# ![@WALLACHLEGAL Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1861416096839966720.png) @WALLACHLEGAL Daniel Wallach

Daniel Wallach posts on X about kalshi, gaming, prediction markets, sports betting the most. They currently have [-----] followers and [---] posts still getting attention that total [-----] engagements in the last [--] hours.

### Engagements: [-----] [#](/creator/twitter::1861416096839966720/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1861416096839966720/c:line/m:interactions.svg)

- [--] Week [-------] -88%
- [--] Month [---------] -46%
- [--] Months [----------] +2,038%
- [--] Year [----------] -27%

### Mentions: [--] [#](/creator/twitter::1861416096839966720/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1861416096839966720/c:line/m:posts_active.svg)

- [--] Week [--] -43%
- [--] Month [---] +69%
- [--] Months [---] +352%
- [--] Year [-----] +1,459%

### Followers: [-----] [#](/creator/twitter::1861416096839966720/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1861416096839966720/c:line/m:followers.svg)

- [--] Week [-----] +1.40%
- [--] Month [-----] +10%
- [--] Months [-----] +136%
- [--] Year [-----] +508%

### CreatorRank: [-------] [#](/creator/twitter::1861416096839966720/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1861416096839966720/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  10.53% [finance](/list/finance)  7.89% [celebrities](/list/celebrities)  7.89% [musicians](/list/musicians)  7.24% [exchanges](/list/exchanges)  #2596 [technology brands](/list/technology-brands)  6.58% [countries](/list/countries)  3.29% [travel destinations](/list/travel-destinations)  1.32% [automotive brands](/list/automotive-brands)  0.66% [social networks](/list/social-networks)  0.66%

**Social topic influence**
[kalshi](/topic/kalshi) #127, [gaming](/topic/gaming) 15.79%, [prediction markets](/topic/prediction-markets) #356, [sports betting](/topic/sports-betting) #63, [in the](/topic/in-the) 10.53%, [business](/topic/business) 8.55%, [motion](/topic/motion) 7.89%, [polymarket](/topic/polymarket) #642, [drake](/topic/drake) 7.24%, [coinbase](/topic/coinbase) #340

**Top accounts mentioned or mentioned by**
[@cftc](/creator/undefined) [@getmorecoin](/creator/undefined) [@wvuflu](/creator/undefined) [@cdcnewswire](/creator/undefined) [@victorrocha1](/creator/undefined) [@cnbc](/creator/undefined) [@lasvegassun](/creator/undefined) [@sportsgrid](/creator/undefined) [@forbessports](/creator/undefined) [@kalshi](/creator/undefined) [@nysgamingcomm](/creator/undefined) [@akhoya87](/creator/undefined) [@jeff_wolfhouse](/creator/undefined) [@assymetrix_com](/creator/undefined) [@kifcap](/creator/undefined) [@jcohenap](/creator/undefined) [@ap](/creator/undefined) [@sruhle](/creator/undefined) [@newyorkstateag](/creator/undefined) [@craigmish](/creator/undefined)

**Top assets mentioned**
[Coinbase Global Inc. (COIN)](/topic/coinbase) [Robinhood Markets, Inc.  (HOOD)](/topic/$hood)
### Top Social Posts
Top posts by engagements in the last [--] hours

"Despite all the recent semantical wordplay on what 'gaming' means it wasn't too long ago -- [----] -- that Kalshi consistently represented to the D.C. federal court that the 'gaming' category reaches only sports betting and sports event contracts and it prevailed on that basis:👇"  
[X Link](https://x.com/WALLACHLEGAL/status/1991317483169448066)  2025-11-20T01:27Z [----] followers, [---] engagements


""Because Kalshi serves as a counterparty shouldering the credit risk of all bets and serving as its own market maker (facing off against consumers in the process) Kalshi and its partners are gambling 'winners' at the expense of the consumer.""  
[X Link](https://x.com/WALLACHLEGAL/status/1994045280325681616)  2025-11-27T14:06Z [----] followers, 49.7K engagements


""When consumers place bets on Kalshi they face off against money provided by a sophisticated market maker on the other side of the ledger. Market makers make it possible for consumers to place illegal unregulated wagers 'against the House.'""  
[X Link](https://x.com/WALLACHLEGAL/status/1994045766583656807)  2025-11-27T14:08Z [----] followers, 44.7K engagements


"Kalshi reliance on Churchill Downs is misplaced. That case involved a federal law (the IHA) which required state consents and recognized that States should have the primary responsibility for determining what forms of gambling may legally take place within their borders.""  
[X Link](https://x.com/WALLACHLEGAL/status/2016517498749755754)  2026-01-28T14:23Z [----] followers, [---] engagements


"The IHA requires the consent of the host race track the host racing commission and the off-track racing commission as a prerequisite for offering intertrack wagering. That would be tantamount to requiring Kalshi under the CEA to obtain the consent of state-licensed sportsbooks"  
[X Link](https://x.com/WALLACHLEGAL/status/2016534413270548590)  2026-01-28T15:30Z [----] followers, [---] engagements


"It seems like only a matter of time before Nevada sues all the other DCMs that are still offering sports event contracts in Nevada. Four consecutive court victories (KEX RH Crypto & Polymarket) plus Mike Dreitzer raise the stakes in NV. BREAKING: The Nevada Gaming Control Board has sued Coinbase in Carson City District Court--the same court which just issued a TRO against Polymarket. The Board seeks a TRO and preliminary injunction to stop Coinbase from offering unlicensed sports wagering in violation of NV law. BREAKING: The Nevada Gaming Control Board has sued Coinbase in Carson City"  
[X Link](https://x.com/WALLACHLEGAL/status/2018508260257533952)  2026-02-03T02:14Z [----] followers, [----] engagements


"JUST IN: New Jersey tells 3rd Circuit that CFTC Chairman Selig's public remarks last week "have no bearing on the appeal" due to Loper-Bright and his own concession that the views he expressed "are his own and do not necessarily reflect those of the Commission"  
[X Link](https://x.com/WALLACHLEGAL/status/2018734115718054298)  2026-02-03T17:11Z [----] followers, [----] engagements


"BREAKING: Illinois Gaming Board and Illinois Attorney General issue more than [--] cease-and-desist letters to companies operating illegal online casinos and/or online sweepstakes casinos. Letters sent to VGW High [--] Casino Fliff JefeBet Modo Pulsz Sportzino Pulsz and Stake"  
[X Link](https://x.com/WALLACHLEGAL/status/2019531800281071670)  2026-02-05T22:01Z [----] followers, 14.2K engagements


"Kalshi also tells Massachusetts Superior Court that it is committed to pursuing an expeditious appeal that should be argued in May [----] before the appellate courts summer recess. Right"  
[X Link](https://x.com/WALLACHLEGAL/status/2019803175293796613)  2026-02-06T15:59Z [----] followers, [---] engagements


"Manhattan US Attorney Jay Clayton answered yes to the Q of whether he planned to take enforcement action on prediction markets telling attendees during speech at Securities Enforcement Forum that prediction markets are an area that I am looking at. https://www.fa-mag.com/news/wall-street-s-top-cop-expects-enforcement-on-prediction-markets-85790.html https://www.fa-mag.com/news/wall-street-s-top-cop-expects-enforcement-on-prediction-markets-85790.html"  
[X Link](https://x.com/WALLACHLEGAL/status/2019816810338791844)  2026-02-06T16:53Z [----] followers, [----] engagements


"NEW: Maryland pushes back on Kalshis slick attempt to use CFTC Chairman Michael I will defer to the courts Seligs public remarks as a backdoor amicus brief telling CA4 that his remarks didnt necessarily reflect CFTC views and are entitled to no deference under Loper-Bright"  
[X Link](https://x.com/WALLACHLEGAL/status/2019839001252003873)  2026-02-06T18:21Z [----] followers, [----] engagements


"The fate of these state-level efforts is unclear because as sports betting and gaming attorney Daniel Wallach pointed out on X until federal courts weigh in attempts to regulate prediction markets will get jammed up in the current preemption quagmire. https://casinobeats.com/2026/02/06/illinois-targets-prediction-markets-with-new-oracle-act-legislation/ https://casinobeats.com/2026/02/06/illinois-targets-prediction-markets-with-new-oracle-act-legislation/"  
[X Link](https://x.com/WALLACHLEGAL/status/2019853011515011574)  2026-02-06T19:17Z [----] followers, [---] engagements


"Breaking: Massachusetts Superior Court enters preliminary injunction against Kalshi requiring statewide geofencing implementation within [--] days and DENIES Kalshis motion for a stay of the injunction pending appeal"  
[X Link](https://x.com/WALLACHLEGAL/status/2019893550519910405)  2026-02-06T21:58Z [----] followers, [----] engagements


"Coinbase getting pummeled in Nevada. After getting hit with a TRO in state court Coinbase tried an end-around in federal court. A federal judge just put an end to that charade. Nevada (federal) District Court judge denies Coinbase request for emergency restraining order against Nevada gaming regulators. (Coinbase v Ford) https://t.co/DV5HJcuVeI Nevada (federal) District Court judge denies Coinbase request for emergency restraining order against Nevada gaming regulators. (Coinbase v Ford) https://t.co/DV5HJcuVeI"  
[X Link](https://x.com/WALLACHLEGAL/status/2020486273664766145)  2026-02-08T13:14Z [----] followers, [----] engagements


