All articles tagged with #gaming regulation
Massachusetts won a preliminary injunction forcing Kalshi to stop offering sports event markets until it secures a sports wagering license, with the order taking effect Friday and Kalshi’s option to appeal. The ruling reinforces regulators’ view that Kalshi’s sports contracts resemble gambling and must be licensed, a stance reflected in ongoing suits against Kalshi in several states, including Nevada, New Jersey, Maryland, and California.
DraftKings is acquiring Railbird, a predictions platform, to expand into prediction markets beyond sports betting, with plans to launch a mobile app called DraftKings Predictions, while navigating complex gaming regulations across states.
China appears to have reversed its strict gaming regulations, proposed by the National Press and Publication Administration (NPPA), which aimed to limit in-game purchases and playing time. The sudden disappearance of the draft rules from the NPPA website led to a surge in share prices for Chinese gaming companies like Tencent Holdings and NetEase. However, uncertainty still looms over the gaming sector as analysts remain unsure about the government's next steps, prompting Chinese developers to shift their focus towards overseas games.
The Nevada Gaming Control Board has identified dozens of outdated subsections and amendments in the state's 37 different gaming regulations, which are no longer applicable in overseeing the state's largest industry. The board has scheduled a public workshop to discuss removing these outdated subsections, which are within nine of the state's gaming regulations. The board's effort to comply with a directive issued by Gov. Joe Lombardo in January, which tasked all state agencies to review existing regulations and recommend at least 10 for removal by May 1.