New York lawsuit against Kalshi draws backlash over potential tax revenue
New York’s lawsuit against Kalshi is quickly becoming a test case in the wider fight over whether prediction markets are regulated financial products or unlicensed gambling.
Tyler Andrews
Posts by Tyler Andrews
Prediction markets pose bigger risks than lost revenue for tribal gaming, Kevin Washburn says
A leading Indian gaming legal voice says prediction markets may create broader risks for tribal casinos than revenue loss alone, including sovereignty disputes and damage to public confidence in regulated gambling.
Flutter earnings preview puts FanDuel growth and prediction-market spending in focus
Flutter Entertainment reports second-quarter results Wednesday, with attention on whether FanDuel’s U.S. sports betting business can balance higher prediction-market investment and international headwinds.
Win-River Resort & Casino, Rolling Hills line up two weeks of Northern California entertainment
Win-River Resort & Casino and Rolling Hills Casino & Resort are highlighting a two-week entertainment calendar in Northern California, with music, comedy, and family-friendly events on tap.
Kalshi Co-Founder Profile Highlights Fast Growth and Mounting State Legal Pressure
A profile of Kalshi co-founder Luana Lopes Lara also underscores the prediction market operator’s escalating legal battles with state regulators as its valuation has surged.
California sports betting debate spotlights risks of offshore gambling sites
A new gambling-policy commentary argues that many Americans do not know whether they are betting with a licensed sportsbook or an offshore operator, a distinction with implications for California as lawmakers continue debating legalization.
