Kalshi and Robinhood’s sports forecast markets are under fire – and the result may be the basis for the future of the US sports bet.
Two of the longest gambling markets in the United States, the regulators in Nevada and New Jersey, the Futures Trade Platform, which took place on sports events, sent firing orders. The New Jersey Branch of the game sent the latest stop stopped the last Thursday. The Fintech Platform, which uses Kalshi’s platform to offer sports contracts, is also a ceasefire and reverse letter of New Jersey and Massachusetts Explores the company’s sports agreements.
“We have targeted before, we have bought before and earned before,” said CEO Tarek Mansour, in a statement in business. “It will not be different this time.”
A representative of an artist said that the company did not think that the company does not think that these contracts are not left out of state legislation. ” Robinlik took the March Madness Agreements from New Jersey.
Prediction markets have earned popularity Since 2024, US presidential elections and KALSHI, including companies Crypto.com They entered sports events. Sports forecasts are similar to bets for users to put money to the result of a game, but these contracts can be sold and can usually be able to win or lose only one team (player statistics or more).
KALSHI, according to the website, was traded in more than $ 320 million as a result of the Men’s Madness championship. March Madness is one of the largest sports betting events of the year.
Although sports gambling is limited to 39 US jurisdictions in legitimated and adjustable US jurisdiction, 50 states are offered by the reservoir. Sports forecasts are a great threat and the opportunity – for betting operators, some are closely monitoring the forecasts and watching the forecasts and watching Kalshi’s regulatory war play.
“It then includes a traditional body of the traditional body (commodity futures trade commission), which includes a commodity-like proposals for the traditional body and sports betting, and a subsidiary of the gambling industry.
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All eyes are over Kalshi
Kalshi sued the regulators in Nevada and New Jersey in response to ceasefire and teachers. The company, partly Kalshi, the only authority to confirm or reject the issuance of the March 28 Court, the “Fedially Adjustable Exchange” by the Commodity Futures Commission “Federally Adjustable Exchange”.
This is the differences in the bets of his sports contracts, including “home”, including the opposite of this point, in the opposite of this point, the laws of sports betting are covered by the bets that look at their peers.)
As a result, Kalshi, Nevada and New Jersey’s closure claims, and the events could violate the CFTC rules for the open, fair and accessible contracts.
If the courts and CFTC decided to be legal in Kalshi’s sports contracts, the “sports betting industry triggers a significant reaction”. Kilsby.
“FanDuel and the compilation is almost impossible to imagine a scenario that it does not want to move to this market.” “I think that under the CFTC rules, you will see more companies that placing themselves to launch sports exchange platforms.”
This will most likely last a few months, and other obstacles will be able to look at the BI, which other obstacles can appear in the Bi, which may be unlikely.
The “sports wagering industry is looking very carefully and try to decide,” said Andrew Kim, appeal in Goodwin and a lithugu. “They have a balance action to avoid the opportunity to avoid the opportunity to jump to innovative gray areas, which do not insult regulators, and starting the regulators, and all other sports.”
Many soils can be tribal groups, which are the authority to hold the game in many soils and exclusivity in many soils.
Game industry consultant Dustin Gouker who violates the news about the new form Closed Line Bulletinsaid the letters could be something “next to happen”.
Sports forecasts threaten revenues for states like Nevada and New Jersey. New Jersey that causes the expansion of legal sports bet in the United States To attract federal banIn January, the sport brought more than $ 1 million in revenues, so the largest US market did American Game Association.
The issue is also under the control of states on the borders of the states, and what they do and what those do not allow them to do. The issue may end in the Supreme Court depending on where lower courts and CFTC lands.
And this struggle is in the main point of the industry in connection with the rights of the struggle to adjust the sport: March madness.
In the ceasefire letters, the New Jersey’s Execution Department pointed out the restrictions on the bet on the state college sports. The state prohibits betting on college games that are in the state or attracts local teams such as Rutger.
“Other states said that what happened here and successful and how they responded and how he answers the Lord,” he said.