"Sen. Blumenthal told me that hes working on an amended bill to address prediction markets. Honored to be part of the cast for an upcoming episode of PBSs groundbreaking new series Breaking the Deadlock. The episodewhich will air March 24thtackles online sports betting and prediction markets. Cast includes Sen. Blumenthal Stephanie Ruhle Tiki Barber @WVUFLU & me. https://t.co/KVR0Vyn95z Honored to be part of the cast for an upcoming episode of PBSs groundbreaking new series Breaking the Deadlock. The episodewhich will air March 24thtackles online sports betting and prediction markets. Cast"  
[X Link](https://x.com/WALLACHLEGAL/status/2020500503067873730)  2026-02-08T14:10Z [----] followers, [----] engagements


"Prediction markets: Will Supreme Court or Congress settle the issue Via @CDCNewswire (insights from @VictorRocha1 and me). Great recap of this weeks The New Normal podcast. The best hour and change youll find on the PM legal landscape. https://cdcgaming.com/prediction-markets-will-supreme-court-or-congress-settle-the-issue/ https://cdcgaming.com/prediction-markets-will-supreme-court-or-congress-settle-the-issue/"  
[X Link](https://x.com/WALLACHLEGAL/status/2020583398570688545)  2026-02-08T19:39Z [----] followers, [----] engagements


"Coinbase tells Nevada federal court that event contracts tied to the outcomes of sporting events are "paradigmatic swaps." Coincase loses bid to enjoin Nevada state court civil enforcement proceedings"  
[X Link](https://x.com/WALLACHLEGAL/status/2020720280415453581)  2026-02-09T04:43Z [----] followers, [---] engagements


"The Ninth Circuit will hold oral argument in the Kalshi Robinhood and Crypto v. Nevada appeals on Thursday April 16th at 9:30 am PST in San Francisco. The same panel is also hearing three other appeals challenging Trump administration policy shifts. Common theme that day"  
[X Link](https://x.com/WALLACHLEGAL/status/2020723679932637566)  2026-02-09T04:57Z [----] followers, [----] engagements


"Coinbase tells Nevada federal court that event contracts tied to the outcomes of sporting events are "paradigmatic swaps.""  
[X Link](https://x.com/WALLACHLEGAL/status/2020724151619604485)  2026-02-09T04:59Z [----] followers, [----] engagements


"NEW: Kalshi tells Ninth Circuit that recent Nevada state court TROs issued against Coinbase and Polymarket increase risk that Nevada "will immediately bring a state-court enforcement action against Kalshi and seek an ex parte TRO" unless a stay pending appeal is granted"  
[X Link](https://x.com/WALLACHLEGAL/status/2020905815817826758)  2026-02-09T17:01Z [----] followers, [----] engagements


"JUST IN: Nevada pushes back against Polymarket gambit to remove state court civil enforcement action to federal court following TRO issuance files motion to remand federal lawsuit back to state court where PI hearing is scheduled and seeks expedited briefing on motion"  
[X Link](https://x.com/WALLACHLEGAL/status/2021055025393574290)  2026-02-10T02:54Z [----] followers, [----] engagements


"Top U.S. gaming lawyer Daniel Wallach believes any state bid to ban prediction markets by statute is premature until the issue of who regulates the offeringthe states or the fedsis decided. https://igamingfuture.com/hawaii-two-0/ https://igamingfuture.com/hawaii-two-0/"  
[X Link](https://x.com/WALLACHLEGAL/status/2021225249824461215)  2026-02-10T14:10Z [----] followers, [---] engagements


"I'm guessing that the prominent billboard in Las Vegas during Super Bowl week did not go over well with state officials. BREAKING: Nevada tells Ninth Circuit that it will be filing a civil enforcement action vs. Kalshi in state court next week pointing to Kalshi's dramatic expansion of its business including "massively increased" trading volumes rather than attempting to maintain the status quo. https://t.co/xx6fD1e2hD BREAKING: Nevada tells Ninth Circuit that it will be filing a civil enforcement action vs. Kalshi in state court next week pointing to Kalshi's dramatic expansion of its"  
[X Link](https://x.com/WALLACHLEGAL/status/2021393291233951971)  2026-02-11T01:18Z [----] followers, [----] engagements


"Smart strategic move by Nevada. Otherwise the 9th Circuit panel may have sat on the stay motion until April if not longer which would have served as a de facto multi-month stay for Kalshi. The Nevada letter compresses that timeline without offending CA9. BREAKING: Nevada tells Ninth Circuit that it will be filing a civil enforcement action vs. Kalshi in state court next week pointing to Kalshi's dramatic expansion of its business including "massively increased" trading volumes rather than attempting to maintain the status quo. https://t.co/xx6fD1e2hD BREAKING: Nevada tells Ninth Circuit that"  
[X Link](https://x.com/WALLACHLEGAL/status/2021397161402151122)  2026-02-11T01:33Z [----] followers, [---] engagements


""To State Defendants knowledge Kalshi is the only prediction market currently operating in Nevada. Its continued operation harms the State and the public every day and poses an existential threat to the States gaming industry.""  
[X Link](https://x.com/WALLACHLEGAL/status/2021402759891960125)  2026-02-11T01:55Z [----] followers, [----] engagements


""While State Defendants initially agreed to temporarily forego enforcement against Kalshi during the pendency of its stay motion Kalshis own actions now compel State Defendants to take action to stop Kalshis unlawful behavior.""  
[X Link](https://x.com/WALLACHLEGAL/status/2021403165560852986)  2026-02-11T01:57Z [----] followers, [---] engagements


""At this point failing to enforce Nevada state law against Kalshi would effectively grant Kalshi the stay it seeks despite the district courts findings that Kalshi is unlikely to succeed on the merits and is causing irreparable harm to Nevada its gaming industry & the public.""  
[X Link](https://x.com/WALLACHLEGAL/status/2021403763731464223)  2026-02-11T01:59Z [----] followers, [---] engagements


"Judge Trauger also questions whether a team covering the point spread or an NBA player making a three-point shot in the second half is sufficiently tethered to a "potential economic financial or commercial consequence" to qualify as a 'swap' under the CEA"  
[X Link](https://x.com/WALLACHLEGAL/status/2021419475074240974)  2026-02-11T03:02Z [----] followers, [---] engagements


"JUDGE: "But what is the financial consequence--other than who's going to win or lose some money-- but other than that how is it associated with a financial consequence" KALSHI: "It's associated with financial consequences for the player at issue." JUDGE: "But not right away.""  
[X Link](https://x.com/WALLACHLEGAL/status/2021421743030902923)  2026-02-11T03:11Z [----] followers, [---] engagements


"Nevada is 5-0 in court. Wins against: - Kalshi - Robinhood - Crypto - Coinbase - Polymarket BREAKING: Nevada tells Ninth Circuit that it will be filing a civil enforcement action vs. Kalshi in state court next week pointing to Kalshi's dramatic expansion of its business including "massively increased" trading volumes rather than attempting to maintain the status quo. https://t.co/xx6fD1e2hD BREAKING: Nevada tells Ninth Circuit that it will be filing a civil enforcement action vs. Kalshi in state court next week pointing to Kalshi's dramatic expansion of its business including "massively"  
[X Link](https://x.com/WALLACHLEGAL/status/2021429355466108963)  2026-02-11T03:41Z [----] followers, 10.7K engagements


"NEW: Kalshi has filed a motion to stay the preliminary injunction issued by Massachusetts Superior Court Judge Christopher Barry-Smith with the Massachusetts Appeals Court where it has been assigned to a Single Justice (Sabita Singh)"  
[X Link](https://x.com/WALLACHLEGAL/status/2021625625803415735)  2026-02-11T16:41Z [----] followers, [----] engagements


"NEW: Kalshi files emergency motion for administrative stay with the 9th Circuit seeking to head off Nevada's threat to initiate civil enforcement proceedings. Kalshi claims that Nevada "reneged" on prior agreement not to initiate such proceedings during pendency of stay motion"  
[X Link](https://x.com/WALLACHLEGAL/status/2021671081858281807)  2026-02-11T19:42Z [----] followers, [----] engagements


"Kalshi seeks an immediate administrative stay pending resolution of Kalshis motion for a stay pending appeal"  
[X Link](https://x.com/WALLACHLEGAL/status/2021672626167382438)  2026-02-11T19:48Z [----] followers, [---] engagements


"Kalshi/Coinbase v. Connecticut update: U.S. District Judge Vernon D. Oliver conducted a combined 3-hour 41-minute oral argument earlier today on Kalshi's and Coinbase's motions for preliminary injunction. He did not issue a ruling and took the matter under advisement"  
[X Link](https://x.com/WALLACHLEGAL/status/2021704820474650730)  2026-02-11T21:56Z [----] followers, [----] engagements


