement notices after the company first announced the cases without identifying anyone.</p>



<p>Kalshi earlier <a href="https://news.kalshi.com/p/kalshi-political-insider-trading-enforcement-update" target="_blank" rel="noreferrer noopener">published a company update</a> titled “Enforcement update: Kalshi continues crackdown on political <a href="https://readwrite.com/how-insider-trading-works-prediction-market-platforms/">insider trading</a>,” saying three investigations had been completed. The company wrote: “Today, we&#8217;re releasing notices related to three enforcement investigations.” It added that “All three cases concern political insider trading and were flagged because of our newly released safeguards to block political candidates from trading on their own elections.”</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Today, we&#39;re releasing notices related to three enforcement investigations.<br><br>All three cases concern political insider trading and were flagged because of our newly released safeguards to block political candidates from trading on their own elections.<br><br>Kalshi does not tolerate…</p>&mdash; robertjdenault (@robertjdenault) <a href="https://twitter.com/robertjdenault/status/2047021278503080347?ref_src=twsrc%5Etfw">April 22, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>It described the punishments but did not name the people involved. Public disciplinary records linked to the update identified them as Matt Klein, Mark Moran, and Ezekiel Enriquez.&nbsp;</p>



<h2 class="wp-block-heading"><span id="who_are_the_alleged_election_candidates_penalized_by_kalshi-2">Who are the alleged election candidates penalized by Kalshi?</span></h2>



<p>Prediction markets appear to be pushing deeper into the worlds of politics and sport, raising urgent questions about whether they can truly guard against insider advantage. Critics warn that when candidates, campaign operatives, donors, or others with privileged access are allowed to trade on election-linked contracts, the integrity of those markets is immediately called into question.</p>



<p>Kalshi, for its part, says it is tightening the net. The company has stated <a href="https://readwrite.com/kalshi-tighten-rules-politicians-athletes-insider-trading/">stronger restrictions on politicians and athletes</a>, increased automated surveillance, and improved reviews designed to identify conflicts before they can distort the market, following <a href="https://readwrite.com/regulators-kalshi-insider-trading-cases-criticism/">another two insider trading cases</a>.</p>



<p>The company said the three matters showed how internal controls can identify improper activity. In its update, Kalshi said the cases demonstrated how “developing proactive engineering solutions can help identify illicit trading activity.”</p>



<p>Kalshi has also argued that prediction markets can function as information tools rather than gambling products. However, it depends heavily on confidence that insiders cannot profit from private knowledge or direct control over outcomes.</p>



<h2 class="wp-block-heading"><span id="the_three_candidate_cases-2">The three candidate cases</span></h2>



<p>In the first matter, a <a href="https://kalshi-public-docs.s3.amazonaws.com/regulatory/notices/KDA20260005%20Klein%20Notice%20of%20Settlement%20(4.21.2026)%20(7).pdf" target="_blank" rel="noreferrer noopener">settlement notice</a> said Klein had “announced himself as a candidate for public office and was added as a market option for a contract on [election].” The notice continued: “As a candidate, Klein qualified as a direct decision maker for the contract and had direct influence on the outcome of the Underlying event.”</p>



<p>Kalshi said Klein then traded “in violation of Rule 5.17(z),” which prohibits users from trading on markets where they are a decision-maker or have influence over the outcome.</p>



<p>Under the settlement, Kalshi suspended Klein from direct or indirect access to the platform for five years and imposed a $539.85 financial penalty.</p>



<p>Klein is a Democratic Minnesota state senator and reported he admitted making a $50 wager. In a statement on X, Klein wrote: “In October 2025 I heard from friends that there was a prediction market site with wagers on my primary race. I had never wagered on a predictions market previously. I was curious about how it worked. I set up an account and bet $50 of my own funds that I would win the primary.&nbsp;</p>



<p>!I was informed in March of 2026 that this was a violation of the platform rules. In compliance with their request, I paid a penalty and agreed to be suspended from the platform. That was the only wager I have ever made on a predictions market. This was a mistake, and I apologize.”</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="zxx" dir="ltr"><a href="https://t.co/gjQgGGWxrx">pic.twitter.com/gjQgGGWxrx</a></p>&mdash; Dr. Matt Klein (@DrMattKleinMN) <a href="https://twitter.com/DrMattKleinMN/status/2047055329020572002?ref_src=twsrc%5Etfw">April 22, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The <a href="https://kalshi-public-docs.s3.amazonaws.com/regulatory/notices/KDA20260003%20Moran%20Notice%20of%20Disciplinary%20Action.pdf" target="_blank" rel="noreferrer noopener">second case</a> involved Mark Moran. Kalshi alleged that “in November 2025, Moran was listed as a strike for the market ‘Who will run for public office this year?’” and that he “placed ten orders in this market on November 13 and 14, 2025.”</p>



<p>The notice said Moran later announced his candidacy for the Democratic primary for U.S. Senate in Virginia and was then added to another market, “Virginia Democratic Senate nominee?”</p>



<p>Kalshi further found that “on January 27, 2026, Moran placed two trades in this market and then promoted the market generally on social media.”</p>



<p>According to the company, Moran admitted the issue during a call. The notice states: “Moran acknowledged that these trades were improper and in violation of the Kalshi exchange rules.” It also said he later “repeatedly refused to resolve this matter via settlement and stopped responding to further correspondence.”</p>



<p>Kalshi imposed a five-year suspension and “a penalty of $6,229.30, plus disgorgement of any profits that resulted from the trading connected to this action.”</p>



<p>On X, Moran posted a video saying he intentionally placed a $100 wager to draw attention to the platform, and seemed to be less apologetic.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Kalshi accused me today of insider trading on a market that, after my request, their head of politics added me to…after it was public info that I was going to run…<br><br>*all screenshots in the video for reporters*<br><br>For $100 I got the NYT, WSJ, Washington Post, AP, Bloomberg,… <a href="https://t.co/9o6wgwSOFA">https://t.co/9o6wgwSOFA</a> <a href="https://t.co/GTIsCmBX0u">pic.twitter.com/GTIsCmBX0u</a></p>&mdash; Mark Moran for U.S. Senate (@itsmarkmoran) <a href="https://twitter.com/itsmarkmoran/status/2047131701466337658?ref_src=twsrc%5Etfw">April 23, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The third matter involved Ezekiel Enriquez. Kalshi said Enriquez “announced himself as a candidate for public office and was added as a market option for a contract on the Texas Republican primary election for Texas’s 21st Congressional District.”</p>



<p>The <a href="https://kalshi-public-docs.s3.amazonaws.com/regulatory/notices/KDA20260004%20Enriquez%20-%20Notice%20of%20Settlement%20(4.21.2025).pdf" target="_blank" rel="noreferrer noopener">notice</a> continued: “As a candidate, Enriquez qualified as a direct decision maker for the contract and had direct influence on the outcome of the Underlying event.”</p>



<p>Kalshi said the settlement established that Enriquez “purchased less than $100 worth of contracts related to his own candidacy, in violation of Rule 5.17(z).”</p>



<p>He received a five-year suspension and a $784.20 fine.</p>



<h2 class="wp-block-heading"><span id="increasing_pressure_on_safeguards-2">Increasing pressure on safeguards</span></h2>



<p>All three actions cite the same rule. Kalshi Rule 5.17(z) states: “If a Trader is a decision maker, either directly or indirectly, or has any influence, directly or indirectly, no matter the scale and importance of the influence, on the outcome of the Underlying (event) of any Contract, that Trader is prohibited from attempting to enter into any trade, either directly or indirectly, on the market in such Contracts.”</p>



<p>Regulators and market skeptics have long questioned whether exchanges can detect conflicted traders quickly enough.</p>



<p><em>Featured image: Zeke4Texas on Instagram / Mark Moran via X / Dr. Matt Klein via X / Kalshi</em></p>
<p>The post <a href="https://readwrite.com/kalshi-three-political-candidates-punished-election-market-bets/">Kalshi reveals three political candidates punished over their own election market bets</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Appeals court revives Comanche challenge to Oklahoma tribal casino lawsuit</title>
		<link>https://readwrite.com/appeals-court-revives-comanche-oklahoma-warm-springs-tribal-casino-lawsuit/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Wed, 22 Apr 2026 12:00:07 +0000</pubDate>
				<category><![CDATA[Casino]]></category>
		<category><![CDATA[oklahoma]]></category>
		<category><![CDATA[tribes]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593666</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Warm Springs Casino near Lawton Oklahoma exterior view as federal appeals court revives Comanche Nation lawsuit against Fort Sill Apache Tribe casino operations" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>A federal appeals court has given the Comanche Nation a mixed but meaningful win in its fight over the Warm&#8230; <a class="more-link" href="https://readwrite.com/appeals-court-revives-comanche-oklahoma-warm-springs-tribal-casino-lawsuit/">Continue reading <span class="screen-reader-text">Appeals court revives Comanche challenge to Oklahoma tribal casino lawsuit</span></a></p>
<p>The post <a href="https://readwrite.com/appeals-court-revives-comanche-oklahoma-warm-springs-tribal-casino-lawsuit/">Appeals court revives Comanche challenge to Oklahoma tribal casino lawsuit</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Warm Springs Casino near Lawton Oklahoma exterior view as federal appeals court revives Comanche Nation lawsuit against Fort Sill Apache Tribe casino operations" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Appeals-court-revives-Comanche-challenge-to-Oklahoma-tribal-casino-lawsuit.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>A federal appeals court has given the Comanche Nation a mixed but meaningful win in its fight over the Warm Springs Casino run by the Fort Sill Apache Tribe near Lawton, Oklahoma.</p>



<p>In a <a href="https://www.courtlistener.com/opinion/10846242/comanche-nation-v-ware/" target="_blank" rel="noreferrer noopener">decision</a> filed Tuesday (April 21), the U.S. Court of Appeals for the Tenth Circuit said part of the lawsuit can keep moving even after arguments that tribal sovereign immunity should block the case. Judges said the Comanche Nation may continue claims under the <a href="https://www.nigc.gov/office-of-general-counsel/laws-and-regulations/indian-gaming-regulatory-act/" target="_blank" rel="noreferrer noopener">Indian Gaming Regulatory Act</a>, known as IGRA, against Fort Sill Apache officials sued in their official roles.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">NEW: Tenth Circuit splits casino immunity case: Comanche Nation IGRA claims survive, while Fort Sill Apache officials win partial RICO shield <a href="https://twitter.com/RWW?ref_src=twsrc%5Etfw">@RWW</a> <a href="https://t.co/W7xOcyrTNH">pic.twitter.com/W7xOcyrTNH</a></p>&mdash; Suswati Basu (@suswatibasu) <a href="https://twitter.com/suswatibasu/status/2046657107215216674?ref_src=twsrc%5Etfw">April 21, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The dispute began after Warm Springs Casino opened in 2022. According to the ruling, the Comanche Nation runs nearby gaming properties and claimed that “The resulting competition made the Nation’s casinos less profitable.”</p>



<p>The Nation asked the court to stop casino operations and award damages. The opinion says the Nation alleged the casino “was opened in violation of federal law.”</p>



<p>Writing for the three-judge panel, Circuit Judge Timothy Tymkovich said the court would “affirm in part and reverse in part.”</p>



<h2 class="wp-block-heading"><span id="why_the_warm_springs_casino_ruling_supporting_the_comanche_nation_matters-2">Why the Warm Springs Casino ruling supporting the Comanche Nation matters</span></h2>



