By The Weekly Edge desk ·
Crypto.com’s OG sued Washington state over threatened enforcement concerning allegedly illegal betting, Focus Gaming News reported. Another prediction-market operator registered with the CFTC had already sued Washington.
The lawsuit challenges Washington’s proposed application of gambling enforcement to OG.
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Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.
Connecticut’s orders require nine platforms to halt sports event contracts and other alleged unlicensed online gambling while permitting withdrawals.
The partnership assigns OG.com infrastructure and clearing responsibilities for Robinhood’s retail event contracts through its CFTC-regulated exchange and clearinghouse.
Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The Ninth Circuit upheld Nevada’s enforcement against Kalshi, rejecting federal financial regulation as protection from state gambling laws.