By The Weekly Edge desk ·
New York City Council is investigating how prediction-market platforms advertise across the city, Casino.org News reported. The inquiry comes amid lawsuits disputing whether the platforms offer sports gambling without appropriate regulation.
The inquiry brings prediction-market advertising practices under city-level scrutiny.
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Same companies, regulators or market.
Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.