A Jan. 6 ruling by a federal district court in Michigan granted summary judgment and permanent injunction in favor of TwinSpires against the Michigan Gaming Control Board’s attempt to prevent the gambling platform from taking bets made by state residents on out-of-state horse racing events. The ruling matches a preliminary injunction issued against MGCB by […]
The United States Sixth Circuit Court of Appeals sided with TwinSpires in a legal dispute over whether the state of Michigan could regulate online horse racing betting with rules that conflict with the Interstate Horseracing Act. The ruling upheld a federal district court preliminary injunction against the Michigan Gaming Control Board to enforce a state […]
In the two weeks since the last Dollars & Sense column about prediction markets and other unlicensed outlets that accept horse racing bets, stories about prediction markets suddenly seem to be popping up everywhere. Granted, that buzz probably isn’t all trace to that column. But 60 minutes jumped in with a story about prediction markets, […]