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The CFTC has proposed defining sports, politics, cultural-event and weather contracts as swaps under federal commodities law, while separately saying sportsbook wagers and casino games are not swaps.
FTC officials are reportedly starting a review of the online sports betting industry, with FanDuel and DraftKings expected to be among the sportsbooks in focus.
The New York State Gaming Commission advanced two proposed gambling rules: one would restrict AI-tailored betting promotions, and another would require operators to intervene when customer behavior signals possible gambling harm.
New York’s move against Polymarket has opened a broader debate over whether sports-related prediction markets are operating outside the state’s sportsbook tax system — and what that could mean for tax revenue and oversight.
Kalshi sharply increased its New York lobbying spend as prediction market companies and allies put at least $3 million into lobbying and political contributions during a growing fight over whether states can regulate the platforms as gambling.
Niagara Falls may have to build its next budget without certainty on Seneca casino revenue as New York and the Seneca Nation continue negotiating a replacement compact.