"NEW: Polymarket hit with a second class action lawsuit in the SDNY for operating an "unlicensed sports betting enterprise" which plaintiff alleges is marketed as a "prediction market to hide the fact that the platform provides for and facilitates illegal sports gambling.""  
[X Link](https://x.com/WALLACHLEGAL/status/2021727273427095981)  2026-02-11T23:25Z [----] followers, [----] engagements


"NEW: Nevada files opposition to Kalshi's emergency motion for administrative stay to block state civil enforcement efforts while Kalshi's motion for stay remains pending at the CA9 says that Kalshi's "aggressive and reckless expansion" undermines any claim to equitable relief"  
[X Link](https://x.com/WALLACHLEGAL/status/2022039023271981189)  2026-02-12T20:04Z [----] followers, [----] engagements


"The "enormous billboard on the Las Vegas Strip" to encourage betting on Kalshi's platform for the Super Bowl--along with expanding its menu of betting options (Japanese basketball B League) following its court loss--may have prompted Nevada to tee up a civil enforcement action"  
[X Link](https://x.com/WALLACHLEGAL/status/2022074501404799140)  2026-02-12T22:25Z [----] followers, [---] engagements


"Nevada: "Kalshi has expanded its unlicensed gambling business to the detriment of competitors that follow the rules" citing Kalshi's 27-fold increase in Super Bowl betting over the prior year compared with Nevada's regulated sportsbooks' 15% decline from the previous year"  
[X Link](https://x.com/WALLACHLEGAL/status/2022076521465491698)  2026-02-12T22:33Z [----] followers, [---] engagements


""Kalshi started offering sports contracts despite the CFTCs express prohibition on those contracts. Then it chose to forge ahead with an untested preemption theory even though the district court warned Kalshi that it was 'proceeding at its own risk and creating its own harms.'""  
[X Link](https://x.com/WALLACHLEGAL/status/2022086446140830162)  2026-02-12T23:12Z [----] followers, [---] engagements


"Nevada: "Despite the dissolution of the preliminary injunction it launched new series of sports wagers entered into additional partnerships and aggressively marketed its platform leading to record downloads and betting volumes. Kalshi has no claim to the equities.""  
[X Link](https://x.com/WALLACHLEGAL/status/2022088526926688372)  2026-02-12T23:20Z [----] followers, [---] engagements


""State Defendants have never taken the position that offering contracts on genuine commodity derivatives constitutes unlawful sports betting. Besides sports wagers are 95% of Kalshis business; Kalshi cannot reasonably assert that it is worried about soybean futures.""  
[X Link](https://x.com/WALLACHLEGAL/status/2022089359953211709)  2026-02-12T23:24Z [----] followers, [---] engagements


"Exchange vs. House-Banked "A 'distinction without a difference' said Daniel Wallach a prominent sports gaming attorney. "Exchange wagering is one way in which gambling can occur. See e.g. pari-mutuel wagering Via @JCohenAP @AP https://apnews.com/article/kalshi-polymarket-nfl-nba-mlb-nhl-663ec7f5da78aeed7d7c145bb9cb65ca https://apnews.com/article/kalshi-polymarket-nfl-nba-mlb-nhl-663ec7f5da78aeed7d7c145bb9cb65ca"  
[X Link](https://x.com/WALLACHLEGAL/status/2022336973583868400)  2026-02-13T15:48Z [----] followers, [----] engagements


"I thought Jay Cohen was one of the early innovators of online sports betting. (I wonder whatever happened to him). And I did not know that CNBC is a minority investor in Kalshi. Kalshi spox: Massachusetts is trying to block Kalshis innovations by relying on outdated laws and ideas. Via @CNBC which includes the following disclosure: "CNBC and Kalshi have a commercial relationship that includes a minority investment." https://t.co/TXhctcqgiX Kalshi spox: Massachusetts is trying to block Kalshis innovations by relying on outdated laws and ideas. Via @CNBC which includes the following disclosure:"  
[X Link](https://x.com/WALLACHLEGAL/status/2022889770431492465)  2026-02-15T04:24Z [----] followers, [--] engagements


"The #1 reason why Kalshi Polymarket Robinhood Crypto and Coinbase have fled to federal court to avoid having that question resolved on the merits. A 100% sure fire loss for them. In state court they can still raise federal preemption. So whos forum shopping In state cases the focus is simpler: Are sports prediction markets just gambling by another name and do they violate existing prohibitions on unlicensed wagering https://t.co/hDCFByISvy In state cases the focus is simpler: Are sports prediction markets just gambling by another name and do they violate existing prohibitions on unlicensed"  
[X Link](https://x.com/WALLACHLEGAL/status/2023039612420288624)  2026-02-15T14:20Z [----] followers, [--] engagements


"NEW: Kalshi has been hit with a nationwide class action lawsuit in the SDNY for operating an illegal online sports betting platform and for "duping" customers into believing that they are legally gambling against other consumers when they are actually gambling against the house"  
[X Link](https://x.com/WALLACHLEGAL/status/1994039650877628546)  2025-11-27T13:44Z [----] followers, 5.1M engagements


"NEW: Polymarket hit with a nationwide class action lawsuit in the SDNY for operating "an illegal online sports gambling platform that is marketed as a 'prediction market' but in reality is an unlicensed sports betting enterprise prohibited under various state laws.""  
[X Link](https://x.com/WALLACHLEGAL/status/2019313598972195027)  2026-02-05T07:34Z [----] followers, 883.3K engagements


"BREAKING: Nevada tells Ninth Circuit that it will be filing a civil enforcement action vs. Kalshi in state court next week pointing to Kalshi's dramatic expansion of its business including "massively increased" trading volumes rather than attempting to maintain the status quo"  
[X Link](https://x.com/WALLACHLEGAL/status/2021392451030876304)  2026-02-11T01:14Z [----] followers, 30.1K engagements


"I spent three hours last weekend taping a PBS broadcast with @sruhle on sports betting and prediction markets. Without giving away any spoilers I have a very sneaking suspicion that this is not going to be a softball panel. This 40-minute panel is happening tomorrow in LA for the NBA Tech Summit. Ridiculous lineup. Almost too much. And I noticed the moderator is an old college classmate of mine. Hey @SRuhle https://t.co/amg0ctHMxa This 40-minute panel is happening tomorrow in LA for the NBA Tech Summit. Ridiculous lineup. Almost too much. And I noticed the moderator is an old college"  
[X Link](https://x.com/WALLACHLEGAL/status/2022129969879822821)  2026-02-13T02:05Z [----] followers, [----] engagements


"NEW: has been named in a RICO federal class action lawsuit in Florida for offering illegal sports gambling under the guise of a derivative product; complaint alleges numerous violations of California law and Florida law; seeks nationwide class status. http://Crypto.com http://Crypto.com"  
[X Link](https://x.com/WALLACHLEGAL/status/2022457202485887256)  2026-02-13T23:45Z [----] followers, [----] engagements


"Daniel Wallach founder of the sports betting law firm Wallach Legal said that without sports there are no prediction markets. You take away sporting events you remove the heart and the bulk of its business valuation. Via @LasVegasSun https://lasvegassun.com/news/2026/feb/15/as-prediction-markets-boom-nevada-fights-to-protec/ https://lasvegassun.com/news/2026/feb/15/as-prediction-markets-boom-nevada-fights-to-protec/"  
[X Link](https://x.com/WALLACHLEGAL/status/2023030846689825023)  2026-02-15T13:45Z [----] followers, [----] engagements


"In state cases the focus is simpler: Are sports prediction markets just gambling by another name and do they violate existing prohibitions on unlicensed wagering"  
[X Link](https://x.com/WALLACHLEGAL/status/2023036128291664014)  2026-02-15T14:06Z [----] followers, [----] engagements


"The #1 reason why Kalshi Polymarket Robinhood Crypto & Coinbase have fled to federal court to avoid having that question resolved on the merits. In state cases the focus is simpler: Are sports prediction markets just gambling by another name and do they violate existing prohibitions on unlicensed wagering https://t.co/hDCFByISvy In state cases the focus is simpler: Are sports prediction markets just gambling by another name and do they violate existing prohibitions on unlicensed wagering https://t.co/hDCFByISvy"  
[X Link](https://x.com/WALLACHLEGAL/status/2023044089709732133)  2026-02-15T14:37Z [----] followers, [----] engagements


"If Kalshi fails to get a PI against NY the NYAG would be able to seek the following remedies in state court: 1) Disgorgement restitution injunction and civil penalties 2) Nationwide disgorgement of net profits 3) Personal liability of principals officers and directors🧵 Warning shot fired by @NewYorkStateAG: "Attorney General James is warning the industry that the conduct advertisement and promotion of unlicensed sports wagering violate New Yorks gambling laws and could be subject to civil and criminal liability." https://t.co/4Wjohkbrpg Warning shot fired by @NewYorkStateAG: "Attorney"  
[X Link](https://x.com/WALLACHLEGAL/status/2018701914733453700)  2026-02-03T15:03Z [----] followers, [----] engagements


