John Oliver Joins Prediction Market Backlash: What The Takedown Means For Kalshi, Robinhood, Polymarket

Benzinga_recent_news04-21

John Oliver used Sunday’s “Last Week Tonight” to call prediction markets gambling sites with better lawyers, adding the loudest voice yet to a backlash already being waged by state AGs, Congress and ...

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Chris Murphy (D-Conn.), Rep. Mike Levin‘s (D-CA) Death Bets Act and Sen. Adam Schiff‘s (D-CA) sports contracts bill. \nTD Cowen analysts said last month that none are likely to pass this session. \nThe courts are the bigger threat. \nThe Third Circuit sided with Kalshi earlier this month, ruling New Jersey cannot enforce gambling laws against the platform. \nThe Ninth Circuit went the other way on Nevada days later, teeing up a circuit split that gaming attorneys expect to land at the Supreme Court.\nOliver’s segment arrives in the middle of that fight.\nImage: IMAGN\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2629135727","isCrawlerRequest":true}