<p>The panel said “the Indian Gaming Regulatory Act (IGRA) abrogates the Tribe’s sovereign immunity defense, so the Nation can proceed with its official-capacity claims under IGRA.”</p>



<p>It keeps alive the central argument that Warm Springs Casino may be operating outside the Fort Sill Apache Tribe’s gaming compact with Oklahoma. The Comanche Nation contends the casino sits on land that does not qualify as Fort Sill Apache land under that compact.</p>



<p>Judges said the complaint alleges the Tsalote Allotment remains Kiowa land, not Fort Sill Apache land. At this stage, the court said it had to accept properly pleaded allegations as true.</p>



<p>The ruling also said the claim fits a federal provision allowing suits “initiated by a State or Indian tribe to enjoin a class III gaming activity located on Indian lands and conducted in violation of any Tribal-State compact.”</p>



<p>But the Comanche Nation did not win across the board. The judges rejected official-capacity racketeering claims under RICO that sought injunctions and declarations. The panel said the Ex Parte Young exception could not be used here because the complaint did not tie the named officials to ongoing casino operations.</p>



<p>As the panel put it, “Ex Parte Young does not help the Nation because its claims are not against officials charged with operating the casino.”</p>



<p>The court separately allowed individual-capacity RICO damages claims to continue, saying those claims target officials personally rather than the tribe itself. Because of that, judges wrote, “they cannot raise the Tribe’s sovereign immunity.”</p>



<p>The panel did not decide whether those officials might later assert qualified immunity.</p>



<p>The case now returns to the U.S. District Court for the Western District of Oklahoma. The decision lands amid wider tribal gaming battles, including a <a href="https://readwrite.com/yocha-dehe-vallejo-council-scotts-valley-temporary-casino-deal/">temporary casino deal involving Yocha Dehe</a>, Vallejo, and Scotts Valley in California, and a <a href="https://readwrite.com/federal-judge-pauses-tribal-lawsuit-northern-california-casino/">paused northern California tribal casino</a> lawsuit.</p>



<p><em>Featured image: Google Maps</em></p>
<p>The post <a href="https://readwrite.com/appeals-court-revives-comanche-oklahoma-warm-springs-tribal-casino-lawsuit/">Appeals court revives Comanche challenge to Oklahoma tribal casino lawsuit</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>MGM completes Northfield Park sale for $546M</title>
		<link>https://readwrite.com/mgm-completes-northfield-park-sale-546m/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Wed, 22 Apr 2026 11:37:41 +0000</pubDate>
				<category><![CDATA[Casino]]></category>
		<category><![CDATA[MGM]]></category>
		<category><![CDATA[Ohio]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593659</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M-300x200.png" class="attachment-medium size-medium wp-post-image" alt="MGM Northfield Park casino entrance in Ohio with lion statue after MGM Resorts $546 million sale to Clairvest Group" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>MGM Resorts International said Tuesday (April 21) it finished the sale of the operating business at MGM Northfield Park, wrapping&#8230; <a class="more-link" href="https://readwrite.com/mgm-completes-northfield-park-sale-546m/">Continue reading <span class="screen-reader-text">MGM completes Northfield Park sale for $546M</span></a></p>
<p>The post <a href="https://readwrite.com/mgm-completes-northfield-park-sale-546m/">MGM completes Northfield Park sale for $546M</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M-300x200.png" class="attachment-medium size-medium wp-post-image" alt="MGM Northfield Park casino entrance in Ohio with lion statue after MGM Resorts $546 million sale to Clairvest Group" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/MGM-completes-Northfield-Park-sale-for-546M.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>MGM Resorts International said Tuesday (April 21) it finished the sale of the operating business at MGM Northfield Park, wrapping up a <a href="https://readwrite.com/mgm-sells-ohio-northfield-park-casino-546-million/">$546 million all-cash transaction</a> that hands control of the Ohio property to funds managed by Clairvest Group Inc.</p>



<p>The company announced the closing from Las Vegas and framed the move as another step in reshaping its holdings while unlocking money for other priorities. The sale had been expected and now formally removes the racino from MGM’s operating lineup.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Dear guests, please see detailed FAQs about our property&#39;s transition here: <a href="https://t.co/f8w8gNlfcy">https://t.co/f8w8gNlfcy</a> <a href="https://t.co/XVIJ0GwpPC">pic.twitter.com/XVIJ0GwpPC</a></p>&mdash; Northfield Park Racino (@RacinoNP) <a href="https://twitter.com/RacinoNP/status/2044938816645931204?ref_src=twsrc%5Etfw">April 17, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Executives said the Northfield Park property had become a leading venue in its region and credited employees for sustaining performance in a competitive market.</p>



<p>“MGM Northfield Park is a market-leading property supported by a talented team that has consistently delivered outstanding guest experiences,” <a href="https://investors.mgmresorts.com/2026-04-21-MGM-RESORTS-INTERNATIONAL-ANNOUNCES-COMPLETION-OF-THE-SALE-OF-THE-OPERATIONS-OF-MGM-NORTHFIELD-PARK" target="_blank" rel="noreferrer noopener">said Bill Hornbuckle</a>, CEO &amp; President, MGM Resorts International. </p>



<p>“The property has a strong foundation, and we extend our best wishes to the team and new ownership for continued success in the next chapter of the property&#8217;s evolution.”</p>



<p>The transaction also changes MGM’s lease structure with VICI Properties Inc. MGM said its master lease, which previously included MGM Northfield Park, was amended at closing and will lower annual rent by $53 million.</p>



<p>After taxes and deal expenses, MGM expects to receive about $420 million in net cash proceeds. That gives the company additional flexibility as it weighs investments, debt management, and shareholder returns.</p>



<p>Chief Financial Officer Jonathan Halkyard said the sale showcases the strength of MGM’s operating assets while allowing the company to move on from a property it no longer views as core to long-term plans.</p>



<p>“The closing of this transaction underscores the value of MGM&#8217;s high-quality operations and provides an opportunity to divest a non-strategic regional asset at a significantly higher multiple than currently ascribed to our premium portfolio,” said Jonathan Halkyard, CFO, MGM Resorts International. “The proceeds will be deployed in line with our priorities of maintaining a strong balance sheet, selectively investing in growth opportunities, and returning capital to shareholders.”</p>



<p>MGM said Northfield Park produced roughly $142 million in adjusted EBITDAR for the year ended Dec. 31, 2025. The company noted that adjusted EBITDAR is a non-GAAP financial measure often used in gaming and hospitality to compare property-level performance.</p>



<p>Advisers on the sale included Jefferies LLC and SMBC Nikko Securities America, Inc. Legal counsel was provided by Weil, Gotshal &amp; Manges LLP.</p>



<h2 class="wp-block-heading"><span id="northfield_park_sale_gives_mgm_more_room_for_capital_plans-2">Northfield Park sale gives MGM more room for capital plans</span></h2>



<p>The completed transaction adds liquidity while MGM continues to concentrate on larger resort destinations and digital gaming interests. The company has repeatedly said it wants to focus capital where returns can be strongest.</p>



<p>MGM Resorts operates casino and hotel properties across the United States and in international markets. It also holds online sports betting and iGaming interests through BetMGM and related brands, while pursuing a major <a href="https://readwrite.com/japan-set-to-resume-bidding-process-for-casino-resort-licenses/">integrated resort project in Japan</a> as part of its Asia growth strategy.</p>



<p><em>Featured image: MGM Resorts via Facebook</em></p>
<p>The post <a href="https://readwrite.com/mgm-completes-northfield-park-sale-546m/">MGM completes Northfield Park sale for $546M</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Resorts World Queens casino to debut first live tables in April</title>
		<link>https://readwrite.com/resorts-world-queens-casino-debut-live-tables-april/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Wed, 22 Apr 2026 11:19:48 +0000</pubDate>
				<category><![CDATA[Casino]]></category>
		<category><![CDATA[Genting]]></category>
		<category><![CDATA[New York]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593651</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-300x200.png" class="attachment-medium size-medium wp-post-image" alt="A decorative 777 casino display with playing card aces sits in front of a seated crowd at Resorts World New York City. Resorts World Queens casino to debut first live tables in April" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Resorts World New York City says it plans to open New York City’s first live table games casino on April&#8230; <a class="more-link" href="https://readwrite.com/resorts-world-queens-casino-debut-live-tables-april/">Continue reading <span class="screen-reader-text">Resorts World Queens casino to debut first live tables in April</span></a></p>
<p>The post <a href="https://readwrite.com/resorts-world-queens-casino-debut-live-tables-april/">Resorts World Queens casino to debut first live tables in April</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-300x200.png" class="attachment-medium size-medium wp-post-image" alt="A decorative 777 casino display with playing card aces sits in front of a seated crowd at Resorts World New York City. Resorts World Queens casino to debut first live tables in April" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p><a href="https://readwrite.com/resorts-world-new-york-latest-casino-application-7-5bln/">Resorts World New York City</a> says it plans to open New York City’s first live table games casino on April 28, bringing blackjack, craps, baccarat and roulette to Queens in a major expansion beside Aqueduct Racetrack.</p>



<p>The start still depends on final testing by the New York Gaming Commission this week. If regulators sign off, the property says it will become the first place in the five boroughs to run live dealer table games.</p>



<p>A rebuilt third floor is set to debut with more than 240 tables and over 1,500 gaming positions spread across blackjack, craps, baccarat and roulette. Guests will also find more than 2,500 slot machines on opening day. The company says thousands of additional machines are expected later in 2026.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Resorts World New York City will open its table games April 28, the casino announced earlier today; Resorts World in Queens will become the first legal casino in New York City to offer live dealer table games</p>&mdash; Ryan Butler (@ButlerBets) <a href="https://twitter.com/ButlerBets/status/2046597028470243371?ref_src=twsrc%5Etfw">April 21, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>“New York City has never seen anything like what we&#8217;re planning for April 28. Once the Gaming Commission&#8217;s final testing is complete, live table games will be open and operating right here in Queens for the first time in the history of New York City. We are ready to welcome New Yorkers to this exciting new experience,” <a href="https://www.prnewswire.com/news-releases/resorts-world-new-york-city-set-to-officially-open-nycs-first-table-games-casino-on-april-28--follows-massive-job-creation-operation-that-has-already-doubled-employment-with-over-2-200-jobs-on-day-one-at-the-citys-hottest-new-e-302748986.html" id="https://www.prnewswire.com/news-releases/resorts-world-new-york-city-set-to-officially-open-nycs-first-table-games-casino-on-april-28--follows-massive-job-creation-operation-that-has-already-doubled-employment-with-over-2-200-jobs-on-day-one-at-the-citys-hottest-new-e-302748986.html" target="_blank" rel="noreferrer noopener">said Robert DeSalvio</a>, President of Genting Americas East. </p>



<p>“Resorts World now employees over 2,200 Team Members and have already doubled our workforce and expect thousands more Team Members as the integrated resort is developed over the next three years. This is a transformational moment for Resorts World New York City, and we cannot wait to share it with our fellow New Yorkers.”</p>



<h2 class="wp-block-heading"><span id="resorts_world_queens_casino_hiring_ramped_up_ahead_of_live_tables_opening-2">Resorts World Queens casino hiring ramped up ahead of live tables opening</span></h2>



<p>Ahead of the launch, Resorts World says it added 1,250 jobs, including 950 new table-game dealers. Most of those hires completed orientation during several sessions this week.</p>



<p>The company says its workforce now stands at about 2,200 people and could climb past 2,700 by summer as operations grow.</p>



