Kalshi eyes casino-style expansion, signaling regulatory flashpoint
Prediction market platform Kalshi is reportedly exploring a pivot into iGaming, potentially offering casino-like products such as slots or tables. Casino.org
Analysts caution the move may trigger sharp backlash from regulators and courts, as Kalshi currently operates under a derivatives/commodity paradigm, not a gambling license. Casino.org
With the regulatory environment growing hostile to unlicensed gaming, some experts see this as a bold test of where the line between financial instruments and gambling truly lies. Casino.org
đź’Ą TRI-STATE HEAT
New York — No verified updates in the last 48 hours.
New Jersey — No verified updates in the last 48 hours.
Pennsylvania — Regulator flags prediction markets threat
PGCB head Kevin O’Toole warned that sports prediction markets operating under commodity exchanges could “undermine” Pennsylvania’s regulated sportsbook ecosystem by operating beyond state rules. Yogonet
🌍 GLOBAL GAMBLING BUZZ
UK — William Hill could shutter 200 betting shops amid upcoming tax hikes
Evoke, which owns William Hill and 888, is considering closing up to 200 of its 1,300 UK shops due to looming gambling tax increases in the next budget. The Guardian
Regulators & Casinos Push Back on Gray-Zone Event Contracts
A recent poll by the AGA showed 85% of people believe sports event contracts (prediction markets) are gambling — prompting a coalition of regulators and casinos to jointly oppose the gray zone. Las Vegas Sun
🔮 HOROSCOPE HUSTLE (just for fun — entertainment only)
Aries — Pick 3: 5-1-8 | Pick 4: 2-7-3-9
Taurus — 0-6-4 | 9-0-1-5
Gemini — 3-8-2 | 7-4-6-1
Cancer — 1-9-0 | 5-3-8-4
Leo — 4-7-6 | 0-5-2-8
Virgo — 2-0-9 | 6-1-7-3
Libra — 7-3-5 | 8-2-0-6
Scorpio — 9-4-1 | 3-6-8-7
Sagittarius — 6-5-7 | 1-9-4-0
Capricorn — 8-2-3 | 4-7-9-5
Aquarius — 1-7-4 | 0-8-3-2
Pisces — 0-8-6 | 2-5-1-9
Sources:
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Kalshi iGaming pivot: Casino.org Casino.org
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PGCB warning: Yogonet
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William Hill closures: The Guardian
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AGA poll on event contracts: Las Vegas Sun