"Honored to be part of the cast for an upcoming episode of PBSs groundbreaking new series Breaking the Deadlock. The episodewhich will air March 24thtackles online sports betting and prediction markets. Cast includes Sen. Blumenthal Stephanie Ruhle Tiki Barber @WVUFLU & me"  
[X Link](https://x.com/WALLACHLEGAL/status/2020484856254214494)  2026-02-08T13:08Z [----] followers, [----] engagements


"It defies logic to think at the time Congress expressly prohibited sports betting across state lines that somehow it created a secret side door to allow the CFTC to become the nations sports betting regulator without using clear and explicit language making that intent clear. Prediction markets: Will Supreme Court or Congress settle the issue Via @CDCNewswire (insights from @VictorRocha1 and me). Great recap of this weeks The New Normal podcast. The best hour and change youll find on the PM legal landscape. https://t.co/XO6ALmcUaW Prediction markets: Will Supreme Court or Congress settle the"  
[X Link](https://x.com/WALLACHLEGAL/status/2020608640483545461)  2026-02-08T21:20Z [----] followers, [----] engagements


"Ted Olson's law firm--which won right for states to regulate sports gambling without federal interference in Murphy--is now repping Polymarket and asserting that states can no longer regulate sports betting within state borders when conducted on a DCM. No mention of Murphy"  
[X Link](https://x.com/WALLACHLEGAL/status/2020909757360472332)  2026-02-09T17:16Z [----] followers, [----] engagements


"NEW: Kalshi accuses Nevada Gaming Control Board of "unprofessional conduct" in threatening to file civil enforcement proceedings in state court while the CA9 appeal (and related motion for stay) are pending says that denial of stay would lead to "total chaos" (i.e. geofencing)"  
[X Link](https://x.com/WALLACHLEGAL/status/2022414233347260642)  2026-02-13T20:55Z [----] followers, [----] engagements


"Both Coinbase and Polymarket filed oppositions to Nevada's TRO motions in state court and had PI hearings scheduled. So to say there would be no "meaningful opportunity" to oppose such a motion is wildly inaccurate. Sounds more like the state court influenza. Kalshi: "Absent an administrative stay Kalshi faces imminent and irreparable harm most notably in the form of a looming ex parte TRO that Kalshi will not have a meaningful opportunity to oppose and that will force Kalshi to immediately suspend its entire business in Nevada." https://t.co/AdGmHIi6hO Kalshi: "Absent an administrative stay"  
[X Link](https://x.com/WALLACHLEGAL/status/2022416336262152372)  2026-02-13T21:03Z [----] followers, [---] engagements


"Kalshi tells the 9th Circuit that prediction markets are no more susceptible to gambling-related scandals than state-licensed sports books noting that the recent NBA and MLB scandals "involved state-regulated sportsbooksnot CFTC-regulated prediction markets." #StrainsCredulity"  
[X Link](https://x.com/WALLACHLEGAL/status/2022447388971905303)  2026-02-13T23:06Z [----] followers, [----] engagements


"Key ruling expected from the 9th Circuit by Monday on whether to grant Kalshi's motion for administrative stay. If denied Nevada will immediately institute civil enforcement proceedings against Kalshi in state court and likely get a TRO that will force Kalshi to exit NV ASAP. Kalshi: "Absent an administrative stay Kalshi faces imminent and irreparable harm most notably in the form of a looming ex parte TRO that Kalshi will not have a meaningful opportunity to oppose and that will force Kalshi to immediately suspend its entire business in Nevada." https://t.co/AdGmHIi6hO Kalshi: "Absent an"  
[X Link](https://x.com/WALLACHLEGAL/status/2022516703910076925)  2026-02-14T03:42Z [----] followers, [--] engagements


"The last gambling lawsuit of [----] is a doozy a federal RICO class action vs. Stake and rapper Drake for promoting an illegal online gambling site under the guise of a fake sweepstakes. Drake is accused of using the platform to artificially inflate play counts of his music"  
[X Link](https://x.com/WALLACHLEGAL/status/2006769316763677038)  2026-01-01T16:47Z [----] followers, 2.6M engagements


"Nevada's bold move against Kalshi "reflects Nevada Gaming Control Board Chair Mike Dreitzer's 'take-no-prisoners' approach towards prediction markets. With a 5-0 record in court can you blame him I joined @craigmish on @sportsgrid to discuss: https://sports.yahoo.com/videos/nevadas-bold-move-against-prediction-195453006.htmlguccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAIpkj6QPzDEDVD2f9yN5fzVlXNVHLuQ3zQ08GcuLoRSlFHeUkI-Zby1T9JYYck9uFyvltwSH4U2fz0jB5_cNStL2SoXFTqtcHPBGVsE_0dJK9X2NycfNv-p8XcJpbxa63pBSjLCGHUTvWI2WCjipJruM4U1G9cpvFHyGy5y9HU11"  
[X Link](https://x.com/WALLACHLEGAL/status/2022140008770286000)  2026-02-13T02:45Z [----] followers, [----] engagements


"Kalshi: "Absent an administrative stay Kalshi faces imminent and irreparable harm most notably in the form of a looming ex parte TRO that Kalshi will not have a meaningful opportunity to oppose and that will force Kalshi to immediately suspend its entire business in Nevada.""  
[X Link](https://x.com/WALLACHLEGAL/status/2022414589410054546)  2026-02-13T20:56Z [----] followers, [----] engagements


"Prediction markets assert their services shouldnt fall under gaming. However judges so far have been reluctant to read a postcrisis Wall Street reform law as a green light for nationwide sports betting"  
[X Link](https://x.com/WALLACHLEGAL/status/2023034554542600320)  2026-02-15T13:59Z [----] followers, [---] engagements


"The courts have always invoked a strong presumption against preemption and to overcome that presumption you need to have clear and manifest language Wallach said. At best the arguments that the prediction market platforms make are based on ambiguities"  
[X Link](https://x.com/WALLACHLEGAL/status/2023035177870704702)  2026-02-15T14:02Z [----] followers, [---] engagements


"As the Ninth Circuit mulls whether to grant an administrative stay to Kalshi to head off Nevada's planned filing of a state court civil enforcement action (as soon as tomorrow) the CA9 may consider its pronouncement last year in Flynt v. Bonta: In Flynt v. Bonta the Ninth Circuit observed that "gambling does not involve an inherently national system of regulation given the states' long-understood authority in this area." https://t.co/HzARK0ly32 In Flynt v. Bonta the Ninth Circuit observed that "gambling does not involve an inherently national system of regulation given the states'"  
[X Link](https://x.com/WALLACHLEGAL/status/2023418850814161199)  2026-02-16T15:27Z [----] followers, [----] engagements


"Key ruling expected from the 9th Circuit by Monday on whether to grant Kalshi's motion for administrative stay. If it's denied Nevada will immediately bring civil enforcement proceedings against Kalshi in state court and likely get a TRO to force Kalshi to exit the state ASAP. Kalshi: "Absent an administrative stay Kalshi faces imminent and irreparable harm most notably in the form of a looming ex parte TRO that Kalshi will not have a meaningful opportunity to oppose and that will force Kalshi to immediately suspend its entire business in Nevada." https://t.co/AdGmHIi6hO Kalshi: "Absent an"  
[X Link](https://x.com/WALLACHLEGAL/status/2022517048199307464)  2026-02-14T03:43Z [----] followers, [----] engagements


"Kalshi spox: Massachusetts is trying to block Kalshis innovations by relying on outdated laws and ideas. Via @CNBC which includes the following disclosure: "CNBC and Kalshi have a commercial relationship that includes a minority investment." https://www.cnbc.com/2026/02/14/how-prediction-markets-work.html https://www.cnbc.com/2026/02/14/how-prediction-markets-work.html"  
[X Link](https://x.com/WALLACHLEGAL/status/2022887608280584599)  2026-02-15T04:16Z [----] followers, [----] engagements


"The #1 reason why Kalshi Polymarket Robinhood Crypto & Coinbase have fled to federal court to avoid having that question resolved on the merits. A 100% sure fire loss for them. In state court they can still assert federal preemption. So whos the one forum shopping In state cases the focus is simpler: Are sports prediction markets just gambling by another name and do they violate existing prohibitions on unlicensed wagering https://t.co/hDCFByISvy In state cases the focus is simpler: Are sports prediction markets just gambling by another name and do they violate existing prohibitions on"  
[X Link](https://x.com/WALLACHLEGAL/status/2023040633951383778)  2026-02-15T14:24Z [----] followers, [---] engagements


""Judges so far have been reluctant to read a postcrisis Wall Street reform law as a green light for nationwide sports betting." Via @Kyle_Chouinard More in @LasVegasSun (featuring insights from @repdinatitus and me) https://lasvegassun.com/news/2026/feb/15/as-prediction-markets-boom-nevada-fights-to-protec/ https://lasvegassun.com/news/2026/feb/15/as-prediction-markets-boom-nevada-fights-to-protec/"  
[X Link](https://x.com/WALLACHLEGAL/status/2023265030238556232)  2026-02-16T05:15Z [----] followers, [----] engagements