<figure class="wp-block-image size-large"><img decoding="async" width="900" height="600" src="https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-1-900x600.png" alt="Close-up of red Resorts World New York City branded lanyards piled together at an event." class="wp-image-593655" srcset="https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-1-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-1-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-1-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Resorts-World-Queens-casino-to-debut-first-live-tables-in-April-1.png 1200w" sizes="(max-width: 900px) 100vw, 900px" /><figcaption class="wp-element-caption">Resorts World New York City lanyards are seen ahead of the casino’s live table games launch. Credit: Whitmore Studios / Resorts World</figcaption></figure>



<p>Executives also pointed out a local training pipeline. Resorts World says its Introduction to Gaming program began in 2022 and has trained more than 350 residents for gaming careers. It also says the Resorts World Dealer School has already trained and hired more than 400 local residents in Queens, with another 500 graduates expected by May.</p>



<p>A formal opening ceremony is scheduled for Tuesday, April 28, at 9:30 a.m. with plans calling for a ribbon-cutting and a ceremonial first roll of the dice.</p>



<p>The company says Genting Chairman KT Lim and NAS are expected to attend alongside elected officials, community leaders and other guests.</p>



<p>The property at 110-00 Rockaway Blvd. in Jamaica says it remains the city’s only casino-hotel and has generated nearly $5 billion for New York public education since 2011. It also includes the 400-room Hyatt Regency JFK Airport at Resorts World New York City, which opened in 2021.</p>



<p>The expansion arrives as <a href="https://readwrite.com/new-york-approves-three-casino-licenses-clearing-way-for-first-full-scale-nyc-casinos/">New York moves toward awarding three downstate casino licenses</a>. Resorts World has submitted a reported <a href="https://readwrite.com/resorts-world-new-york-city-cac/">$5.5 billion proposal to redevelop the site</a> into a larger integrated resort, and its community advisory committee recently advanced the bid to the next stage.</p>



<p><em>Featured: Whitmore Studios / Resorts World</em></p>
<p>The post <a href="https://readwrite.com/resorts-world-queens-casino-debut-live-tables-april/">Resorts World Queens casino to debut first live tables in April</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>New York lawsuits target prediction market giants Coinbase and Gemini in major showdown</title>
		<link>https://readwrite.com/new-york-lawsuits-coinbase-gemini-explained/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Wed, 22 Apr 2026 10:25:57 +0000</pubDate>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[Coinbase]]></category>
		<category><![CDATA[Gemini Titan]]></category>
		<category><![CDATA[New York]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593640</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Coinbase and Gemini logos on New York courthouse building after Attorney General lawsuits over crypto prediction markets and online gambling claims" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>New York Attorney General Letitia James has opened what may become one of the biggest state fights yet over prediction&#8230; <a class="more-link" href="https://readwrite.com/new-york-lawsuits-coinbase-gemini-explained/">Continue reading <span class="screen-reader-text">New York lawsuits target prediction market giants Coinbase and Gemini in major showdown</span></a></p>
<p>The post <a href="https://readwrite.com/new-york-lawsuits-coinbase-gemini-explained/">New York lawsuits target prediction market giants Coinbase and Gemini in major showdown</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Coinbase and Gemini logos on New York courthouse building after Attorney General lawsuits over crypto prediction markets and online gambling claims" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/New-York-lawsuits-target-prediction-market-giants-Coinbase-and-Gemini-in-major-showdown.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>New York Attorney General Letitia James has opened what may become one of the biggest state fights yet over prediction markets, suing Coinbase and Gemini and accusing both companies of running illegal online gambling operations. The paired cases were filed in New York Supreme Court and ask judges for heavy financial penalties that could ripple across a fast-growing corner of crypto finance.</p>



<p>State lawyers say residents were allowed to stake money on sports, elections, and entertainment results without the gaming licenses New York requires for legal wagering. In the attorney general’s view, calling those products market contracts does not change what they are.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">.<a href="https://twitter.com/Gemini?ref_src=twsrc%5Etfw">@Gemini</a> and <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a>&#39;s so-called prediction markets are just illegal gambling operations that expose young people to addictive platforms.<br><br>Gambling by another name is still gambling. I&#39;m suing to stop these platforms from breaking the law.<a href="https://t.co/DosDKe2un1">https://t.co/DosDKe2un1</a></p>&mdash; NY AG James (@NewYorkStateAG) <a href="https://twitter.com/NewYorkStateAG/status/2046649000799903900?ref_src=twsrc%5Etfw">April 21, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>James said the companies cannot sidestep gambling law by changing labels, and that “New Yorkers deserve the protections that come with legal, regulated gaming.” <a href="https://ag.ny.gov/press-release/2026/attorney-general-james-sues-coinbase-and-gemini-running-illegal-gambling" target="_blank" rel="noreferrer noopener">Her office said</a> it wants the court to force both firms to surrender profits, compensate consumers, and “pay fines equal to three times the profits the companies made through their illegal actions.”</p>



<p>The filings also ask for permanent court orders stopping the businesses from continuing in New York.</p>



<h2 class="wp-block-heading"><span id="new_york_ag_launches_sweeping_state_investigation_against_coinbase_and_gemini-2">New York AG launches sweeping state investigation against Coinbase and Gemini</span></h2>



<p>The complaints address how much direct testing state investigators say they carried out themselves. According to the filings, investigators placed about 22,000 bets on Coinbase and another 12,000 bets on Gemini over roughly two and a half months.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The New York AG&#39;s Office placed 12,000 bets on Gemini over a two-and-a-half-month period. <a href="https://t.co/k9AKRpCokL">pic.twitter.com/k9AKRpCokL</a></p>&mdash; Daniel Wallach (@WALLACHLEGAL) <a href="https://twitter.com/WALLACHLEGAL/status/2046670282010644627?ref_src=twsrc%5Etfw">April 21, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The complaints indicate investigators tracked how accounts were opened, how wagers were entered, what fees were charged, and how payouts moved back to users.</p>



<p>The timing matters because New York already runs one of the country’s most tightly controlled sports betting systems. Licensed mobile sportsbooks operate under strict rules, identity checks, and tax rates that have produced more than $1 billion a year for the state. Officials argue prediction markets cut around that structure while avoiding the same safeguards.</p>



<p>James has recently tied the spread of <a href="https://readwrite.com/attorney-general-james-new-york-harms-sports-betting-prediction-markets-super-bowl/">prediction markets to concerns often raised about sports betting expansion</a>, especially risks for young men and vulnerable consumers. State Sen. Joseph Addabbo Jr., a key Albany voice on gaming issues, previously <a href="https://readwrite.com/new-york-prediction-markets-addabbo-jr/">told ReadWrite that federally regulated event-contract platforms</a> may be pushing into territory traditionally overseen by states.</p>



<h2 class="wp-block-heading"><span id="the_allegations_against_gemini_titan_and_coinbase-2">The allegations against Gemini Titan and Coinbase</span></h2>



<p>The <a href="https://ag.ny.gov/sites/default/files/court-filings/new-york-v-gemini-titan-llc-petition-2026.pdf" target="_blank" rel="noreferrer noopener">Gemini complaint</a> says Gemini Titan LLC rolled out Gemini Predictions in December 2025 and made the product available across the country, including New York. Prosecutors cite Gemini’s own statement that it was “now live across all 50 U.S. states.”</p>



<p>State lawyers say users could take positions on outcomes ranging from the Super Bowl to college basketball and reality television, including “Survivor Season 50.”</p>



<p>The petition argues Gemini “seeks to avoid the legal and financial consequences of New York’s close regulation of gambling by offering what is quintessentially wagering under the guise of offering ‘event contracts’ on a ‘prediction market.’” The state also claims the platform allowed users between ages 18 and 21 to participate, despite New York restricting sports wagering to those 21 and older.</p>



<p>The <a href="https://ag.ny.gov/sites/default/files/court-filings/new-york-v-coinbase-financial-markets-inc-petition-2026.pdf" target="_blank" rel="noreferrer noopener">Coinbase case</a> follows the same blueprint. Prosecutors say Coinbase entered the prediction market business in December 2025 and later said its products were “live in all 50 states.”</p>



<p>According to the complaint, users could wager on whether the New York Knicks would cover a point spread, who would win the Super Bowl, and college basketball games involving New York schools such as St. John’s.</p>



<p>The state also points to promotional marketing, including a “$1,000,000 Bitcoin prize pool” linked to correct Super Bowl picks.</p>



<p>Legal analyst Daniel Wallach said the lawsuits may mark the first time a U.S. law enforcement agency has accused a prediction market operator of violating the federal Wire Act through sports-event contracts offered across state lines.</p>



<p>The claim appears in both cases. New York argues the companies used interstate communications systems to transmit bets or information that helped wagers. The state included that federal angle because New York courts have previously said violations of federal law can qualify as illegality under <a href="https://www.judgewatch.org/library/nys/law-ag/ag-executive-law-63-65-71.pdf">Executive Law § 63(12)</a>, the statute James is using here.</p>



<p>Wallach noted that a 1999 New York decision, <a href="https://www.casemine.com/judgement/us/59147f4dadd7b0493445f69e">People v. World Interactive Gaming</a>, recognized alleged Wire Act violations within that framework.</p>



<h2 class="wp-block-heading"><span id="what_the_cases_could_change-2">What the cases could change</span></h2>



<p>Another eyebrow-raising feature of the Gemini matter is who is handling it. The lead attorneys named for the attorney general’s office are Brent Tomer and Alejandra de Urioste, both former trial lawyers at the Commodity Futures Trading Commission.</p>



<p>They previously helped lead the <a href="https://www.cftc.gov/PressRoom/PressReleases/9031-25" target="_blank" rel="noreferrer noopener">CFTC’s 2022 enforcement case against Gemini</a>, which later ended in a $5 million settlement. After layoffs at the federal agency, they joined the New York attorney general’s office.</p>



<p>Their presence adds technical experience because the CFTC is the federal regulator most associated with derivatives markets and event contracts. This could matter if the defense argues these products belong under federal commodities law rather than state gambling law.</p>



<p>Wallach also said the Coinbase and Gemini filings may signal future pressure on Kalshi, the federally regulated exchange that has become central to the national fight over sports-event contracts.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">“Legal expert Daniel Wallach noted that Kalshi is likely next after the lawsuit against Coinbase and Gemini. He explained that New York hasn’t sued the prediction markets platform because of the pending motion for a preliminary injunction.” <a href="https://t.co/F4FDlpNRvI">https://t.co/F4FDlpNRvI</a></p>&mdash; Daniel Wallach (@WALLACHLEGAL) <a href="https://twitter.com/WALLACHLEGAL/status/2046667597119209649?ref_src=twsrc%5Etfw">April 21, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>He said New York may have held off because of pending litigation involving a request for a preliminary injunction. Once that issue is resolved, he said, pressure on Kalshi could rise, creating a domino effect.</p>



