Ninth Circuit Rules Kalshi Sports Contracts Are Gambling
The Ninth Circuit ruled Kalshi's sports event contracts are gambling, not federally protected swaps. The 3-0 decision conflicts with the Third Circuit, setting up a likely Supreme Court showdown over prediction markets.
Malaysia Denies New Gambling Permits Since 1990s, Court Backs Federal Control
Malaysia's finance ministry denies issuing new gambling licences since the 1990s, as the Federal Court rules Kedah cannot ban existing pool betting and lottery operations.
NSW Gambling Reform: AU$95M Package Targets 87,749 Pokies
NSW announced a AU$95.2M gambling reform package with mandatory facial recognition, a statewide exclusion register, and a one-in-two poker machine forfeiture rate.
Dutch Gambling Age 18 Birthday Accounts KSA Study
KSA data shows 11% of Dutch 18-year-olds open gambling accounts on their birthday. A politician wants the age raised to 24, but the regulator warns this would push young adults to illegal sites.
QuinnBet UKGC Fine £609K AML Safer Gambling Failures
QuinnBet pays £609,104 to the UK Gambling Commission for AML and social responsibility failures including missed suspicious activity, delayed SARs, and a customer who placed 7,000 bets in a day without triggering alerts.
