By The Weekly Edge desk ·
Texas Lieutenant Governor Dan Patrick wants to restrict prediction markets offering sports wagers, Gaming Intelligence reported. He describes the provisions permitting those wagers as loopholes and wants to close them.
Dan Patrick seeks restrictions on prediction markets by closing provisions permitting sports wagers in Texas.
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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 findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
Proposed Nevada technical revisions cover multiple gaming systems, putting associated equipment requirements under review.