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gambling

New York sues Polymarket, alleging it is running an illegal gambling operation

New York sues Polymarket, alleging it is running an illegal gambling operation

4 days ago by Crypto InsightsCrypto

The case adds to a growing fight between prediction markets and state gambling regulators over who has the authority to oversee the products. Prediction market companies argue that their event contracts are financial products overseen at the federal level by the Commodity Futures Trading Commission… Read More

Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says

5 months ago by Crypto InsightsCrypto

MIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two panelists said Thursday. Appearing at Consensus Miami 2026, Jacob Fortinsky, co-founder and CEO of sports betting platform Novig, said the legacy sportsbook model is… Read More

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