Michigan Court Backs State Authority Over Polymarket Sports Contracts
A federal court in Michigan has ruled that sports-related prediction market contracts offered by Polymarket are subject to state oversight, delivering another setback for the company in its dispute with regulators over the legal status of event-based trading products. U.S. District Judge Paul L. Maloney of the Western District of Michigan denied Polymarket’s request for a preliminary injunction that sought to stop Michigan authorities from restricting the company’s sports event contracts. The decision allows state regulators to continue enforcing Michigan […] The post Michigan Court Backs State Authority Over Polymarket Sports Contracts appeared first on World Casino News.
A federal court in Michigan has ruled that sports-related prediction market contracts offered by Polymarket are subject to state oversight, delivering another setback for the company in its dispute with regulators over the legal status of event-based trading products. U.S. District Judge Paul L. Maloney of the Western District of Michigan denied Polymarket’s request for a preliminary injunction that sought to stop Michigan authorities from restricting the company’s sports event contracts. The decision allows state regulators to continue enforcing Michigan […]
The post Michigan Court Backs State Authority Over Polymarket Sports Contracts appeared first on World Casino News.
