Why Nevada gaming regulators are on the warpath against sports prediction platform Kalshi

Summary The Nevada Gaming Control Board is taking a hard stance against Kalshi, an online prediction market that offers sports contracts where customers bet on the outcomes of games. This has triggered legal disputes, as Kalshi argues it functions under federal rather than state regulations. Meanwhile, the state’s traditional sportsbooks are concerned that Kalshi’s model […]

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Bell Ventures Digital apresenta documentação à SPA e regulariza situação da BandBet

Summary Bell Ventures Digital, the owner of the BandBet brand, has submitted the security assessment report to the Secretariat of Prizes and Betting of the Ministry of Finance (SPA-MF). This move addresses requirements to maintain operations in the regulated Brazilian market. All previously suspended companies, including BandBet, have now resumed normal operations after providing the […]

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Maryland Federal Court Challenges Kalshi’s Inconsistent Sports Events Contract Claims

The Maryland federal court is scrutinising Kalshi’s contradictory stance regarding the federal jurisdiction of its sports betting contracts. This challenge emerges amidst Kalshi’s ongoing legal battles with the Maryland Lottery and Gaming Control Commission (MLGCC), questioning the classification of its event contracts and their regulatory oversight. Key Points Kalshi is facing scrutiny over its inconsistent […]

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Can Digital Wallets, Stablecoins Solve Small Banks’ Cross-Border Cost Center?

Small banks have been struggling with the costs and complexities of cross-border payments due to outdated systems and high intermediary fees. However, FinTech advances like digital wallets and stablecoins are offering potential solutions that could revolutionise these traditional practices. The article explores how these innovations could help smaller institutions streamline international transactions and improve their […]

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