<p><em>Featured image: Gemini Titan / Coinbase / Pexels</em></p>
<p>The post <a href="https://readwrite.com/new-york-lawsuits-coinbase-gemini-explained/">New York lawsuits target prediction market giants Coinbase and Gemini in major showdown</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Kalshi seeks Montana court injunction over federal prediction market authority fight</title>
		<link>https://readwrite.com/kalshi-seeks-montana-court-injunction/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Wed, 22 Apr 2026 09:31:39 +0000</pubDate>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[kalshi]]></category>
		<category><![CDATA[Montana]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593633</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Kalshi logo beside Montana State Capitol building as Kalshi seeks federal injunction against Montana gambling enforcement over prediction markets" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Kalshi went to federal court in Montana on Tuesday (April 21), asking a judge to stop state officials from using&#8230; <a class="more-link" href="https://readwrite.com/kalshi-seeks-montana-court-injunction/">Continue reading <span class="screen-reader-text">Kalshi seeks Montana court injunction over federal prediction market authority fight</span></a></p>
<p>The post <a href="https://readwrite.com/kalshi-seeks-montana-court-injunction/">Kalshi seeks Montana court injunction over federal prediction market authority fight</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Kalshi logo beside Montana State Capitol building as Kalshi seeks federal injunction against Montana gambling enforcement over prediction markets" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Kalshi-seeks-Montana-court-injunction-over-federal-prediction-market-authority-fight.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p><a href="https://readwrite.com/kalshi-lawsuit-montana/">Kalshi went to federal court in Montana</a> on Tuesday (April 21), asking a judge to stop state officials from using gambling laws against its federally regulated prediction market. The company says Montana is trying to shut down trading activity that falls under the sole authority of the U.S. Commodity Futures Trading Commission.</p>



<p>The <a href="https://www.courtlistener.com/docket/73181283/7/kalshiex-llc-v-knudsen/" target="_blank" rel="noreferrer noopener">filing</a> seeks a preliminary injunction in the U.S. District Court for the District of Montana. On the same day, Kalshi also filed an unopposed request to pause case deadlines while both sides continue discussions. Defendants include Attorney General Austin Knudsen, the Montana Gambling Control Division, and other state officials.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">NEW: Kalshi sues Montana officials, claiming state crackdown on event contracts violates federal authority over derivatives markets <a href="https://twitter.com/hashtag/PredictionMarkets?src=hash&amp;ref_src=twsrc%5Etfw">#PredictionMarkets</a> <a href="https://twitter.com/RWW?ref_src=twsrc%5Etfw">@RWW</a> <a href="https://t.co/K6RIjpB4Xk">pic.twitter.com/K6RIjpB4Xk</a></p>&mdash; Suswati Basu (@suswatibasu) <a href="https://twitter.com/suswatibasu/status/2043707669253333103?ref_src=twsrc%5Etfw">April 13, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Kalshi told the court state officials are “unconstitutionally threatening to prohibit trading on Kalshi’s federally designated contract market,” even though its contracts are “federally authorized” and Congress granted the CFTC “exclusive jurisdiction” over designated contract markets.</p>



<p>Kalshi runs a federally licensed exchange offering event contracts. The contracts let users trade on whether future events will happen, from economic data to elections and sports outcomes. The company argues those products are derivatives governed by federal commodities law, not sports wagers or gambling products controlled separately by each state.</p>



<p>According to the complaint, Montana regulators decided Kalshi’s offerings in the state “constitute illegal gambling” under Montana law and ordered the company to stop offering contracts to residents. The state warned that it “expect[ed]” Kalshi to “voluntarily comply” and that “[r]efusal to do so will result in legal action against Kalshi.”</p>



<h2 class="wp-block-heading"><span id="why_kalshi_is_asking_for_a_preliminary_injunction_against_montana-2">Why Kalshi is asking for a preliminary injunction against Montana</span></h2>



<p>Kalshi said Montana had previously agreed to a standstill in April 2025. Under that deal, the Gambling Control Division said it would “not initiate any civil or criminal enforcement against Kalshi during the pendency of” related Nevada litigation and would “defer any enforcement pending the outcome of the proceedings before Chief Judge Gordon in Nevada and any appeal to the Ninth Circuit.”</p>



<p>The company says those Nevada proceedings were still active when Montana sent a new cease-and-desist letter dated April 6, 2026. Kalshi says it received that letter on April 11, asked officials for clarification, but “received no response and filed the Complaint.”</p>



<p>In its latest brief, Kalshi argued Congress built a national framework for exchanges like its own, and letting states block trading one by one would break that system. The company cited legislative history saying that “different State laws would just lead to total chaos.”</p>



<p>The Montana case follows similar fights around the country. Kalshi has recently pointed to favorable rulings in <a href="https://readwrite.com/appeals-court-backs-kalshi-new-jersey-arizona/">New Jersey</a>, <a href="https://readwrite.com/federal-judge-halts-arizona-prediction-markets/">Arizona</a>, and <a href="https://readwrite.com/federal-judge-blocks-tennessee-kalshi-prediction-market-sports-contracts/">Tennessee</a>, where judges found the company was likely to succeed on arguments that federal commodities law preempts state gaming enforcement. It has also <a href="https://readwrite.com/kalshi-sues-iowa-federal-authority-prediction-market-contracts/">sued Iowa while challenging similar state actions</a> elsewhere.</p>



<p>Kalshi says immediate relief is needed because Montana’s newest letter creates an “imminent threat” of enforcement. It asked the court to stop officials from enforcing Montana gambling statutes or “any other Montana law that attempts to regulate Kalshi’s exchange” while the lawsuit moves ahead.</p>



<p><em>Featured image: Kalshi / Canva</em></p>
<p>The post <a href="https://readwrite.com/kalshi-seeks-montana-court-injunction/">Kalshi seeks Montana court injunction over federal prediction market authority fight</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>German regulator targets Capital Bra over alleged illegal gambling promotion case</title>
		<link>https://readwrite.com/germany-regulator-capital-bra-alleged-illegal-gambling-promotion/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Tue, 21 Apr 2026 12:55:10 +0000</pubDate>
				<category><![CDATA[Gambling]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[illegal gambling]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593475</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Capital Bra performing live on stage with microphone during concert amid Germany gambling regulator fine controversy. Germany regulator targets Capital Bra over alleged illegal gambling promotion case" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Germany’s gambling regulator says it has intensified action against rapper Capital Bra after what it describes as repeated promotion of&#8230; <a class="more-link" href="https://readwrite.com/germany-regulator-capital-bra-alleged-illegal-gambling-promotion/">Continue reading <span class="screen-reader-text">German regulator targets Capital Bra over alleged illegal gambling promotion case</span></a></p>
<p>The post <a href="https://readwrite.com/germany-regulator-capital-bra-alleged-illegal-gambling-promotion/">German regulator targets Capital Bra over alleged illegal gambling promotion case</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Capital Bra performing live on stage with microphone during concert amid Germany gambling regulator fine controversy. Germany regulator targets Capital Bra over alleged illegal gambling promotion case" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Germany-regulator-targets-Capital-Bra-over-alleged-illegal-gambling-promotion-case.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Germany’s gambling regulator says it has intensified action against rapper Capital Bra after what it describes as repeated promotion of illegal online gambling across his social media accounts.</p>



<p>The Joint Gambling Authority of the Länder, or GGL, said on Monday (April 20) that an ongoing case centers on videos and livestreams in which the artist allegedly showed himself using unauthorized gambling services while encouraging followers to engage with them. The news comes after reports that he was <a href="https://www.focus.de/kultur/stars/arzt-von-capital-bra-warnt-wenn-er-nicht-aufhoert-kann-es-sein-dass-sein-leben-vorbeigeht_d0af9141-a800-4c0c-95ac-b6e6cc813421.html" id="https://www.focus.de/kultur/stars/arzt-von-capital-bra-warnt-wenn-er-nicht-aufhoert-kann-es-sein-dass-sein-leben-vorbeigeht_d0af9141-a800-4c0c-95ac-b6e6cc813421.html" target="_blank" rel="noreferrer noopener">rushed to the hospital the same day</a> following an alleged drug overdose.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="de" dir="ltr">Capital Bra soll Werbung gemacht, selbst gespielt und das im Internet gezeigt haben. Die Glücksspielbehörde will, dass er zahlt, doch der Rapper reagiert nicht. <a href="https://t.co/Fq9g0Fz4Au">https://t.co/Fq9g0Fz4Au</a></p>&mdash; stern (@sternde) <a href="https://twitter.com/sternde/status/2046245937815675192?ref_src=twsrc%5Etfw">April 20, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p><a href="https://www.gluecksspiel-behoerde.de/de/news/ggl-geht-gegen-rapper-capital-bra-wegen-werbung-fuer-illegales-gluecksspiel-vor" target="_blank" rel="noreferrer noopener">According to the authority</a>, videos remained available on his channels after the streams ended, while banner advertising for related sites continued to appear. Regulators also allege he ran a comparison website that directed users toward illegal gambling providers.</p>



<p>German law bars advertising for illegal gambling under Section 5, paragraph 7 of the 2021 State Treaty on Gambling. The GGL says showing participation in unlawful gambling can itself function as marketing because it normalizes the activity and drives traffic.</p>



<h2 class="wp-block-heading"><span id="how_the_illegal_gambling_crackdown_grew_against_capital_bra-2">How the illegal gambling crackdown grew against Capital Bra</span></h2>



<p>The authority said it first opened proceedings in October 2025 over suspected illegal gambling advertising. It says a hearing notice received no response. A prohibition order followed, including the threat of a coercive fine, and regulators say that order also went unanswered.</p>



<p>The GGL then set a coercive penalty of 250,000 euros ($294,000). With assistance from West Hesse police, officials served the notice during one of the rapper’s club concerts in Wiesbaden last weekend.</p>



<p>“We are not deterred even by well-known names. Anyone who promotes illegal gambling must expect decisive regulatory action,” Ronald Benter, executive board member of the GGL, said in the statement.</p>



<p>The regulator says cases involving celebrities and influencers can be harder to enforce when individuals are difficult to contact or documents cannot be served easily. Even so, it says it will keep using available legal tools and police cooperation when needed.</p>



<p>Germany has recently warned consumers about newer forms of <a href="https://readwrite.com/german-gambling-regulator-ggl-warns-against-illegal-social-betting/">illegal social betting</a> that can spread quickly online through community-style platforms and creator promotion. Officials say those offers may appear harmless or game-like while still exposing users to unlicensed gambling risks.</p>



<p>There has been increasing scrutiny of celebrity-linked gambling promotion internationally. Recent reporting has examined claims around <a href="https://readwrite.com/drake-accused-of-playing-with-stakes-house-money-in-8-million-loss/">high-profile streaming losses involving Drake and Stake</a>, raising questions about whether sponsored personalities gamble with their own funds or promotional balances.</p>



<p>Elsewhere in Europe, regulators have also stepped up enforcement. <a href="https://readwrite.com/two-influencers-face-e30000-fine-for-gambling-marketing-in-finland/">Finnish authorities recently moved against two influencers</a> over gambling marketing tied to possible fines of 30,000 euros, while the Dutch gambling authority took action involving <a href="https://readwrite.com/dutch-gambling-authority-influencer-leftlanepapi-illegal-gambling/">influencer LeftLanePapi over illegal gambling</a> promotion.</p>



<p>The GGL says its campaign is meant to protect consumers from sites outside state supervision. It warns those operators may lack player safeguards and can expose users to addiction, manipulated game presentations, and serious financial losses.</p>



