The CFTC and New Mexico are clashing over who gets to police prediction markets. The outcome of the case could shape how prediction markets operate across the United States. New Mexico argues that Kalshi-style event contracts raise gaming-law and consumer-protection concerns. The CFTC is pushing back with a federal oversight argument.
World Liberty Financial’s USD1 stablecoin has been used in a high-profile UFC bonus payout. The story is more of a visibility and adoption test than proof of mainstream sports payroll moving on-chain. The real test is whether those experiments become repeatable.
New Mexico is the eighth state to be sued by the CFTC over prediction markets. The state sued Kalshi for allegedly offering illegal sports betting. Gary Gensler doubts the regulators' claim of authority over sports event contracts. He wrote an amicus brief to the Sixth Circuit on Thursday.
Bitbank warned users that transactions linked to prediction market platforms such as Polymarket could result in account suspensions due to potential conflicts with the country's gambling laws. Polymarket currently lists Japan among 35 restricted jurisdictions in its access policy. The company signaled in May that it was exploring expansion in Japan.
President Donald Trump was booed during his visit to Madison Square Garden for the New York Knicks vs. San Antonio Spurs game. Trump has a fundamental misunderstanding of the relationship between sports and its fans. Trump's experience with sports is through wealthy people who own teams. Trump is a racist whose public persona has been wrapped in bigotry.
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John Cairney and Rick Burton write a guest column for the Journal of Management Scientific Reports. They discuss the relationship between elite player achievement and subsequent coaching performance in the NBA. Professional sport is increasingly embracing former athletes as executives, owners, board members, media entrepreneurs and investors.
The Knicks won the NBA championship. The team's fans deserve to be happy about it, especially the long-suffering fans who have waited a long time for this moment. The quality of the basketball was atrocious. Live sports are too expensive for regular people now.
The Big 12 has filed a lawsuit against Texas Tech and Texas Attorney General Ken Paxton in the Northern District of Texas. The lawsuit is not seeking financial damages, nor is it seeking to overturn the judge’s decision approving Brendan Sorsby's eligibility to play this season. Instead, the lawsuit asks that a court allow the league to sanction Texas Tech for putting Sorsy in the starting line-up.
Last night's KNICKS NBA Finals win means that this clip is now officially a Top 3 NYC Clutch Sports Highlight of all time. The DGA board approved the new AMPTP deal, which now goes to members for a vote (votes due June 25). The deal includes provisions to limit episodic TV directing that actors and “affiliated hires” can do on a series.