"Lawmakers in Tennessee will discuss companion bills on Feb. [--] that would make online sweepstakes games illegal defining them as platforms that use a virtual currency system and simulate casino-style games. Via @G_Insider https://www.gamblinginsider.com/news/111946/kalshi-ruling-sweepstakes-bans-igaming-votes-stories-to-watch https://www.gamblinginsider.com/news/111946/kalshi-ruling-sweepstakes-bans-igaming-votes-stories-to-watch"  
[X Link](https://x.com/WALLACHLEGAL/status/2023437311879651717)  2026-02-16T16:40Z [----] followers, [---] engagements


"NEW: Nevada Gaming Control Board issues a cease-and-desist order to KalshiEx for engaging in unlawful gaming i.e. event-based contracts on sporting events and election outcomes unlawful in Nevada unless and until approved as licensed gaming by the Nevada Gaming Commission"  
[X Link](https://x.com/anyuser/status/1897102200062795912)  2025-03-05T01:49Z [----] followers, [----] engagements


"BREAKING: High [--] Games a majority owner of High [--] Casino to be charged with [----] criminal counts of conducting illegal gaming activity in Connecticut per the CT Department of Public Safety. 1st sweeps operator to face criminal charges in the US. https://portal.ct.gov/dcp/news-releases-from-the-department-of-consumer-protection/2025-news-releases/dcp-issues-summary-suspension-of-high5games-license-for-conducting-illegal-gaming-activitylanguage=en_US"  
[X Link](https://x.com/anyuser/status/1900782567227285932)  2025-03-15T05:34Z [----] followers, 10.9K engagements


"In Arkansas a bill is slated to be introduced next week legalizing iGaming and banning online sweepstakes casinos and sportsbooks per @carltontsaffa https://www.gambling.com/us/news/arkansas-bill-legalizing-igaming-banning-sweepstakes-set-for-introduction-saffa https://www.gambling.com/us/news/arkansas-bill-legalizing-igaming-banning-sweepstakes-set-for-introduction-saffa"  
[X Link](https://x.com/anyuser/status/1900923910629015679)  2025-03-15T14:55Z [----] followers, [----] engagements


"BREAKING: Sweepstakes Casino Giant VGW Ordered To Exit Maryland Produce Legal Opinion To Regulators An exclusive for @ForbesSports https://www.forbes.com/sites/danielwallach/2025/03/17/sweepstakes-casino-giant-vgw-ordered-to-exit-maryland-produce-legal-opinion-to-regulators/ https://www.forbes.com/sites/danielwallach/2025/03/17/sweepstakes-casino-giant-vgw-ordered-to-exit-maryland-produce-legal-opinion-to-regulators/"  
[X Link](https://x.com/anyuser/status/1901662501646856533)  2025-03-17T15:50Z [----] followers, [----] engagements


"Arkansas bills to legalize iGaming and ban sweepstakes casinos were filed earlier today in the Senate and House. HB 1861: (14 co-sponsors) SB 524: (14 co-sponsors) https://bit.ly/4hqamE5 https://bit.ly/4iuUIIy https://bit.ly/4hqamE5 https://bit.ly/4iuUIIy"  
[X Link](https://x.com/anyuser/status/1902532702554702106)  2025-03-20T01:28Z [----] followers, [----] engagements


"NEW: has been hit with a class action brought in Illinois federal court by same law firm which just won a $25M judgment against High [--] Gaming in WA. Lawsuit seeks recovery of gambling losses on behalf of all IL residents who lost money on Stakes website. http://Stake.us http://Stake.us"  
[X Link](https://x.com/anyuser/status/1909479332717731896)  2025-04-08T05:32Z [----] followers, 16.4K engagements


"NEW: Kalshis Nevada Court Win May Be Short-Lived Due To Federal Wire Act Ban On Sports Betting My latest for @ForbesSports https://www.forbes.com/sites/danielwallach/2025/04/15/kalshis-nevada-court-win-may-be-short-lived-due-to-federal-wire-act-ban-on-sports-betting/ https://www.forbes.com/sites/danielwallach/2025/04/15/kalshis-nevada-court-win-may-be-short-lived-due-to-federal-wire-act-ban-on-sports-betting/"  
[X Link](https://x.com/anyuser/status/1912228497117806795)  2025-04-15T19:36Z [----] followers, [----] engagements


"The Wire Act is indeed a major problem for Kalshi. But CFTC Rule 40.11(a)(1) is even worse. A case killer. Its a blanket prohibition against any event contract that involves gaming or activity that is unlawful under any Federal or State Law. Not raised (yet) by Nevada"  
[X Link](https://x.com/anyuser/status/1912878438412640282)  2025-04-17T14:38Z [----] followers, [----] engagements


"BREAKING: New Jersey federal court grantsKalshi's motion forpreliminary injunction against the NJ Division of Gaming Enforcement says Kalshis sports-related event contracts fall within the CFTCs exclusive jurisdiction"  
[X Link](https://x.com/anyuser/status/1916911013972103384)  2025-04-28T17:42Z [----] followers, 14K engagements


"BREAKING: Wheel of Fortune host Ryan Seacrestwho is the official celebrity endorser for Chumba Casinohas been sued for promoting and advertising illegal gambling in California by promoting the popular sweepstakes casino website via social media and other advertising channels"  
[X Link](https://x.com/anyuser/status/1918348132427174081)  2025-05-02T16:53Z [----] followers, 22.6K engagements


"My new Forbes article examines how states can weaponize the CFTC's failure to enforce Rule 40.11(a)(1) in their lawsuits with Kalshi. By seeking a preliminary injunction Kalshi has opened the door to consideration of that issue on [--] of [--] PI factors. https://www.forbes.com/sites/danielwallach/2025/05/27/cftcs-failure-to-enforce-gaming-contract-ban-could-still-upend-kalshi-sports-betting-lawsuits/ https://www.forbes.com/sites/danielwallach/2025/05/27/cftcs-failure-to-enforce-gaming-contract-ban-could-still-upend-kalshi-sports-betting-lawsuits/"  
[X Link](https://x.com/anyuser/status/1927481140849324145)  2025-05-27T21:44Z [----] followers, [----] engagements


"Its Not Gambling Its Predicting Via @matt_levine Kalshi offers a prediction market where you can bet on sports. No Sorry Wrong It offers a prediction market where you can predict which team will win a sports game. Completely different. https://www.bloomberg.com/opinion/newsletters/2025-06-17/it-s-not-gambling-it-s-predicting https://www.bloomberg.com/opinion/newsletters/2025-06-17/it-s-not-gambling-it-s-predicting"  
[X Link](https://x.com/anyuser/status/1935050565207105606)  2025-06-17T19:03Z [----] followers, [----] engagements


"BREAKING: A bill to prohibit online sweepstakes casinos was filed today in California"  
[X Link](https://x.com/anyuser/status/1936180270082015293)  2025-06-20T21:52Z [----] followers, [----] engagements


"JUST IN: Underdog Fantasy has sued the California Attorney General in Sacramento County Superior Court to block the AG's Office from releasing its forthcoming legal opinion on daily fantasy sports contests"  
[X Link](https://x.com/anyuser/status/1939882313602474003)  2025-07-01T03:02Z [----] followers, 79.4K engagements


""If issued the opinion will poison a thriving industry that serves millions of Californians. It will cast a legal cloud over the companies that organize DFS contests. In short it will cost jobs squander investments and deprive Californians of an activity that millions enjoy.""  
[X Link](https://x.com/anyuser/status/1939889431189889291)  2025-07-01T03:30Z [----] followers, [----] engagements


"BREAKING: @Underdog's motion for a temporary restraining order to prevent the California Attorney General from releasing his legal opinion on daily fantasy sports contests has just been DENIED by Sacramento County Superior Court Judge Jennifer Rockwell"  
[X Link](https://x.com/anyuser/status/1940512243126599835)  2025-07-02T20:45Z [----] followers, 33.1K engagements


"BREAKING: The Louisiana Attorney General has issued a legal opinion declaring that online sweepstakes casinos constitute illegal gambling and threatening criminal and civil enforcement action against those who continue to operate in the state. (h/t @hglaser1)"  
[X Link](https://x.com/anyuser/status/1940543633054372085)  2025-07-02T22:50Z [----] followers, 14.6K engagements


"BREAKING: California Department of Justice Releases Legal Opinion on Daily Fantasy Sports https://oag.ca.gov/news/press-releases/california-department-justice-releases-legal-opinion-daily-fantasy-sports https://oag.ca.gov/news/press-releases/california-department-justice-releases-legal-opinion-daily-fantasy-sports"  
[X Link](https://x.com/anyuser/status/1940855070037528762)  2025-07-03T19:28Z [----] followers, [----] engagements


"BREAKING: Three federally recognized California Indian tribes have sued Kalshi and Robinhood in CA federal court alleging that the two companies are unlawfully engaging in sports betting by offering sports-outcome event contracts on the tribes Indian lands in violation of IGRA"  
[X Link](https://x.com/anyuser/status/1947881062673388029)  2025-07-23T04:46Z [----] followers, 21.2K engagements


