By The Weekly Edge desk ·
Casino.org reported that MEMX asked the SEC to permit contracts based on listed companies’ earnings and performance measures. The exchange proposed a rule change to enable the products.
The proposed rule change would allow MEMX to offer corporate performance contracts.
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The dispute concerns whether state and tribal gambling laws apply to prediction markets offering sports event contracts.
The contracts could give operators and investors a regulated route to trade on company performance measures, while the clearinghouse approval remains outstanding.
Polymarket and Kalshi face unresolved oversight questions as experts warn stock-linked contracts could affect share trading and complicate enforcement.
IEQ Capital’s approximately $1.18m share purchase gives it roughly 0.05% ownership of Monarch Casino & Resort.
Tribes argue federal oversight of sports contracts would divert tribal gaming revenue and conflict with the Indian Gaming Regulatory Act.
Bally’s identified debt covenant liquidity risks and questioned its ability to continue operating despite revenue growth.