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Missouri AG Hanaway Orders Prediction Markets to Halt Sports Wagering

Missouri AG Catherine Hanaway has issued cease-and-desist letters to multiple prediction market operators, including Polymarket, Kalshi, com, Novig, Underdog, and Robinhood, over allegations that the operators are facilitating sports event contracts, which constitutes unlicensed sports wagering under Missouri law. In 2024, Missouri residents approved Amendment 2 to legalize and regulate sports betting, with the Missouri…

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NY AG James Reaches $8 Million Settlement with Online Sweepstakes Casino Operator

New York AG Leticia James announced an $8 million settlement with VGW Holdings Pty. Ltd. and its affiliates (VGW) concerning the operation of online “sweepstakes casinos” in the state. VGW operates online casinos, including Chumba Casino, Global Poker, and Luckyland Slots, which allow users to play traditional casino games using virtual coins that could be…

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States Keep Betting Against Kalshi: Connecticut Sues Kalshi for Unlicensed Sports Betting

Connecticut AG William Tong, Governor Ned Lamont, and Department of Consumer Protection Commissioner Bryan T. Cafferelli filed suit against Kalshi, alleging the company offered sports wagers in Connecticut without the required state license. The state is seeking a court injunction to prohibit Kalshi from continuing to offer online betting access. The lawsuit follows a December…

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“All Bets Are Off” as Washington Judge Orders Kalshi to Halt Operations

A judge has issued a final order requiring KalshiEX (Kalshi) to suspend many of its Washington operations after concluding that Kalshi likely violated the Washington Gambling Act and the Consumer Protection Act. The order requires Kalshi to stop offering, accepting, or facilitating wagers on sports, elections, politics, entertainment, tech, and science, or mentions in Washington…

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