House Administration Committee Chairman Bryan Steil has introduced legislation that would prohibit members of Congress and their immediate families from participating in prediction market trades tied to political events, government actions and public policy matters.
The proposal, known as the …
The post New House Bill Seeks Limits on Prediction Market Use first appeared on RealMoneyAction.com.
Dutch online gambling trade association VNLOK has announced legal action against Meta and plans to file a complaint with the European Commission, alleging the company has failed to adequately address the spread of illegal gambling advertisements on Facebook and Instagram.…
The post VNLOK Escalates Fight Against Illegal Gambling Ads first appeared on RealMoneyAction.com.
The Mohawk Council of Kahnawà has chosen not to participate in a Supreme Court of Canada appeal concerning Ontario’s ability to share player liquidity for peer-to-peer online gaming with jurisdictions outside the province.
The dispute originated from an Ontario Court …
The post Kahnawà Exits Supreme Court Liquidity Case first appeared on RealMoneyAction.com.
Kentucky Attorney General Russell Coleman has launched a series of lawsuits against prediction market operators Kalshi and Polymarket, as well as sweepstakes casino company VGW, alleging that the businesses are offering unlicensed gambling products within the state.
The three …
The post Kentucky Targets Prediction Markets and Sweepstakes first appeared on RealMoneyAction.com.
The 2026 FIFA World Cup has brought a surge in sports betting activity across France, placing renewed attention on gambling advertising and player protection. As operators increase marketing efforts during the tournament, lawmakers are preparing to examine legislation …
The post France Eyes Tougher Controls on Betting Ads first appeared on RealMoneyAction.com.
The start of the 2026 FIFA World Cup has prompted a coordinated response from nine European gambling regulators, who have announced closer cooperation to address the growth of unlicensed prediction market platforms.
Authorities from Belgium, France, Germany, Italy, …
The post European Watchdogs Unite Over Prediction Markets first appeared on RealMoneyAction.com.
Pennsylvania’s regulated gaming industry achieved its strongest month on record in May, with revenue from casinos, online gaming, sports betting, video gaming terminals and fantasy contests reaching a new all-time high.
Figures released by the Pennsylvania Gaming Control Board (PGCB) …
The post Pennsylvania Sets New Gaming Revenue Record in May first appeared on RealMoneyAction.com.
Several leading gambling industry organizations have renewed efforts to prevent prediction market platforms from offering sports-related event contracts, arguing that the products function as sports betting while operating outside established state and tribal regulatory systems.
A coalition that includes the …
The post Gaming Groups Press Congress on Event Contracts first appeared on RealMoneyAction.com.
New Jersey lawmakers have introduced legislation that would establish a state regulatory framework for prediction markets, impose new taxes on sports event contracts and restrict several categories of event-based trading.
Senate Bill 4447, introduced by Sens. Nicholas Scutari and …
The post New Jersey Moves to Regulate Prediction Markets first appeared on RealMoneyAction.com.
Pennsylvania’s highest court has determined that skill game machines fall under the state’s gambling laws, overturning earlier court decisions and placing renewed pressure on lawmakers to decide the industry’s future within the next four months.
The ruling addresses a long-running …
The post Pennsylvania Court Declares Skill Games Illegal first appeared on RealMoneyAction.com.