A call for a prediction markets crackdown has intensified as sports leagues, casino operators, and lawmakers push back against federal regulatory proposals. The NFL and the Casino Association of New Jersey submitted comments urging the U.S. Commodity Futures Trading Commission to block financial platforms from offering sports event contracts. Traditional gaming companies argue that federally regulated derivatives platforms such as Kalshi and Polymarket bypass state gambling laws, threatening established state and tribal regulatory authority across the country. The American Gaming Association estimates that state governments have lost more than $1 billion in tax revenues due to the expansion of federally…

Chris Koster is a democrat serving as the Attorney General for the state of Missouri. If elected, he could push an online gambling crackdown. Expectations are high that he will run for the position of governor in the state in 2016, and as of now Koster is using his position to try and push to see a federal ban put in place against online gambling in the United States. Following the lead of Sheldon Adelson, Koster has made his thoughts known of the online gambling industry, working together with the Attorney General of South Carolina, Alan Wilson, to distribute letters…

Want China Times – After years of smooth sailing, casino-related stocks on the Hong Kong market have finally seen their wild party coming to an end, with the eight major casino stocks seeing their market value nosedive by HK$191.5 billion (US$24.7 billion) this year as of May 12, reports Guangzhou’s 21st Century Business Herald. What triggered the crash was concerted action between China’s central government and the Macao government in cracking down on underground gambling of Chinese mainlanders at Macao casinos. High rollers from mainland China account for two thirds of the region’s gambling income, and Macau has become a…

Bloomberg – Wynn Macau Ltd. fell the most in more than two years in Hong Kong trading, leading declines among operators of China’s only legal casinos, amid concern that a crackdown on illegal money transfers will pare demand. The unit of Wynn Resorts Ltd. slumped 8.5 percent, its biggest decline since October 2011, at the close in Hong Kong trading. MGM China Holdings Ltd. (2282) dropped 8.2 percent, while Galaxy Entertainment Group Ltd. fell 7.6 percent. China is cracking down on the use of hand-held card-swipers within casino resorts amid concerns that tens of billions of yuan in illicit funds…