"BREAKING: Maryland federal district judge Adam Abelson has DENIED Kalshi's motion for preliminary injunction against the Maryland Lottery determines that @Kalshi has failed to demonstrate a likelihood of success on the merits of its preemption claim. A new losing streak begins"  
[X Link](https://x.com/anyuser/status/1951362088753881375)  2025-08-01T19:19Z [----] followers, 10.4K engagements


"My takeaways on yesterday's ruling in Kalshi v. Maryland: 1) It was evident from the May 28th oral argument transcript that Judge Abelson viewed the preemption issue as laser-focused on the narrow question of whether Congress intended for this specific type of product -- i.e. sports betting -- to be included on CFTC-regulated futures markets. Remember Kalshi wanted to frame the preemption issue much more broadly -- i.e that the CEA granted the CFTC exclusive jurisdiction over "all" contracts traded on its exchanges. Judge Abelson was having none of that. Here is a quote from the 5/28 oral"  
[X Link](https://x.com/anyuser/status/1951628681111097567)  2025-08-02T12:58Z [----] followers, [----] engagements


"CFTC wont do a thing about it despite Rule 40.11s express ban against event contracts relating to gaming. Can you say regulatory capture This morning @DraftKings and @FanDuel's most profitable product line is at risk. @Kalshi just filed to list player props and spreads on a regulated exchange - it everything for sports betting economics. And the @CFTC has just [--] hours to do something about it. 🧵 https://t.co/mS5i9q8RCS This morning @DraftKings and @FanDuel's most profitable product line is at risk. @Kalshi just filed to list player props and spreads on a regulated exchange - it everything"  
[X Link](https://x.com/anyuser/status/1957441001213005891)  2025-08-18T13:54Z [----] followers, [----] engagements


"NEW: Massachusetts lawmaker introduces bill to both legalize #iGaming and ban online sweepstakes casinos. House Bill [----] filed by @Muradian4Rep has been referred to the Joint Committee on Economic Development and Emerging Technologies. https://legiscan.com/MA/text/H4431/2025 https://legiscan.com/MA/text/H4431/2025"  
[X Link](https://x.com/anyuser/status/1958207250293526593)  2025-08-20T16:39Z [----] followers, [----] engagements


"BREAKING: The Los Angeles City Attorney has sued sweepstakes casino operator Stake Kick Streaming Ed Craven Bijan Tehrani Evolution and [--] others for running and/or aiding & abetting the running of an illegal online gambling enterprise in violation of California law"  
[X Link](https://x.com/anyuser/status/1961257587824889915)  2025-08-29T02:40Z [----] followers, 33K engagements


"BREAKING: Evolution and Pragmatic Play exit in California following @CityAttorneyLAs civil enforcement action against the sweepstakes casino operator its founders and suppliers. Via @ThomasAkoo https://next.io/news/casino/evolution-pragmatic-exit-stake-us-california/ http://Stake.us https://next.io/news/casino/evolution-pragmatic-exit-stake-us-california/ http://Stake.us"  
[X Link](https://x.com/anyuser/status/1962553940509077841)  2025-09-01T16:31Z [----] followers, [----] engagements


"BREAKING: California Tribes ask federal court to issue an immediate preliminary injunction against Kalshi & Robinhood to prevent them from offering sports wagering event contracts on Indian lands. If granted the [--] DCMs would need to geofence tribal lands to avoid IGRA violation. Such relief could have far-reaching national consequences. Who else might want the same thing Its a long list: (1) [---] other tribes in California; (2) tribes throughout the rest of the United States; (3) the three states which have been sued by Kalshi (NJ NV and MD although MD has agreed to pause enforcement of its"  
[X Link](https://x.com/anyuser/status/1963766668917703120)  2025-09-05T00:50Z [----] followers, 16.2K engagements


"BREAKING: The Louisiana Department of Revenue has sued online sweepstakes casino operators VGW and MW Services (dba "WOW Vegas") for $44 million in unpaid taxes interest and penalties based on estimated sales of virtual currency to in-state residents"  
[X Link](https://x.com/anyuser/status/1964308792230711583)  2025-09-06T12:44Z [----] followers, [----] engagements


"Thats how you know Kalshi is on the wrong side of the legal argument. They have to traffic in that nonsense and pay former lawmakers to rewrite legislative history [--] years after the fact. They are using the same sky is falling rhetoric as sweepstakes casinos. Same playbook. https://t.co/eYBZFyAEGn https://t.co/eYBZFyAEGn"  
[X Link](https://x.com/anyuser/status/1965535921962619048)  2025-09-09T22:00Z [----] followers, [----] engagements


"BREAKING: Robinhood has filed a lawsuit in Mass. federal court against the @MassAGO and @MassGamingComm to block the two state agencies "from enforcing preempted Massachusetts law against Robinhood for its facilitation of transactions involving sports-related event contracts.""  
[X Link](https://x.com/anyuser/status/1967637517865455874)  2025-09-15T17:11Z [----] followers, [----] engagements


"This is up there for column of the year. One of @SteveRuddocks best. It should be cited in every lawsuit vs. Kalshi. The companys wildly inconsistent positions are not just limited to court documents. It is also a core part of Kalshis PR playbook. https://straighttothepoint.substack.com/p/initiate-rant-mode https://straighttothepoint.substack.com/p/initiate-rant-mode"  
[X Link](https://x.com/anyuser/status/1969031526252794135)  2025-09-19T13:31Z [----] followers, [----] engagements


"BREAKING: Nevada federal judge finds that sports event contracts do notqualify as swaps under the Commodity Exchange Act denies motion for a preliminary injunction. This was the same judge who GRANTED Kalshis motion for PI several months earlier. http://Crypto.com http://Crypto.com"  
[X Link](https://x.com/anyuser/status/1973917874784800903)  2025-10-03T01:07Z [----] followers, 13.3K engagements


"@a_kane47 Please spare me your bullshit Alex"  
[X Link](https://x.com/anyuser/status/1973919760220885066)  2025-10-03T01:15Z [----] followers, [----] engagements


"If sports event contracts do not qualify as swaps under the CEA then the entire business model falls apart. Kalshis federal preemption argument is premised on these contracts being treated as swaps. Lose that designation and the preemption argument is stopped in its tracks"  
[X Link](https://x.com/anyuser/status/1973939368755908865)  2025-10-03T02:33Z [----] followers, [----] engagements


"NYT: Is Sports Betting Illegal in Your State: Not if You Call It a Prediction Market. The absurdity goes mainstream. Via @nytimes https://www.nytimes.com/2025/10/05/upshot/sports-betting-prediction-markets.html https://www.nytimes.com/2025/10/05/upshot/sports-betting-prediction-markets.html"  
[X Link](https://x.com/anyuser/status/1974832112848044349)  2025-10-05T13:40Z [----] followers, [----] engagements


"NEW: Nevada federal judge explains on the record that because sports prediction contracts are based on the outcomes of sporting events rather than their occurrence or non-occurrence they do not qualify as swaps under the CEA. http://Crypto.com http://Crypto.com"  
[X Link](https://x.com/anyuser/status/1975188832913064310)  2025-10-06T13:18Z [----] followers, 12.2K engagements


"Sweepstakes casinos are not misunderstood. They are understood perfectly. 100+ cease-and-desist letters from 11+ states and zero legal challenges to any of those orders. For good reason"  
[X Link](https://x.com/anyuser/status/1975341627905613984)  2025-10-06T23:25Z [----] followers, [----] engagements


"The federal government is significantly better equipped to regulate financial markets than [--] separate slot machine regulators which do not have the capacity expertise or legal jurisdiction to regulate futures. - Sara Slane on why CFTC can better regulate sports contracts"  
[X Link](https://x.com/anyuser/status/1977695689757839461)  2025-10-13T11:19Z [----] followers, 24.3K engagements


"Really The same CFTC which: - has only [--] commissioner - lost 28% of its staff - has ceased operations during the government shutdown - has no sports-related integrity requirements - wont enforce its existing ban on gambling contracts We are living in bizarre times. The federal government is significantly better equipped to regulate financial markets than [--] separate slot machine regulators which do not have the capacity expertise or legal jurisdiction to regulate futures. - Sara Slane on why CFTC can better regulate sports contracts The federal government is significantly better equipped to"  
[X Link](https://x.com/anyuser/status/1977699497162453146)  2025-10-13T11:34Z [----] followers, [----] engagements


"NEW: Ohio becomes the second state to engage outside counsel in litigation against Kalshi joining Nevada (which turned its fortunes around when it retained Mayer Brown and SCOTUS litigator Nicole Saharsky). Smart move by Ohio. Still waiting on a hearing date for the PI motion"  
[X Link](https://x.com/anyuser/status/1978589553146380363)  2025-10-15T22:31Z [----] followers, [----] engagements


"The momentum in the Kalshi lawsuits began to turn in the States' favor in Maryland. [--] key reasons: (1) MD's focus on Kalshi's prior judicial stmts got judge's attention & opened door to supp briefing; and (2) the Tribes joining forces w/ MD. The 2-0 tribes are back at it in MA:🧵"  
[X Link](https://x.com/anyuser/status/1979234005028360206)  2025-10-17T17:12Z [----] followers, 44.9K engagements