<p><em>Featured image: <a href="https://de.wikipedia.org/wiki/User:2eight" target="_blank" rel="noreferrer noopener">Stefan Brending</a> / <a href="https://creativecommons.org/licenses/by-sa/3.0/de/legalcode" target="_blank" rel="noreferrer noopener">CC-BY-SA-3.0 de</a></em></p>
<p>The post <a href="https://readwrite.com/germany-regulator-capital-bra-alleged-illegal-gambling-promotion/">German regulator targets Capital Bra over alleged illegal gambling promotion case</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Fresno Arts Council ex manager admits $1.8M theft spent on gambling</title>
		<link>https://readwrite.com/fresno-arts-council-ex-manager-guilty-1-8m-theft-gambling/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Tue, 21 Apr 2026 12:35:41 +0000</pubDate>
				<category><![CDATA[Gambling]]></category>
		<category><![CDATA[California]]></category>
		<category><![CDATA[crime]]></category>
		<category><![CDATA[illegal gambling]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593463</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Fresno Arts Council ex manager admits $1.8M theft on gambling expenses. Suliana Caldwell in a red t-shirt against a building" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>A former finance manager for the Fresno Arts Council has pleaded guilty after federal prosecutors accused her of siphoning more&#8230; <a class="more-link" href="https://readwrite.com/fresno-arts-council-ex-manager-guilty-1-8m-theft-gambling/">Continue reading <span class="screen-reader-text">Fresno Arts Council ex manager admits $1.8M theft spent on gambling</span></a></p>
<p>The post <a href="https://readwrite.com/fresno-arts-council-ex-manager-guilty-1-8m-theft-gambling/">Fresno Arts Council ex manager admits $1.8M theft spent on gambling</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Fresno Arts Council ex manager admits $1.8M theft on gambling expenses. Suliana Caldwell in a red t-shirt against a building" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Fresno-Arts-Council-ex-manager-admits-1.8M-theft-on-gambling-expenses.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>A former finance manager for the Fresno Arts Council has <a href="https://readwrite.com/sacramento-beauty-queen-admits-10m-investment-fraud-gambling/" id="https://readwrite.com/sacramento-beauty-queen-admits-10m-investment-fraud-gambling/" target="_blank" rel="noreferrer noopener">pleaded guilty</a> after federal prosecutors accused her of siphoning more than $1.8 million from the nonprofit, and spending part of the money to gamble at local casinos, pay for vacations, and cover other personal expenses.</p>



<p>Suliana Caldwell, 46, of Fresno, admitted one count of <a href="https://readwrite.com/hartford-amazon-sentenced-prison-167000-rewards-fraud-gambling-habit/" id="https://readwrite.com/hartford-amazon-sentenced-prison-167000-rewards-fraud-gambling-habit/" target="_blank" rel="noreferrer noopener">wire fraud</a> in federal court, the <a href="https://www.justice.gov/usao-edca/pr/former-fresno-art-council-manager-pleads-guilty-embezzling-18-million-publicly" id="https://www.justice.gov/usao-edca/pr/former-fresno-art-council-manager-pleads-guilty-embezzling-18-million-publicly" target="_blank" rel="noreferrer noopener">U.S. Attorney’s Office for the Eastern District of California</a> said. Prosecutors contend the losses mounted while she controlled key accounts and handled internal financial reporting.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">The former Fresno Arts Council operations manager pleaded guilty today to federal wire fraud charges following an investigation by the FBI and the <a href="https://twitter.com/FresnoPolice?ref_src=twsrc%5Etfw">@FresnoPolice</a>. She embezzled more than $1.8 million from the organization. Please visit <a href="https://t.co/otOrH4iwxb">https://t.co/otOrH4iwxb</a> for more information. <a href="https://t.co/XdNBCs7vgC">pic.twitter.com/XdNBCs7vgC</a></p>&mdash; FBI Sacramento (@FBISacramento) <a href="https://twitter.com/FBISacramento/status/2046311750551683073?ref_src=twsrc%5Etfw">April 20, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>According to <a href="https://www.justice.gov/usao-edca/media/1436696/dl?inline" target="_blank" rel="noreferrer noopener">court records</a>, Caldwell worked as the council’s operations manager from 2021 until February 2026. The position gave her authority over bank accounts, payroll, grants, donations and other day-to-day finances.</p>



<p>She also assembled financial updates that were shared with the executive director, board members and local government officials.</p>



<p>Investigators say the theft started in 2022, when Caldwell began making “unauthorized transfers from the FAC’s bank accounts to her own personal PayPal and to her bank accounts.”</p>



<p>Prosecutors said the amounts grew sharply the following year after new public money reached the organization. The plea agreement says those transfers “increased significantly in 2023” after the council began receiving Measure P funds.</p>



<p>Measure P is a voter-approved Fresno tax measure that supports parks, trails, arts programming and other community projects. Federal prosecutors said the Fresno Arts Council received $9.4 million in August 2023, followed by another $5.7 million in October 2024.</p>



<h2 class="wp-block-heading"><span id="how_fresno_arts_council_manager_hid_money_used_for_gambling_and_personal_expenses-2">How Fresno Arts Council manager hid money used for gambling and personal expenses</span></h2>



<p>Federal prosecutors said Caldwell used a position of trust to keep the scheme from being detected. According to the plea agreement, she “altered and misreported the financial figures in the reports to make the reports appear as though no unauthorized transfers were occurring.”</p>



<p>They were then provided to council leaders and public officials as if they were accurate, prosecutors said.</p>



<p>The filing says that between June 2022 and February 2026, Caldwell took more than $1.8 million. It adds: “She then used the funds to gamble at local casinos, pay for vacations, and for other improper personal expenses.”</p>



<p>Investigators said Caldwell later met with the Fresno Police Department and the FBI on March 26, 2026. During that interview, authorities said, she confessed and described the organization’s financial procedures during her time there. Caldwell&#8217;s defense attorney, Kevin Rooney, told reporters outside the court: &#8220;Ms Caldwell had some emotional problems, alcohol problems, all of it spiralled into a gambling addiction.</p>



<p>&#8220;Ms Caldwell&#8217;s extremely distraught about what she&#8217;s done. It&#8217;s impacted her family; it&#8217;s impacted the Fresno Arts Council.&#8221;</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Suliana Caldwell walked into federal court on Monday to plead guilty after prosecutors said she stole $1.8 million from the Fresno Arts Council.<br><br>I exclusively reported on the investigation and her identity in February.<br><br>Watch my latest reporting for <a href="https://twitter.com/ABC30?ref_src=twsrc%5Etfw">@ABC30</a> <a href="https://t.co/01g9CzutJD">pic.twitter.com/01g9CzutJD</a></p>&mdash; Gabe Ferris (@GabeABC30) <a href="https://twitter.com/GabeABC30/status/2046380790800584993?ref_src=twsrc%5Etfw">April 21, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>When asked about the artists impacted by the theft, Rooney added, &#8220;I can&#8217;t speak exactly to what Ms. Caldwell would say. She&#8217;s very upset. It&#8217;s just unfortunate all around for the artists, for the community, for Ms Caldwell, for her family.&#8221;</p>



<p>The FBI and Fresno Police Department are investigating the case. Assistant U.S. Attorneys Cody S. Chapple and Joseph D. Barton are leading the prosecution.</p>



<p>Caldwell is scheduled to be sentenced before U.S. District Judge Jennifer L. Thurston on August 10, 2026.</p>



<p>She faces a maximum possible sentence of 20 years in prison and a $250,000 fine. Any final punishment will be set by the court after reviewing federal sentencing guidelines and the circumstances of the case.</p>



<p><em>Featured image: Suliana Caldwell via LinkedIn</em></p>
<p>The post <a href="https://readwrite.com/fresno-arts-council-ex-manager-guilty-1-8m-theft-gambling/">Fresno Arts Council ex manager admits $1.8M theft spent on gambling</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Fanatics Markets launches Combos feature as basketball postseason trading starts</title>
		<link>https://readwrite.com/fanatics-markets-launches-combos-basketball-postseason-trading/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Tue, 21 Apr 2026 10:42:08 +0000</pubDate>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[crypto.com]]></category>
		<category><![CDATA[Fanatics]]></category>
		<category><![CDATA[sports betting]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593439</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Fanatics Markets Combos feature promo showing multi-game sports prediction market picks across basketball baseball and hockey bets" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Fanatics Markets has introduced a new product called Combos, giving customers another way to trade sports outcomes as the basketball&#8230; <a class="more-link" href="https://readwrite.com/fanatics-markets-launches-combos-basketball-postseason-trading/">Continue reading <span class="screen-reader-text">Fanatics Markets launches Combos feature as basketball postseason trading starts</span></a></p>
<p>The post <a href="https://readwrite.com/fanatics-markets-launches-combos-basketball-postseason-trading/">Fanatics Markets launches Combos feature as basketball postseason trading starts</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Fanatics Markets Combos feature promo showing multi-game sports prediction market picks across basketball baseball and hockey bets" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Fanatics-Markets-launches-Combos-feature-as-basketball-postseason-trading-starts.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Fanatics Markets has introduced a new product called Combos, giving customers another way to trade sports outcomes as the basketball playoffs get underway.</p>



<p>The feature was rolled out Monday (April 20). It allows users to bundle multiple outcomes into one new contract inside Fanatics Markets. The selections can include player props, winners, spreads and totals. Customers can mix picks from different sports, different games, or keep everything inside a single matchup.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">.<a href="https://twitter.com/Fanatics?ref_src=twsrc%5Etfw">@Fanatics</a> Markets launches Combos, letting users bundle sports predictions across leagues. Available on iOS and Android in 24 states today. <a href="https://twitter.com/RWW?ref_src=twsrc%5Etfw">@RWW</a> <a href="https://t.co/oXffK0FYWT">pic.twitter.com/oXffK0FYWT</a></p>&mdash; Suswati Basu (@suswatibasu) <a href="https://twitter.com/suswatibasu/status/2046317582039310620?ref_src=twsrc%5Etfw">April 20, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The launch adds to Fanatics’ push into prediction markets, an area the company entered in 2025 when it rolled out <a href="https://readwrite.com/fanatics-launches-prediction-market-fanatics-markets/">Fanatics Markets</a>. Earlier reporting around the launch said Fanatics was moving into the space through a <a href="https://readwrite.com/fanatics-sportsbook-to-launch-prediction-markets-via-new-crypto-com-partnership-soon/">partnership with Crypto.com</a>, in a bid to offer event-based trading tied to sports results.</p>



<h2 class="wp-block-heading"><span id="how_fanatics_markets_combos_works-2">How Fanatics Markets Combos works</span></h2>



<p>Fanatics said customers can find eligible markets by looking for the combo icon, then building a custom contract from there. The company says Combos is currently available for professional basketball, baseball, hockey, soccer, football, boxing, MMA and tennis, with more sports expected later.</p>



<p>The company said it is launching the product “just in time for basketball’s postseason,” while making it usable across several major leagues at the same time.</p>



<p>Fanatics Markets is available on iOS and Android in 24 states and four U.S. territories. The company also says web access is offered in those same approved jurisdictions. Among the states specifically named were California, Texas and Florida.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Fanatics Markets has combos now <a href="https://t.co/XEwHK3G11l">pic.twitter.com/XEwHK3G11l</a></p>&mdash; Dustin Gouker (@DustinGouker) <a href="https://twitter.com/DustinGouker/status/2044559172604465274?ref_src=twsrc%5Etfw">April 15, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>The company says the platform runs on infrastructure provided by Crypto.com Derivatives North America, or CDNA, which Fanatics identified as a CFTC-registered exchange. Fanatics has argued that structure gives users a regulated venue to trade contracts tied to sports moments such as game winners, player milestones and championship outcomes.</p>



<p>The regulatory backdrop has drawn attention across the industry. Coverage this year also noted a <a href="https://readwrite.com/nevada-judge-crypto-com-ruling-influenced-by-tribal-brief-not-swaps-injunction/">Nevada court dispute involving </a><a href="http://crypto.com">Crypto.com</a>, which may end up affecting the partnership.</p>



<p>Fanatics states it is also introducing consumer safeguards alongside the new product. According to the company, Fanatics Markets includes tools intended to help customers manage exposure and make informed decisions while trading.</p>



