Prediction Markets
May 6, 2026
Federal Judge Halts Arizona Case Against Kalshi
Prediction platform Kalshi has won a notable legal victory in Arizona, blocking state officials from pursuing criminal charges against the company. US District Judge Michael Liburdi issued a ruling that prevents Attorney General Kris Mayes from prosecuting the New York-based firm under Arizona’s gambling laws. The decision reinforces Kalshi’s arguments that it only answers to […]
Industry
May 6, 2026
Muscogee Creek Nation Revives Legal Fight over Sacred Site
The Muscogee Creek Nation has resumed its legal battle over one of its most sacred sites as they seek to hold another tribe and its partners responsible for what they describe as desecration of ancestral land. Courts must again weigh the competing claims of two nations tied to the same piece of ground. The Two […]
Prediction Markets
May 6, 2026
Bipartisan Coalition of 41 Attorneys General Urge Prediction Markets Clarity
A bipartisan coalition created by 41 state attorneys general is pushing for a clear line over who controls sports-related prediction markets, arguing that states should retain full authority to regulate them. States Should Keep Doing What They’re Doing Iowa Attorney General Brenna Bird made the announcement at the start of the week, arguing that US […]
Legal
May 6, 2026
Herndon Moves to Block Downtown Casino as Legal Battle Looms
A plan to build a casino in downtown Herndon, Virginia, has been brought to a standstill after the Planning Commission moved forward with a resolution aimed at prohibiting future casino development, potentially triggering a legal dispute with the developer. Herndon Officials Block Casino Development According to FOX 5, the casino was proposed for a site […]
Prediction Markets
May 6, 2026
Kalshi Ups the Ante on Player Protections as Senators Eye New Bill
Kalshi announced that it is voluntarily implementing several measures outlined in a new player protections and marketing integrity bill. This comes amid continued criticism of the prediction markets sector. Kalshi Implements New Measures Based on Bipartisan Bill Kalshi said that its new measures come in response to a bipartisan bill introduced by Senators Gillibrand and […]
Lottery
May 6, 2026
Mega Millions Jackpot Exceeds the $200M Mark Ahead of Friday Drawing
The Tuesday Mega Millions drawing has crowned no winner of the game’s top prize. However, a lucky ticket holder in Indiana managed to scoop up a $2 million prize from the drawing. Indiana Player Gets $2M from Mega Millions Yesterday’s Mega Millions drawing did not award the jackpot, allowing it to reach new heights. At […]
Business
May 6, 2026
RSI Shares Drop After Insider Stock Sale Plan Sparks Investor Reaction
At the end of April, Rush Street Interactive (RSI) raised its revenue guidance for FY 2026, expecting it to go up anywhere between 31-36% YoY to roughly $1.49-$1.54 billion. With strong double-digit increases in revenue and EBITDA, the gambling company set new records, once again signaling its strength and potential for investors. On Tuesday, May […]
Casino
May 6, 2026
Bessent Advises against Lottery Play, Encourages Long-Term Investing
US Treasury Secretary Scott Bessent is urging Americans, particularly younger workers, to reconsider their attitudes about money, cautioning that chasing short-term financial gains often leads to long-term setbacks rather than stability. Bessent Warns Against Lottery Habit As Financial Literacy Month comes to a close, Bessent stressed how habits like buying lottery tickets, taking out short-term […]
Casino
May 6, 2026
Washington D.C. May Legalize Online Casinos
Lawmakers in Washington, DC, are seriously considering whether to allow real-money online casino gaming, a marked change of tone from neighboring states that recently put the brakes on similar efforts. DC Lawmakers Debate Framework for Online Casino Legalization The city council this week hosted a public hearing where policymakers, industry representatives, and advocacy groups gathered […]
Prediction Markets
May 5, 2026
SEC Delays Approval of Prediction-Market ETFs
The US Securities and Exchange Commission (SEC) is investigating a new wave of financial products tied to real-world events. More than two dozen proposed Exchange-Traded Funds (ETFs), linked to outcomes ranging from election results to recession forecasts, were expected to move forward this week. Instead, the SEC has paused the launch, requiring additional details to […]
