Operators in Massachusetts are prohibited from providing prediction markets in the state, according to the regulators in the state, according to the regulator.
Operators received a letter from the Massachusetts Gaming Commission (MGC) on Thursday morning cautioning them against providing prediction markets within the state. The MGC did not discuss how it will deal with state-licensed operators that offer or collaborate with prediction markets in other U.S. jurisdictions, in contrast to other authorities. The letter states, “Please accept […]
Massachusetts Initiates Legal Battle Against Kalshi, Robinhood
The states that have objected to sports prediction contracts offered by Kalshi and one of its partners, Robinhood, now include Massachusetts. Even though Kalshi’s offering of contracts for sporting events has been the subject of numerous lawsuits in different states, no forum may be more contentious than Massachusetts, where the state’s attorney general has taken […]