<p>This includes deposit limits, session limits, timeouts and self-exclusion options. The company says those settings are designed to support responsible use of the platform.</p>



<p><em>Featured image: Fanatics via <a href="https://www.instagram.com/reels/DXJ6gSrkyJL/" id="https://www.instagram.com/reels/DXJ6gSrkyJL/" target="_blank" rel="noreferrer noopener">Instagram</a></em></p>
<p>The post <a href="https://readwrite.com/fanatics-markets-launches-combos-basketball-postseason-trading/">Fanatics Markets launches Combos feature as basketball postseason trading starts</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Arizona court battle against Kalshi slows amid legal scope disputes</title>
		<link>https://readwrite.com/arizona-court-kalshi-delays/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Tue, 21 Apr 2026 10:19:58 +0000</pubDate>
				<category><![CDATA[Prediction Markets]]></category>
		<category><![CDATA[Arizona]]></category>
		<category><![CDATA[kalshi]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593431</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Arizona court battle against Kalshi slows amid legal scope disputes. Kalshi seeks preliminary injunction as tribes oppose Arizona betting crackdown. Kalshi challenges Arizona regulators seeks injunction over prediction market crackdown. Graphic showing the word “Kalshi” on a black background beside a nighttime skyline of Phoenix, Arizona with mountains in the distance." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>A fight over prediction markets, federal authority, and Arizona gambling law is moving onto a slower track after all sides&#8230; <a class="more-link" href="https://readwrite.com/arizona-court-kalshi-delays/">Continue reading <span class="screen-reader-text">Arizona court battle against Kalshi slows amid legal scope disputes</span></a></p>
<p>The post <a href="https://readwrite.com/arizona-court-kalshi-delays/">Arizona court battle against Kalshi slows amid legal scope disputes</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Arizona court battle against Kalshi slows amid legal scope disputes. Kalshi seeks preliminary injunction as tribes oppose Arizona betting crackdown. Kalshi challenges Arizona regulators seeks injunction over prediction market crackdown. Graphic showing the word “Kalshi” on a black background beside a nighttime skyline of Phoenix, Arizona with mountains in the distance." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/03/Kalshi-challenges-Arizona-regulators-seeks-injunction-over-prediction-market-crackdown.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>A fight over prediction markets, federal authority, and <a href="https://readwrite.com/judge-allows-arizona-gambling-case-kalshi-denying-preliminary-injunction/">Arizona gambling law</a> is moving onto a slower track after all sides asked for more time, even as they continue arguing over what a temporary court order actually blocks.</p>



<p>In a <a href="https://www.courtlistener.com/docket/72489636/80/kalshiex-llc-v-johnson/" id="https://www.courtlistener.com/docket/72489636/80/kalshiex-llc-v-johnson/" target="_blank" rel="noreferrer noopener">joint status report</a> filed Monday (April 20) in U.S. District Court in Arizona, the United States, the Commodity Futures Trading Commission, Kalshi, and Arizona officials said they had met under a prior court order and were updating the judge on scheduling.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">LATEST: Arizona seeks June delay in Kalshi case; TRO remains as parties clash over state probe powers and betting contracts. <a href="https://twitter.com/hashtag/PredictionMarkets?src=hash&amp;ref_src=twsrc%5Etfw">#PredictionMarkets</a> <a href="https://t.co/FgPeJxPL9m">pic.twitter.com/FgPeJxPL9m</a></p>&mdash; Suswati Basu (@suswatibasu) <a href="https://twitter.com/suswatibasu/status/2046319052117938387?ref_src=twsrc%5Etfw">April 20, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>Arizona asked to cancel the current May 6 hearing on the federal plaintiffs’ request for a preliminary injunction and reset it for June 3 or another date later in June. The state also said, “Defendants consent to extending the current Temporary Restraining Order through the hearing date and to such time as the Court decides the Motion for Preliminary Injunction.”</p>



<p>The temporary restraining order was issued earlier this month after a <a href="https://readwrite.com/federal-judge-halts-arizona-prediction-markets/">federal judge temporarily halted Arizona enforcement</a> tied to the disputed contracts, preserving the status quo while the case moved forward.</p>



<p>The parties also noted that the Ninth Circuit Court of Appeals may soon rule in related consolidated appeals argued April 16. This involves similar clashes over event contracts and whether states can act against federally regulated markets.</p>



<p>Federal plaintiffs said they do not need another round of briefing. They told the court that “the best course of action would be to convert the TRO to a preliminary injunction and to stay the case pending a decision in the Ninth Circuit.” Kalshi said it agrees.</p>



<h2 class="wp-block-heading"><span id="arizona_dispute_over_kalshi_scope_remains_amid_delays-2">Arizona dispute over Kalshi scope remains amid delays</span></h2>



<p>Arizona wants a fuller record before any injunction decision. State lawyers said the court would benefit from information “regarding standing and any financial, economic, commercial consequences associated with sports or election event contracts traded on designated contract markets.”</p>



<p>The state added that it expects witness testimony at the hearing and declarations with its opposition filing. Arizona also said supplemental briefing would help after the restraining order and recent appellate arguments. It plans to address “standing, merits (what instruments do or do not qualify as swaps, or as properly listed event contracts, and why), irreparable harm, and the balance of equities.”</p>



<p>Federal plaintiffs pushed back, saying the judge already has substantial briefing and heard argument on April 10. They said more briefing “would be duplicative, especially with the Ninth Circuit likely to issue a decision quickly.” Kalshi likewise said more briefing is unnecessary, though it wants to participate if future filings affect its interests.</p>



<p>The filing also touched on an intervention request from North American Derivatives Exchange, doing business as <a href="https://readwrite.com/crypto-com-pulls-prediction-market-sports-contracts-arizona/" id="https://readwrite.com/crypto-com-pulls-prediction-market-sports-contracts-arizona/">Crypto.com</a> Derivatives North America. Arizona said it does not oppose intervention if the company joins the federal plaintiffs’ injunction request and avoids repetitive briefing. If approved, CDNA would be added as an intervenor-plaintiff, permitted to file its complaint in the consolidated action, and formally join the plaintiffs’ request for a preliminary injunction and temporary restraining order. Arizona said it does not oppose the move after receiving assurances that CDNA would avoid duplicative briefing.</p>



<p>Another major issue centers on the restraining order’s reach. Arizona said it reads the order as blocking new enforcement actions, but not investigations or subpoenas. Federal plaintiffs objected, arguing investigations burden federally regulated designated contract markets, unsettle traders, and interfere with the CFTC’s claimed exclusive oversight role. Kalshi said it agrees with that reading.</p>



<p>The Arizona case follows other recent rulings, including <a href="https://readwrite.com/appeals-court-backs-kalshi-new-jersey-arizona/">appellate decisions that favored Kalshi</a> in disputes involving New Jersey and Arizona.</p>



<p><em>Featured image: Kalshi / Canva</em></p>
<p>The post <a href="https://readwrite.com/arizona-court-kalshi-delays/">Arizona court battle against Kalshi slows amid legal scope disputes</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Evoke takeover talks by Bally’s Intralot confirm pressure on gambling group finances</title>
		<link>https://readwrite.com/evoke-takeover-talks-ballys-intralot/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Tue, 21 Apr 2026 09:55:59 +0000</pubDate>
				<category><![CDATA[Gambling]]></category>
		<category><![CDATA[bally's]]></category>
		<category><![CDATA[evoke]]></category>
		<category><![CDATA[intralot]]></category>
		<category><![CDATA[william hill]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593422</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Bally&#039;s casino sign and William Hill betting shop storefront, illustrating gambling industry takeover talks involving Evoke plc brands." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Evoke has confirmed it is talking with Bally’s Intralot S.A. about a possible takeover, ending days of market chatter around&#8230; <a class="more-link" href="https://readwrite.com/evoke-takeover-talks-ballys-intralot/">Continue reading <span class="screen-reader-text">Evoke takeover talks by Bally’s Intralot confirm pressure on gambling group finances</span></a></p>
<p>The post <a href="https://readwrite.com/evoke-takeover-talks-ballys-intralot/">Evoke takeover talks by Bally’s Intralot confirm pressure on gambling group finances</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Bally&#039;s casino sign and William Hill betting shop storefront, illustrating gambling industry takeover talks involving Evoke plc brands." style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Evoke-takeover-talks-by-Ballys-Intralot-confirm-pressure-on-gambling-group-finances.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Evoke has confirmed it is talking with Bally’s Intralot S.A. about a possible takeover, ending days of market chatter around the debt-laden betting group that owns William Hill and 888.</p>



<p>The London-listed company said the early-stage approach values the business at 50 pence a share ($0.68). Investors have been watching for signs of corporate interest after a difficult stretch marked by tax pressure, store closures and questions over leverage.</p>



<p>In a <a href="https://www.londonstockexchange.com/news-article/EVOK/statement-regarding-media-speculation/17553514" target="_blank" rel="noreferrer noopener">stock exchange statement</a>, Evoke said it “notes the recent media speculation and confirms that it is in discussions with Bally’s Intralot S.A. … regarding a possible offer for the entire issued and to be issued share capital of the Company at a price of 50 pence per share.” The company added that the proposal “is expected to comprise an all-share combination with a partial cash alternative.”</p>



<p>The board said there “can be no certainty that an offer will be made or as to the terms on which any offer might be made,” and said shareholders “are advised not to take any action in relation to the Proposal.” Evoke said its board is evaluating the approach with advisers Morgan Stanley and Rothschild &amp; Co.</p>



<p>Under takeover rules, Bally’s Intralot has until 5 p.m. London time on May 18 to announce a firm offer or step away, unless Evoke agrees to an extension.</p>



<h2 class="wp-block-heading"><span id="pressure_has_been_building_for_evoke_in_recent_months_after_uk_budget_as_ballys_floats_takeover-2">Pressure has been building for Evoke in recent months after UK Budget as Bally&#8217;s floats takeover</span></h2>



<p>The bid interest arrives after months in which Evoke has openly reviewed its future. In December, the company launched a <a href="https://www.londonstockexchange.com/news-article/EVOK/strategic-review/17367475">strategic review</a> that said it would consider “a range of potential alternatives to maximise shareholder value,” including “a potential sale of the Group, or some of the Company’s assets and/or business units.”</p>



<p>It came after warnings that UK tax changes would squeeze earnings and make trading tougher across the regulated market.</p>



<p>In January, we reported <a href="https://readwrite.com/evoke-posts-strongest-quarter-but-ceo-slams-uk-budget-tax-hikes/?utm_source=chatgpt.com">Evoke posted its strongest quarter of the year</a>, with fourth-quarter revenue of £464 million ($627 million), while chief executive Per Widerström criticized the UK Budget for dealing a “significant blow to both evoke and the wider regulated industry.”</p>



<p>In December <a href="https://readwrite.com/evoke-review-possible-group-sale-breakup-budget-tax-rises/">Evoke had begun a formal review of its future direction</a> as pressure mounted from tax increases and planned store cuts across the group.</p>



<p>Retail operations have already been shrinking. In October, we found that <a href="https://readwrite.com/william-hill-plans-close-one-in-ten-uk-betting-shops-2026/?utm_source=chatgpt.com">William Hill planned to close around one in ten of its UK betting shops</a> during 2026.</p>



<p>The potential buyer itself has also been reshaped. <a href="https://readwrite.com/ballys-completes-3-billion-merger-deal-intralot/?utm_source=chatgpt.com">Bally’s completed a $3 billion merger deal with Intralot</a> in October, giving Bally’s a controlling position in the enlarged business and access to Intralot’s international lottery and digital technology assets.</p>