"Tribes raise spectre of iGaming on CFTC: "What would limit Robinhood or any other CFTC-registered entity from simply calling 'contracts' on other traditional forms of gamingsuch as roulette and lotteries'swaps' and subjecting them to the exclusive jurisdiction of the CFTC""  
[X Link](https://x.com/anyuser/status/1979395993507381251)  2025-10-18T03:55Z [----] followers, [----] engagements


"BREAKING: Nevada files an emergency motion to dissolve the preliminary injunction that was granted to Kalshi six months earlier says that Judge Gordon's denial of a PI in Crypto "now makes clear that Kalshi is not likely to succeed on the merits.""  
[X Link](https://x.com/anyuser/status/1979655656547512572)  2025-10-18T21:07Z [----] followers, 14.8K engagements


"It's absolutely wild to me that one of the largest sweepstakes casino operators in the U.S. is headquartered in Miami Florida -- the state where it is crystal clear under existing law that perpetual real-money online sweepstakes casino games are not legal"  
[X Link](https://x.com/anyuser/status/1979974644598714370)  2025-10-19T18:15Z [----] followers, [----] engagements


"While Kalshi trades cleared swaps under the purview of the CFTC InPlay's products will instead be structured as securities and regulated by the SEC. This will allow for the use of leverage and enable market makers to sidestep onerous swap dealer registration requirements"  
[X Link](https://x.com/anyuser/status/1980245600747577804)  2025-10-20T12:11Z [----] followers, 21.2K engagements


"Sports betting regulated by the Securities and Exchange Commission is coming soon. While Kalshi trades cleared swaps under the purview of the CFTC InPlay's products will instead be structured as securities and regulated by the SEC. This will allow for the use of leverage and enable market makers to sidestep onerous swap dealer registration requirements. https://t.co/xImBA9w5XM While Kalshi trades cleared swaps under the purview of the CFTC InPlay's products will instead be structured as securities and regulated by the SEC. This will allow for the use of leverage and enable market makers to"  
[X Link](https://x.com/anyuser/status/1980246469266260339)  2025-10-20T12:15Z [----] followers, [----] engagements


"I think the CFTC is going to get swallowed. You're going to see more and more of these cases of insider trading happening on prediction markets because the CFTC isnt doing surveillancethey dont have the manpower to catch it on their https://decrypt.co/345961/sports-betting-scandals-nba-prediction-marketsamp=1 https://decrypt.co/345961/sports-betting-scandals-nba-prediction-marketsamp=1"  
[X Link](https://x.com/anyuser/status/1982452600428470739)  2025-10-26T14:21Z [----] followers, 17.8K engagements


"Another compelling read. For states and tribes Kalshi is actually the perfect litigation adversary. A boatload of prior inconsistent judicial statements and an aggressive expansion strategy that undermines its legal position in every lawsuit. A master class in recklessness. Sports betting is now legal everywhereeven in the states where it isnt @MarcNovicoff writes: https://t.co/RqVdq0Bk71 Sports betting is now legal everywhereeven in the states where it isnt @MarcNovicoff writes: https://t.co/RqVdq0Bk71"  
[X Link](https://x.com/anyuser/status/1982481135692369930)  2025-10-26T16:15Z [----] followers, 15.5K engagements


"According to Kalshi a "prop bet" on individual player performance is a "swap" under the CEA because it has potential economic consequences on the player's sponsorship deal. Daniel Jones throwing for 175+ yards is now a swap. So much for macroeconomic impact"  
[X Link](https://x.com/anyuser/status/1982541344712389063)  2025-10-26T20:14Z [----] followers, 24.2K engagements


"News: Kalshi files federal lawsuit against New York State after receiving cease-and-desist letter from @NYSGamingComm on Friday evening and will soon be filing a motion for preliminary injunction to prevent NYS from from enforcing its gambling laws vs. Kalshi. (h/t @akhoya87)"  
[X Link](https://x.com/anyuser/status/1982781404074102953)  2025-10-27T12:08Z [----] followers, 19.2K engagements


"6 states are now in litigation with Kalshi: - NV - NJ - MD - MA - OH - NY In [--] out of [--] cases Kalshi sued first (MA the lone exception). Why don't states sue first Advance notice requirement. Section 63(12) of NY Executive Law requires [--] days notice. News: Kalshi files federal lawsuit against New York State after receiving cease-and-desist letter from @NYSGamingComm on Friday evening and will soon be filing a motion for preliminary injunction to prevent NYS from from enforcing its gambling laws vs. Kalshi. (h/t @akhoya87) https://t.co/GfONveCQx4 News: Kalshi files federal lawsuit against New"  
[X Link](https://x.com/anyuser/status/1982785087490916557)  2025-10-27T12:22Z [----] followers, [----] engagements


"JUST IN: Kalshi has filed an emergency motion for a temporary restraining order and preliminary injunction against the New York State Gaming Commission and asked for an immediate hearing. The case has been assigned to Judge Analisa Torres who was appointed by Barack Obama"  
[X Link](https://x.com/anyuser/status/1982864965255213550)  2025-10-27T17:40Z [----] followers, 33K engagements


""Stake in particular pays online influencer-Defendants Adin Ross and Aubrey Drake Graham (Drake) each millions of dollars yearly to engage in promotional 'livestream' online casino gambling with http://Stake.com http://Stake.com"  
[X Link](https://x.com/anyuser/status/1982967529799856414)  2025-10-28T00:27Z [----] followers, 21.9K engagements


""But Drake and Ross do so under deeply fraudulent pretenses. To wit when Ross and Drake purport to gamble online with they often do not do so with their own money despite telling the public in Missouri and elsewhere the opposite." http://Stake.com http://Stake.com"  
[X Link](https://x.com/anyuser/status/1982968382317068357)  2025-10-28T00:31Z [----] followers, 17.6K engagements


""Stake boasts that Drake 'has been a long-time member of the Stake community' after which a 'partnership was formed' where 'a new gaming experience' will allow users to 'have a chance to win big along side Drake.' This type of giveaway will be on a magnitude unseen before"  
[X Link](https://x.com/anyuser/status/1982970076128055324)  2025-10-28T00:38Z [----] followers, 13.3K engagements


""Drakes involvement is further described on as a 'Journey from a Player to a Partner' and touts 'Drakes Live Stream Giveaways & Rewards' as well as his 'Stake History in the Making.'" http://Stake.com http://Stake.com"  
[X Link](https://x.com/anyuser/status/1982971508319457762)  2025-10-28T00:43Z [----] followers, 11.9K engagements


""Even Drakes official Instagram account ('champagnepapi') and X account ('Drizzy') prominently display his partnership with Stake which reach over [---] million and [--] million followers respectively. That placement puts it ahead of his other ventures.""  
[X Link](https://x.com/anyuser/status/1982971980514242681)  2025-10-28T00:45Z [----] followers, 10.8K engagements


""Drakes role as Stakes unofficial mascot is quietly corrosivehes glamorizing the platform to millions of impressionable fans many of whom treat his wild betting habits like gospel.""  
[X Link](https://x.com/anyuser/status/1982973284518953378)  2025-10-28T00:50Z [----] followers, [----] engagements


""What makes it even more unsettling is that Stake apparently fronts Drake and Ross 'house money' so any reported losses are part of a marketing tactic designed to draw attention.""  
[X Link](https://x.com/anyuser/status/1982973708659765636)  2025-10-28T00:52Z [----] followers, [----] engagements


""Stakes influencer marketing especially through Drake and Ross is directed among others at teenagers in Missouri and in other states.""  
[X Link](https://x.com/anyuser/status/1982973910099325095)  2025-10-28T00:53Z [----] followers, [----] engagements


""Stakes and Drakes and Rosss conduct here threatens the welfare of Missouri residents and especially its young people.""  
[X Link](https://x.com/anyuser/status/1982974746066333966)  2025-10-28T00:56Z [----] followers, [----] engagements


"If Kalshi had lost the race to the courthouse in New York and been sued first in state court its principals officers and directors could have been held personally liable for Kalshi's actions and been ordered to pay restitution and penalties under NY law.👇"  
[X Link](https://x.com/anyuser/status/1983167215496306963)  2025-10-28T13:41Z [----] followers, [----] engagements


"The Missouri class action extends liability to the companys celebrity promoters including Drake and Adin Ross in what may become a precedent-setting case for influencer accountability in online gambling. BREAKING: Canadian rapper Drake and online influencer Adin Ross have been sued along with sweepstakes casino website https://t.co/ZWPLa9WGvN for promoting illegal online gambling in Missouri. The class action seeks to hold Drake and Ross liable for class members' gambling losses. https://t.co/YILRTAWloM BREAKING: Canadian rapper Drake and online influencer Adin Ross have been sued along with"  
[X Link](https://x.com/anyuser/status/1983179778070065613)  2025-10-28T14:31Z [----] followers, [----] engagements


