by I. Nelson Rose | Mar 4, 2026 | Articles, Blogs
The Capitol Forum recently published an article examining the difficulties Sporttrade has faced trying to operate an exchange-style sports prediction platform under existing state gambling laws. Sporttrade was created to allow users to buy and sell contracts on the...
by I. Nelson Rose | Feb 20, 2026 | Blogs
On February 19, 2026, Kalshi removed to federal court the lawsuit filed against it in state court by the state of Nevada. This prevents the state judge from issuing a temporary restraining order (“TRO”), which would have prohibited Kalshi from taking bets/trades from...
by I. Nelson Rose | Feb 17, 2026 | Blogs
Today, February 17, 2026, saw the following: 1) The US Ninth Circuit Court of Appeals denied Kalshi’s attempt to prevent the state of Nevada from suing the sports event prediction market operator. 2) The Nevada Gaming Control Board and the state attorney...
by I. Nelson Rose | Feb 2, 2026 | Blogs
The biggest news in sports betting circles, or, if you believe the prediction markets operators, “commodities trading,” is Kalshi getting kicked out of Massachusetts. State Superior Court Justice Christopher K. Barry-Smith issued a preliminary injunction on January...
by I. Nelson Rose | Nov 25, 2025 | Blogs
Prediction markets are growing rapidly, especially as platforms begin offering contracts tied to sporting events. MarketWatch published a new article examining this expansion and the regulatory questions it raises, and I was pleased to contribute to the discussion....
by I. Nelson Rose | Aug 8, 2025 | Blogs
As part of Donald Trump’s Big Beautiful Bill, Republicans in the U.S. Senate snuck in a change in the federal income tax laws to get a couple of billion dollars from professional and other high-stakes gamblers over the next ten years. A billion dollars sound like a...
