By The Weekly Edge desk ·
Focus Gaming News reported that Pennsylvania referred House Bill 2711 to its committee overseeing consumer protection, technology and utilities. The proposal permits sports event contracts within a regulated prediction market framework.
The referral advances committee consideration of a prediction market regulatory framework.
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Same companies, regulators or market.
Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.