New York Attorney General Letitia James cautions consumers against using unregulated prediction markets ahead of Super Bowl 60. She highlights the lack of consumer protections on these platforms, while companies like Kalshi assert they are regulated by the CFTC. Concerns include insider trading and the overall integrity of these betting markets.

Portugal's gambling regulator has ordered Polymarket to cease operations, declaring the platform illegal due to a surge in election-related betting. Over €4 million was wagered on presidential markets before results were announced, raising concerns about potential misuse of non-public information. The platform has 48 hours to comply, or regulators will implement network-level blocking.

The UK Gambling Commission's Tim Miller accused Meta of failing to proactively identify and remove ads for illegal gambling sites. He argued that Meta's claims of needing user reports to address these ads are false, highlighting the company's searchable ad library as evidence of its complicity in the issue. Miller urged for collaboration among regulators and industry players to combat illegal gambling effectively.