<p>The American corporation based in Rhode Island, entered Europe last year when it bought Aspers Casino in Newcastle. In the same year, hedge fund Standard General completed its $4.6 billion takeover of Bally’s Corporation. It appears to be increasing its digital footprint in the UK market.</p>



<p>For now, no firm offer has been agreed and talks remain conditional.</p>



<p><em>Featured image: Hermann Luyken via <a href="https://commons.wikimedia.org/wiki/File:2012.09.08.201515_Ballys_The_Strip_Las_Vegas_Nevada.jpg" id="https://commons.wikimedia.org/wiki/File:2012.09.08.201515_Ballys_The_Strip_Las_Vegas_Nevada.jpg" target="_blank" rel="noreferrer noopener">WikiCommons</a> / <a href="https://creativecommons.org/publicdomain/zero/1.0/deed.en" id="https://creativecommons.org/publicdomain/zero/1.0/deed.en" target="_blank" rel="noreferrer noopener">CC0 1.0</a> / WythenshaweMike via <a href="https://commons.wikimedia.org/wiki/File:William_Hill_bookies_on_Stockport_Road,_Longsight_-_panoramio.jpg" id="https://commons.wikimedia.org/wiki/File:William_Hill_bookies_on_Stockport_Road,_Longsight_-_panoramio.jpg" target="_blank" rel="noreferrer noopener">WikiCommons</a> / <a href="https://creativecommons.org/licenses/by/3.0/deed.en" id="https://creativecommons.org/licenses/by/3.0/deed.en" target="_blank" rel="noreferrer noopener">CC BY 3.0</a></em></p>
<p>The post <a href="https://readwrite.com/evoke-takeover-talks-ballys-intralot/">Evoke takeover talks by Bally’s Intralot confirm pressure on gambling group finances</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Gambling ads face scrutiny as Google blocks 270 million promotions in 2025</title>
		<link>https://readwrite.com/gambling-ads-google-blocks-270-million-promotions-2025/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Tue, 21 Apr 2026 09:24:59 +0000</pubDate>
				<category><![CDATA[Gambling]]></category>
		<category><![CDATA[gambling ads]]></category>
		<category><![CDATA[Google]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593400</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Google online gambling ads enforcement shown on smartphone search screen with digital ad cards representing blocked advertising policies" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Online gambling ads faced a tougher year in 2025 as Google stepped up enforcement across its network. The company says&#8230; <a class="more-link" href="https://readwrite.com/gambling-ads-google-blocks-270-million-promotions-2025/">Continue reading <span class="screen-reader-text">Gambling ads face scrutiny as Google blocks 270 million promotions in 2025</span></a></p>
<p>The post <a href="https://readwrite.com/gambling-ads-google-blocks-270-million-promotions-2025/">Gambling ads face scrutiny as Google blocks 270 million promotions in 2025</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Google online gambling ads enforcement shown on smartphone search screen with digital ad cards representing blocked advertising policies" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Gambling-ads-face-scrutiny-as-Google-blocks-270-million-promotions-in-2025.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Online gambling ads faced a tougher year in 2025 as Google stepped up enforcement across its network. The company says it blocked or removed 270.7 million gambling and gaming ads for breaking policy rules, putting the sector among the most heavily penalized categories in its latest <a href="https://services.google.com/fh/files/blogs/global_2025_adssafetyreport.pdf" target="_blank" rel="noreferrer noopener">Ads Safety Report</a>.</p>



<p>That total trailed areas such as financial services and sexual content, but it was higher than enforcement tied to alcohol and healthcare advertising. The numbers appear to show how hard it has become for platforms and regulators to police a betting market that keeps growing across borders and devices.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">In 2025, Gemini-powered tools helped us catch over 99% of policy-violating ads before they ever served. Our 2025 Ads Safety Report details how we’re continuing to evolve our defenses to stay ahead of even the most advanced schemes. <a href="https://t.co/9oqDgbpFFc">pic.twitter.com/9oqDgbpFFc</a></p>&mdash; News from Google (@NewsFromGoogle) <a href="https://twitter.com/NewsFromGoogle/status/2044796003392356738?ref_src=twsrc%5Etfw">April 16, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Google also said it restricted 123.9 million gambling and gaming ads rather than removing them outright. In practice, that can mean an ad was limited by country, age gate rules, licensing status, or other local compliance checks before users could see it.</p>



<p>Across every category, Google reported blocking or removing 8.3 billion ads in 2025. The company said more than 99% of violating ads were stopped before they were shown, reflecting its heavier use of automated detection systems and AI review tools.</p>



<h2 class="wp-block-heading"><span id="google_gambling_ads_policy_changes_widened_oversight_in_2025-2">Google gambling ads policy changes widened oversight in 2025</span></h2>



<p>The company said it took action on 9.7 million web pages for paid online gambling violations, making gambling one of the larger publisher policy issues it handled during the year. This can involve pages promoting unlicensed operators, misleading offers, or content targeting restricted audiences.</p>



<p>Google also spent the year rewriting rules for advertisers in the sector. It <a href="https://readwrite.com/google-tightens-certification-rules-gambling-and-gaming-ads/">tightened certification requirements for gambling</a> and gaming campaigns, adding stricter checks around operator licensing and who is allowed to promote betting products. Certification has become central because advertisers often need approval before campaigns can run in regulated markets.</p>



<p>Another update <a href="https://readwrite.com/google-update-policy-offline-gambling-restriction-ads-35-countries/">expanded limits on offline gambling promotion in 35 countries</a>, which affected ads connected to physical venues and in-person wagering where local laws or licensing standards required tighter controls.</p>



<p>The company separately moved to <a href="https://readwrite.com/google-limited-ads-prediction-markets-january-2026/">limit ads tied to prediction markets</a> beginning in January 2026, signaling that newer wagering-style products will receive closer scrutiny as they spread online. Prediction markets have drawn attention because they can resemble betting products while operating under different legal frameworks.</p>



<p>Google has also changed how it treats <a href="https://readwrite.com/google-sweepstakes-games-removing-social-classification/">sweepstakes-style games, removing some social gaming classifications</a> that previously gave certain advertisers more flexibility. Industry observers say that it closes loopholes where chance-based products could market themselves as casual entertainment instead of gambling-adjacent services.</p>



<p>The tech giant has been responding to pressure from regulators, including those in the Netherlands, who have called for <a href="https://readwrite.com/google-responds-to-dutch-call-for-action-against-online-gambling-ads/">stronger action against illegal online gambling ads</a>, saying it requires advertisers to comply with local licensing laws and certification standards before campaigns can run.</p>



<p><em>Featured image: Google via X / Canva</em></p>
<p>The post <a href="https://readwrite.com/gambling-ads-google-blocks-270-million-promotions-2025/">Gambling ads face scrutiny as Google blocks 270 million promotions in 2025</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Lumbee Council advances gaming amendment in North Carolina, sending measure to tribal voters soon</title>
		<link>https://readwrite.com/lumbee-council-gaming-amendment-tribal-voters/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Mon, 20 Apr 2026 11:33:35 +0000</pubDate>
				<category><![CDATA[Casino]]></category>
		<category><![CDATA[North Carolina State]]></category>
		<category><![CDATA[tribes]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=593044</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Charlotte North Carolina skyline with Bank of America Stadium and Uptown cityscape viewed over residential neighborhood on sunny day. Lumbee Council advances gaming amendment in North Carolina, sending measure to tribal voters soon" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The Lumbee Tribal Council voted Thursday night (April 16) to move a constitutional amendment forward that would allow gaming on&#8230; <a class="more-link" href="https://readwrite.com/lumbee-council-gaming-amendment-tribal-voters/">Continue reading <span class="screen-reader-text">Lumbee Council advances gaming amendment in North Carolina, sending measure to tribal voters soon</span></a></p>
<p>The post <a href="https://readwrite.com/lumbee-council-gaming-amendment-tribal-voters/">Lumbee Council advances gaming amendment in North Carolina, sending measure to tribal voters soon</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon-300x200.png" class="attachment-medium size-medium wp-post-image" alt="Charlotte North Carolina skyline with Bank of America Stadium and Uptown cityscape viewed over residential neighborhood on sunny day. Lumbee Council advances gaming amendment in North Carolina, sending measure to tribal voters soon" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Lumbee-Council-advances-gaming-amendment-in-North-Carolina-sending-measure-to-tribal-voters-soon.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The Lumbee Tribal Council voted Thursday night (April 16) to move a constitutional amendment forward that would allow <a href="https://readwrite.com/lumbee-tribe-possible-casino-plans-north-carolina/">gaming on Lumbee tribal land</a>, setting up a future vote for tribal members after hours of testimony and debate.</p>



<p>Council leaders said the proposal is meant to put the final decision in the hands of Lumbee citizens and could open a path to long-term economic growth. Critics said the language could shift too much authority to tribal leadership, reduce direct voter control and expose the tribe to outside federal influence.</p>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe title="Tribal Council Business Meeting 04-16-26" width="750" height="422" src="https://www.youtube.com/embed/jN2hkvVKGno?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<p>After a late roll-call vote, council members announced they had cleared the required two-thirds threshold. “We have met the two-thirds quorum. At this time, the amendments passed,” the speaker declared to applause.</p>



<p>The measure now goes to the Lumbee membership for a referendum. Council officials said “a yes vote is for the authorize the tribe into gaming,” while a no vote would leave the constitution unchanged.</p>



<h2 class="wp-block-heading"><span id="lumbee_gaming_supporters_and_critics_make_their_case-2">Lumbee gaming supporters and critics make their case</span></h2>



<p>Backers told the council that gaming revenue could provide dependable funding for housing, health care, education and other tribal priorities.</p>



<p>Andrew Jacobs of District 11 called gaming the strongest available option for future prosperity.</p>



<p>“No other opportunity will provide consistent unrestricted revenue to service our people,” Jacobs said. “I see no other mechanism to ensure prosperity for future generations other than implementing gaming and judiciously allocating the revenue it generates.”</p>



<p>Darren Dees, a retired veteran from District 5, said the issue reaches beyond <a href="https://www.500nations.com/casinos/nc-casino-lumbee.asp" id="https://www.500nations.com/casinos/nc-casino-lumbee.asp" target="_blank" rel="noreferrer noopener">casinos</a>.</p>



<p>“It’s not about gaming,” Dees said. “It’s about the opportunity, the sovereignty and the future of our people.”</p>



<p>He added that many tribes have used gaming “to fund education, healthcare, strengthen infrastructure and preserve the culture.”</p>



<p>Chairman John Lowery strongly backed the proposal and said tribal needs continue to grow.</p>



<p>“The people demand our services. The people demand our programs. The people demand that we do more every day,” Lowery said. “The days of a $20 million budget and the days of a $40 million budget can be behind us.”</p>



<p>He urged members to think bigger, asking, “Imagine what you can do with a $540 million budget.”</p>



<p>Lowery also said gaming proceeds could support senior centers, youth services, addiction treatment and new housing. Previous reporting has noted possible casino plans in North Carolina if the tribe secures the legal and regulatory approvals needed to proceed.</p>



<p>Opponents said they were not all against gaming itself, but objected to the structure of the amendment.</p>



<p>“As it’s written, it would give the power over appointments to gaming boards to the chairperson,” one speaker said, adding that those appointments would shape “all aspects of our gaming compact and revenue allocation plans.”</p>



<p>Frank Cooper from the Eastern Band of Cherokee Indians, warned, “This should not be approved without careful consideration of how that will allow the United States Department of Interior to approve or disapprove our Constitution.”</p>



