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gambling laws

Texas Worries About Prediction Markets And How They Mix Up Gambling And Betting

May 2, 2026

Texas is looking closely at online prediction markets that let people bet on everything from sports outcomes to election results. State leaders worry these platforms might be sneaking past gambling laws while risking public harm. Critics say the real danger isn’t just losing money – it’s the way the

crypto

New York Takes Legal Action Against Coinbase and Gemini Over Prediction Markets

April 22, 2026

New York has filed lawsuits against two major crypto platforms, Coinbase and Gemini, arguing that their prediction markets—where users bet on sports, entertainment, and elections—are actually illegal gambling under state law. The state claims these markets operate like unlicensed bookmakers, with ad

finance

Prediction Markets Face Legal Pushback Across States

March 21, 2026

Nevada has hit a prediction market platform with a two-week ban, stopping people from trading on sports, elections, and entertainment outcomes without proper licenses. Courts will soon decide if this pause turns permanent while legal fights rage on. The company involved calls these contracts financi