Prediction market platform Kalshi has secured a preliminary injunction against the New Jersey Division of Gaming Enforcement (the Division), preventing the state from enforcing a cease-and-desist order that aimed to halt...more
5/5/2025
/ Cease and Desist Orders ,
CFTC ,
Commodity Exchange Act (CEA) ,
Derivatives ,
Enforcement Actions ,
Financial Instruments ,
Financial Services Industry ,
FinTech ,
Gambling ,
Injunctions ,
Judicial Authority ,
Market Participants ,
Preemption ,
Regulatory Agencies ,
State and Local Government
The emergence of event-based trading platforms such as KalshiEX LLC and Crypto.com/Nadex has sparked a heated regulatory and policy debate over the boundaries of financial derivatives, speculation and gambling. Both platforms...more
The Florida Gaming Control Commission (FGCC) has taken a significant step by issuing cease-and-desist letters to three online fantasy sports operators. Though this marks the FGCC's first action against the online fantasy...more
9/27/2023
/ Cease and Desist ,
Compliance ,
Fantasy Sports ,
Gambling ,
Gaming ,
Gaming Commissions ,
Lottery ,
Online Gaming ,
Regulatory Violations ,
Sports Betting ,
State Attorneys General ,
Statutory Violations