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A federal judge in Nevada recently overturned a key victory for prediction market operator Kalshi, lifting a previous injunction that prevented state regulators from treating its sports event contracts as illegal gambling. This ruling deepens the division among courts across the United States regard

Pennsylvania Gaming Control Board (PGCB) Executive Director Kevin O'Toole recently issued a formal warning to the state's congressional delegation, stating that the sports betting prediction market poses a "significant threat" to the state's gaming regulatory system. In a letter dated October 3, O'T
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