FDIC Scrutinizes Polymarket Bank-Failure Market Tied to 19 Banks
FDIC officials and Capitol Hill lawmakers are examining Polymarket contracts wagering on whether JPMorgan, Wells Fargo, or Bank of America…
Articles by Naomi Castellan
Sixth Circuit Rules Against Kalshi in Ohio and Tennessee Sports Contract Cases
The 6th Circuit ruled against Kalshi in disputes with Ohio and Tennessee regulators, siding with the 9th Circuit against a…
Sixth Circuit Says Kalshi Sports Contracts Are Not Swaps, Letting Ohio and Tennessee Enforce Gambling Laws
The Sixth Circuit ruled Kalshi failed to show its sports-event contracts are federally regulated swaps, letting Ohio and Tennessee enforce…
Sixth Circuit Says Ohio and Tennessee Can Enforce Gambling Laws Against Kalshi Sports Contracts
A Sixth Circuit panel ruled Kalshi's sports-event contracts are not federally regulated swaps, handing Ohio and Tennessee the win and…
New York Sues Polymarket US, Seeks Fines Equal to Three Times Alleged Gains
New York Attorney General Letitia James sued Polymarket US on September 24, alleging illegal gambling and seeking triple its gains;…
Sixth Circuit Lets Ohio and Tennessee Enforce Gambling Laws Against Kalshi Sports Contracts
The Sixth Circuit ruled Sept. 26 that Ohio and Tennessee can regulate Kalshi under state gambling law, a third straight…
Sixth Circuit Lets Ohio and Tennessee Enforce Gambling Laws Against Kalshi Sports Contracts
The Sixth Circuit ruled Kalshi's sports event contracts aren't CFTC-exclusive swaps, letting Ohio and Tennessee enforce gambling law, deepening a…
New York Sues Polymarket US Over Unlicensed Gambling Claims, Seeking Triple Gains and $100,000 Per Offer
New York AG Letitia James sued Polymarket US on September 24, alleging unlicensed gambling; Polymarket removed the case to federal…
Sixth Circuit Lets Ohio and Tennessee Enforce Gambling Laws Against Kalshi
The Sixth Circuit ruled Kalshi hasn't shown its sports contracts are federally exclusive swaps, siding with Ohio and Tennessee days…
New York Targets Polymarket in State Court as Sixth Circuit Rejects Kalshi’s Sports-Contract Defense
New York Attorney General Letitia James sued Polymarket in Manhattan federal court on September 24, alleging unlicensed gambling, a day…