A federal judge has denied an emergency restraining order filed by the NCAA, which would have prohibited the Boston-based bookmaker, DraftKings, from continuing to use its registered trademarks associated with the NCAA men’s and women’s basketball tournaments. NCAA Says, “Stop the Madness” The NCAA vehemently objected to DraftKings using its trademarked terms, including “March Madness,”
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The First Judicial District Court of Nevada delivered a jarring ruling to prediction market titan Kalshi, which will halt the company’s ability to offer entertainment, political, and, most importantly, sports event contracts in the Silver State for at least two weeks. Not in Nevada Kalshi has been battling with state gaming regulators across the nation,
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Prediction markets are taking legal fire from many different organizations, most notably state gaming commissions. Count the NCAA as one more after its president, Charlie Baker, wrote a letter to newly installed Commodity Futures Trading Commission (CFTC) Chairman Michael Selig, asking him to ban prediction markets from offering collegiate sports event contracts until safeguards are
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The Paradise Town Advisory Board granted critical Phase 1 approval to Bally’s new resort and casino project in Las Vegas. The next step will be another important milestone on April 8th when the Clark County Commission meets to decide whether to grant its approval. Step by Step Bally’s megaproject in Las Vegas has yet to
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