"One of the greatest myths perpetrated by Kalshi is that they are a true peer-to-peer platform as distinguished from sportsbooks. The reality: they use & incentivize market makers (and even an affiliate) to provide liquidity. That's house-banked which is now an issue in Nevada"  
[X Link](https://x.com/anyuser/status/1983575457531404327)  2025-10-29T16:43Z [----] followers, [----] engagements


"This is one of the most insightful analyses of the ongoing legal battles between Kalshi and state/tribal governments. If you want to get caught up on what's happening in the legal trenches this is the best place to start. Kalshi: Cracks in Legal Theory Beginning to Emerge After Early Court Victory Recent rulings in Massachusetts and Nevada challenge the companys claim that its sports betting contracts fall solely under federal CFTC jurisdiction. Our deep dive into the case: https://t.co/IEnSpFdepr Kalshi: Cracks in Legal Theory Beginning to Emerge After Early Court Victory Recent rulings in"  
[X Link](https://x.com/anyuser/status/1983649244470018350)  2025-10-29T21:36Z [----] followers, [----] engagements


"BREAKING: Drake has been sued for a 2nd time this week for his role in promoting the online sweepstakes casino website The class action lawsuit -- filed in New Mexico state court -- seeks to hold Drake personally liable for class members' gambling losses. http://Stake.us http://Stake.us"  
[X Link](https://x.com/anyuser/status/1983732358412149090)  2025-10-30T03:07Z [----] followers, 15.1K engagements


"Drake hit with lawsuit #2: This New Mexico case is the latest in a growing wave of lawsuits targeting and other sweepstakes casinos. Wallach estimates that there are over [--] active suits against the unregulated platforms. https://casinobeats.com/2025/10/30/drake-second-stakeus-lawsuit-new-mexico/ http://Stake.us https://casinobeats.com/2025/10/30/drake-second-stakeus-lawsuit-new-mexico/ http://Stake.us"  
[X Link](https://x.com/anyuser/status/1983907871458005149)  2025-10-30T14:44Z [----] followers, 122.9K engagements


"With Drake and Ross now named influencer liability is coming into sharper focus. Other celebrity deals already link Michael Phelps with Global Poker Paris Hilton with WOW Vegas and John Daly and Bruce Buffer with Modo Casino. These deals suggest more lawsuits may follow. Drake hit with lawsuit #2: This New Mexico case is the latest in a growing wave of lawsuits targeting https://t.co/ZWPLa9Xell and other sweepstakes casinos. Wallach estimates that there are over [--] active suits against the unregulated platforms. https://t.co/IM863397hh Drake hit with lawsuit #2: This New Mexico case is the"  
[X Link](https://x.com/anyuser/status/1983909599821390177)  2025-10-30T14:51Z [----] followers, [----] engagements


"@CFTC Good luck. "Kalshi has made a diligent search for an unconflicted gaming lawyer able to represent it in a Nevada enforcement proceeding but has not yet been able to engage such counsel. There is thus a risk Kalshi would have to proceed without an experienced gaming lawyer.""  
[X Link](https://x.com/anyuser/status/1985052257449103681)  2025-11-02T18:31Z [----] followers, 30.6K engagements


"NEW: Ohio files its response in opposition to Kalshi's motion for preliminary injunction and invoking the presumption against preemption asserts that Kalshi has failed to demonstrate Congress's "clear and manifest" purpose for the CEA to preempt Ohio's sports-gaming laws"  
[X Link](https://x.com/anyuser/status/1987020364178719099)  2025-11-08T04:52Z [----] followers, [----] engagements


"It was an honor to have Jason Barclay the CLO of @PrizePicks teach my sports betting law and regulation course today at @MiamiLawSchool. By the end of the class everyone (including me) understood the difference between a DCM and FCM"  
[X Link](https://x.com/anyuser/status/1989166808818155565)  2025-11-14T03:01Z [----] followers, [----] engagements


"NEW: Swish Analytics has sued rival oddsmakers Oddsjam and OpticOdds in San Francisco Superior Court alleging that they misappropriated Swishs proprietary sports betting odds information directly off its clients websites and sold access to that info causing $100m+ in damages"  
[X Link](https://x.com/WALLACHLEGAL/status/1872959870137450847)  2024-12-28T10:56Z [----] followers, 116.8K engagements


"JUST IN: New Hampshire becomes the 8th state to introduce an iGaming bill. SB [---] -- filed by Sen. Tim Lang Jr. -- would allow "no more than [--] and no less than [--] online gaming wagering platforms" tethered to state-licensed gaming facilities; 45% tax rate. https://legiscan.com/NH/bill/SB168/2025 https://legiscan.com/NH/bill/SB168/2025"  
[X Link](https://x.com/anyuser/status/1883172612450504868)  2025-01-25T15:18Z [----] followers, 17K engagements


"BREAKING: New York becomes the 5th state to propose a ban on sweepstakes casinos. SB [----] would prohibit certain persons" from "operating conducting or promoting" online sweepstakes casinos. Ban would extend to payment processors geolocation providers gaming content suppliers platform providers and media affiliates among others. Penalties include a fine of up to $100K for each violation loss of gaming license and permanent ineligibility for a gaming license. Notably the penalty provisions also apply to individual investors investment firms and board members (both inside and outside"  
[X Link](https://x.com/WALLACHLEGAL/status/1896984077313700081)  2025-03-04T18:00Z [----] followers, 29.9K engagements


"NEW: Sweepstakes casino giant VGW sued in Kentucky by group seeking 3X damages for all persons who lost $ on Chumba and Luckyland. Complaint highlights 1:1 ratio between USD and SCs and attaches prospectus indicating that VGW copied the Internet sweepstakes cafe business model"  
[X Link](https://x.com/WALLACHLEGAL/status/1897161736400331174)  2025-03-05T05:46Z [----] followers, [----] engagements


"NEW: Kalshi Susquehanna and Robinhood hit with lawsuits in Ohio Illinois Massachusetts and South Carolina for operating an illegal gambling enterprise under the guise of prediction markets. Plaintiffs seek the recovery of gambling losses for in-state residents"  
[X Link](https://x.com/WALLACHLEGAL/status/1933396422100914369)  2025-06-13T05:30Z [----] followers, 11.6K engagements


"Judge Gordon has flipped the script. His written decision in the Crytpo dot com case is a home run for Nevada and a setback for sports prediction markets. And it goes much further than expected. Here are the key "preliminary" findings: 1) Contracts based on the "outcomes" of sporting events do not qualify as "swaps." 2) "Swaps" depend on the "occurrence" or "non-occurrence" of an "event" (as per the CEA). The key word being "EVENT." 3) "Outcomes" are not "events." 4) "The ordinary meaning of 'event' in terms of sports would be the sporting event itself not who wins it." 5) "An ordinary"  
[X Link](https://x.com/WALLACHLEGAL/status/1978308157345562859)  2025-10-15T03:53Z [----] followers, 18K engagements


"BREAKING: Canadian rapper Drake and online influencer Adin Ross have been sued along with sweepstakes casino website for promoting illegal online gambling in Missouri. The class action seeks to hold Drake and Ross liable for class members' gambling losses. http://Stake.us http://Stake.us"  
[X Link](https://x.com/WALLACHLEGAL/status/1982959084878909554)  2025-10-27T23:54Z [----] followers, 728.6K engagements


""On one of the most-followed accounts in the world this kind of visibility elevates Stake far beyond the typical world wide web platformit becomes a centerpiece of Drakes brand ecosystem.""  
[X Link](https://x.com/WALLACHLEGAL/status/1982972822789255476)  2025-10-28T00:48Z [----] followers, [----] engagements


"BREAKING: Massachusetts federal court GRANTS the Commonwealth's motion to remand its lawsuit against Kalshi back to state court where the Commonwealth's previously-scheduled emergency motion for preliminary injunction (and a likely loss) awaits Kalshi. Order is not appealable"  
[X Link](https://x.com/WALLACHLEGAL/status/1983254197756707181)  2025-10-28T19:27Z [----] followers, 27.7K engagements


"Kalshi is focusing on the wrong area of legal specialization. It's not a "gaming lawyer" that's needed. Kalshi will need felony criminal defense counsel in Nevada. Potentially for its principals too. @CFTC Good luck. "Kalshi has made a diligent search for an unconflicted gaming lawyer able to represent it in a Nevada enforcement proceeding but has not yet been able to engage such counsel. There is thus a risk Kalshi would have to proceed without an experienced gaming lawyer." https://t.co/xN7ZoRtpjs @CFTC Good luck. "Kalshi has made a diligent search for an unconflicted gaming lawyer able to"  
[X Link](https://x.com/WALLACHLEGAL/status/1985064281281376257)  2025-11-02T19:19Z [----] followers, 10.3K engagements


"JUST IN: New York bill would severely curtail prediction markets by banning PMs on sporting events ban market makers require RG safeguards and raise minimum age to [--]. Would empower AG to impose $50K/violation and $1m/day civil penalties and obtain 2x disgorgement of profits"  
[X Link](https://x.com/WALLACHLEGAL/status/1986994585977909272)  2025-11-08T03:10Z [----] followers, 27.5K engagements

Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing