News

AGA Opposes CFTC Push to Block New York Enforcement Against Sports Prediction Markets

A federal court in New York is set to hear whether the CFTC can temporarily block state enforcement against sports-event prediction contracts, after the American Gaming Association argued those markets function as sports betting.

Former Amazon CFO Warren Jenson Joins Polymarket as Prediction Market Scales US Exchange

Polymarket has hired former Amazon finance chief Warren Jenson as its first CFO, adding a veteran executive as the prediction market expands its US exchange and faces continued legal questions over sports event trading.

VGW to pay New York $8 million after illegal gambling enforcement action

New York Attorney General Letitia James said VGW Holdings will pay $8 million to the state following an enforcement action tied to illegal gambling operations.

VGW Agrees to $8 Million New York Settlement After Sweepstakes Probe

New York Attorney General Letitia James secured an $8 million settlement from VGW, resolving a state investigation into the operator’s sweepstakes casino model.