<p>Public Schools of Robeson County representative Bosco Locklear said, “Sovereignty is not just about the council, it’s about the whole tribe.”</p>



<p>Lumbee Tribal Council member Anita Blanks asked, “How in the world are we supposed to decide whether we agree?” She added, “Can we not have meaningful input into these documents &#8230; if we can’t even see them?”</p>



<p>Before the vote, the speaker defended the process, saying, “Instead, we’d like to give the membership the opportunity to make that decision.”</p>



<p>If voters approve the measure, leaders said the tribe would begin land-into-trust work and coordinate with the <a href="https://readwrite.com/national-indian-gaming-commission-record-43-9b-revenue-2024/">National Indian Gaming Commission</a> under federal law.</p>



<p><em>Featured image: Canva</em></p>
<p>The post <a href="https://readwrite.com/lumbee-council-gaming-amendment-tribal-voters/">Lumbee Council advances gaming amendment in North Carolina, sending measure to tribal voters soon</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>DraftKings Alberta entry signals Canada gambling market legal shift ahead</title>
		<link>https://readwrite.com/draftkings-alberta-entry/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Mon, 20 Apr 2026 10:28:17 +0000</pubDate>
				<category><![CDATA[Betting]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[DraftKings]]></category>
		<category><![CDATA[sports betting]]></category>
		<guid isPermaLink="false">https://readwrite.com/?p=592686</guid>

					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead-300x200.png" class="attachment-medium size-medium wp-post-image" alt="DraftKings logo over Canadian Rocky Mountains lake landscape representing DraftKings Alberta Canada online sports betting and casino expansion" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>DraftKings is lining up for Alberta, and the timing says as much as the announcement itself. The company disclosed on&#8230; <a class="more-link" href="https://readwrite.com/draftkings-alberta-entry/">Continue reading <span class="screen-reader-text">DraftKings Alberta entry signals Canada gambling market legal shift ahead</span></a></p>
<p>The post <a href="https://readwrite.com/draftkings-alberta-entry/">DraftKings Alberta entry signals Canada gambling market legal shift ahead</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead-300x200.png" class="attachment-medium size-medium wp-post-image" alt="DraftKings logo over Canadian Rocky Mountains lake landscape representing DraftKings Alberta Canada online sports betting and casino expansion" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/DraftKings-Alberta-entry-signals-Canada-gambling-market-legal-shift-ahead.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>DraftKings is lining up for Alberta, and the timing says as much as the <a href="https://ir.aboutdraftkings.com/news/news-details/2026/DraftKings-Announces-Intent-to-Launch-Online-Sportsbook-and-Casino-in-Alberta-Canada/default.aspx" target="_blank" rel="noreferrer noopener">announcement</a> itself. The company disclosed on Thursday (April 16) that it plans to bring its sportsbook and casino products to the province, subject to licensing. Alberta is preparing to open a private online market, making it only the second province after Ontario to take that route.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Today, <a href="https://twitter.com/DraftKings?ref_src=twsrc%5Etfw">@DraftKings</a> announced its intent to launch its online sports betting and casino products in Alberta, Canada, pending licensure and regulatory approval. If granted approval, DraftKings Sportsbook and Casino intends to be available on the province’s anticipated universal… <a href="https://t.co/lvUuYX7MbO">pic.twitter.com/lvUuYX7MbO</a></p>&mdash; DraftKings News (@DraftKingsNews) <a href="https://twitter.com/DraftKingsNews/status/2044749044363239657?ref_src=twsrc%5Etfw">April 16, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>In its release, DraftKings said it “today announced its intent to launch its online sports betting and casino products in Alberta, Canada, pending licensure and regulatory approval.” The company added: “If granted approval, DraftKings Sportsbook and Casino intends to be available on the province’s anticipated universal launch date of July 13, 2026, as set by the AGLC.”</p>



<p>The planned debut arrives while Canada’s courts are still debating <a href="https://readwrite.com/canada-supreme-court-ontario-cross-border-online-gambling-loto-quebec/">whether Ontario’s competitive model fits within federal law</a>. Several provincial lottery corporations challenged Ontario’s framework, arguing private operators should not be allowed to participate under the current structure.</p>



<h2 class="wp-block-heading"><span id="draftkings_enters_alberta_amid_wider_ontario_legal_battle-2">DraftKings enters Alberta amid wider Ontario legal battle</span></h2>



<p>Ontario’s system has become the country’s biggest test case for regulated competition. It attracted large brands including DraftKings, FanDuel and BetMGM, while other provinces largely kept lottery-controlled models in place.</p>



<p>DraftKings pointed out that “Alberta would represent the second province in Canada where DraftKings operates mobile sports betting and casino products, alongside Ontario.” It added that Alberta would be the company’s “34th jurisdiction in North America” for online sports betting.</p>



<p>The legal backdrop grew more interesting after Ontario’s Court of Appeal ruled that <a href="https://readwrite.com/ontario-court-appeal-rules-online-gambling-serve-outside-canada/">online gambling can legally be operated from outside Canada</a> while still serving Ontario players, a decision seen as supportive of the province’s current framework. It did not end the dispute, however, because the matter moved on to the Supreme Court of Canada.</p>



<p>Alberta has joined that case as an intervener. For some operators, it could mean that the province is moving ahead with licensing and launch planning while also defending the concept of a competitive provincial market. As a result, there’s a chance that it could lower hesitation around staffing, payments, compliance work and customer-acquisition spending.</p>



<p>DraftKings executives also sounded confident about demand. Greg Karamitis, Executive Vice President and General Manager of Sports at DraftKings, said: “We’re excited about the opportunity to expand DraftKings’ footprint in Canada and bring our online sportsbook and casino experiences to customers in Alberta.” He added: “With the anticipated launch aligning with the World Cup — hosted right here in North America — it’s a particularly exciting moment for sports fans in the province to engage with our platform.”</p>



<p>The World Cup reference is telling. DraftKings appears to view Alberta as a market that could generate immediate activity rather than a slow-build expansion.</p>



<p><em>Featured image: DraftKings</em></p>
<p>The post <a href="https://readwrite.com/draftkings-alberta-entry/">DraftKings Alberta entry signals Canada gambling market legal shift ahead</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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		<title>Michigan approves bet365 launch as Odawa partner, replacing PokerStars</title>
		<link>https://readwrite.com/michigan-approves-bet365-launch/</link>
		
		<dc:creator><![CDATA[Suswati Basu]]></dc:creator>
		<pubDate>Mon, 20 Apr 2026 10:00:59 +0000</pubDate>
				<category><![CDATA[Betting]]></category>
		<category><![CDATA[bet365]]></category>
		<category><![CDATA[Michigan]]></category>
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					<description><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1-300x200.png" class="attachment-medium size-medium wp-post-image" alt="bet365 Michigan approval graphic with Detroit skyline, online sports betting launch and regulated casino market expansion" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Michigan has signed off on a new online betting operator, giving bet365 permission to enter the state through a partnership&#8230; <a class="more-link" href="https://readwrite.com/michigan-approves-bet365-launch/">Continue reading <span class="screen-reader-text">Michigan approves bet365 launch as Odawa partner, replacing PokerStars</span></a></p>
<p>The post <a href="https://readwrite.com/michigan-approves-bet365-launch/">Michigan approves bet365 launch as Odawa partner, replacing PokerStars</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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										<content:encoded><![CDATA[<div><img width="300" height="200" src="https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1-300x200.png" class="attachment-medium size-medium wp-post-image" alt="bet365 Michigan approval graphic with Detroit skyline, online sports betting launch and regulated casino market expansion" style="width:100%;height:66.67%;max-width:1200px;margin-bottom: 15px;" decoding="async" srcset="https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1-300x200.png 300w, https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1-900x600.png 900w, https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1-240x160.png 240w, https://readwrite.com/wp-content/uploads/2026/04/Michigan-approves-bet365-launch-as-Odawa-partner-replacing-PokerStars-1.png 1200w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>Michigan has signed off on a new online betting operator, giving bet365 permission to enter the state through a partnership with the Little Traverse Bay Bands of Odawa Indians.</p>



<p>The <a href="https://www.michigan.gov/mgcb/news/2026/04/17/mgcb-approves-launch-of-bet365-in-michigan" target="_blank" rel="noreferrer noopener">approval</a> was announced Friday (April 17) by the Michigan Gaming Control Board. It allows Hillside Michigan LLC, doing business as bet365, to become the tribe’s internet gaming and internet sports betting platform provider. The tribe runs Odawa Casino in Petoskey.</p>



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<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">Now LIVE in Michigan!! <a href="https://twitter.com/bet365?ref_src=twsrc%5Etfw">@bet365</a> <a href="https://t.co/55jYZTr9xM">pic.twitter.com/55jYZTr9xM</a></p>&mdash; Rae (@kingahmed06) <a href="https://twitter.com/kingahmed06/status/2045178773469811046?ref_src=twsrc%5Etfw">April 17, 2026</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
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<p>This fills the opening left after PokerStars recently departed the Michigan market. Players who used the previous platform now have another major international brand preparing to compete for their business.</p>



<p>State officials said bet365 completed the licensing checks and regulatory steps needed before launch. With that process finished, the company can legally offer online casino games and sports wagering for the tribe in Michigan.</p>



<p>The company arrives with an established profile in North America. bet365 already operates in nearby Ohio and in Ontario, giving it regional experience before entering one of the larger regulated U.S. online gaming states.</p>



<p>“This approval reflects our continued focus on maintaining integrity, transparency, and consumer protection in Michigan’s online gaming and sports betting marketplace,” said MGCB Executive Director Henry Williams.&nbsp;</p>



<p>“We are pleased to welcome bet365 as the Tribe’s new platform provider and look forward to seeing the Little Traverse Bay Bands of Odawa Indians continue to provide a safe, responsible, and enjoyable wagering experience for players across the state.”</p>



<h2 class="wp-block-heading"><span id="compliance_rules_stay_in_force_as_bet365_enters_michigan-2">Compliance rules stay in force as bet365 enters Michigan</span></h2>



<p>Regulators said the approval does not reduce any operating obligations for either bet365 or the tribe. Both sides must continue following Michigan law and the board’s ongoing requirements.</p>



<p>This includes limiting offerings to games and wager types the board has approved. The regulator also reported that they must work with approved suppliers, use registered vendors, and rely on authorized cashiering locations where required.</p>



<p>Officials added that internal controls, published terms and conditions, and change-control procedures must remain board approved. Taxes, payments, and licensing fees also must be submitted on time under Michigan’s Lawful Internet Gaming Act and Lawful Sports Betting Act.</p>



<p>The board said it will keep monitoring licensed operators and service providers to make sure they meet standards tied to compliance, responsible gaming, and customer protection.</p>



<p>Michigan’s online market has grown steadily since legal internet casino gaming and sports betting began, making new operator entries closely watched by competitors and players alike.</p>



<p>In recent months, <a href="https://readwrite.com/fanduel-approved-multi-state-poker-network-michigan/">FanDuel was approved for a multi-state poker network in Michigan</a>, as the board continues to <a href="https://readwrite.com/michigan-regulators-45-illegal-offshore-gambling-sites/">crack down on illegal offshore gambling sites</a>.</p>



<p><em>Featured image: bet365 / Canva</em></p>
<p>The post <a href="https://readwrite.com/michigan-approves-bet365-launch/">Michigan approves bet365 launch as Odawa partner, replacing PokerStars</a> appeared first on <a href="https://readwrite.com">ReadWrite</a>.</p>
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