Nevada and California Intensify Legal Action Against Kalshi
Nevada regulators are seeking daily penalties against Kalshi for alleged non-compliance with a court order. California has joined a 37-state amicus brief in a related federal appeals case.
Nevada regulators are seeking daily penalties against Kalshi for alleged non-compliance with a court order. California has joined a 37-state amicus brief in a related federal appeals case.
The CFTC has filed a lawsuit against New Mexico to block the state’s gambling claims against Kalshi. The regulator cites exclusive federal authority over prediction markets.
The head of the Mpumalanga Economic Regulator says the fight against illegal gambling will define the future of regulation. He highlights consumer protection and cross sector enforcement as key priorities.
Industry body EGP-FIPE told Italy’s Senate that regulatory fragmentation and concession extensions are stalling the legal gambling market. The group warned this may expand unregulated activity.
Danish gambling spend rose to DKK 680m in April, driven by 18.4% growth in online gambling. Betting revenue declined 22.5% year on year.
The Netherlands gambling regulator has fined 711 Group €886,000 for breaching duty of care obligations between 2022 and 2024. The decision follows an investigation into high loss player cases.
Norway’s Progress Party has restated its intention to replace the country’s gambling monopoly with a licensed online model. The issue has returned to the political agenda following recent parliamentary elections.
Around 50 gambling operators have applied for licences in Finland ahead of the 2027 market liberalisation. Most applicants are foreign companies undergoing detailed regulatory review.
Switzerland’s regulated lottery and sports betting turnover declined to CHF3.87 billion in 2025, with gross player yield down 3.7%. Online accounted for 24% of total revenue.
Wire Industries has received approval in principle in Gibraltar for its Wire Markets subsidiary. A prediction markets launch is planned for the 2026 NFL and major football seasons.