Category: court

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Maryland courts were silent on event contracts and prediction markets today.

Today, neither the Supreme Court of Maryland, the U.S. District Court-District of Maryland, or the U.S. Court of Appeals-Fourth Circuit Court issued a ruling regarding artificial intelligence, event contracts, or prediction markets. The U.S. Supreme Court, which recently began its 2026-2027 session, did not issue any orders regarding artificial intelligence, event contracts, or prediction markets. … Continue reading Maryland courts were silent on event contracts and prediction markets today.

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A little market action on an otherwise quiet holiday.

It was Columbus Day here in the United States. Federal government offices, the post office, and most bank branches were closed to commemorate the landing of Christopher Columbus on the island of San Salvador in The Bahamas. The prediction markets in the United States were not closed. While we are three weeks away from mid-term … Continue reading A little market action on an otherwise quiet holiday.

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Should states have jurisdiction over sports event or gambling contracts formed in their states?

I reviewed Maryland state and federal court findings and rulings for 3 September 2026 on event contracts and prediction markets. Nothing stood out to me except for the possibility that the U.S. Supreme Court may address the question whether prediction markets could extract taxes from the States and transfer them to the federal governments. The … Continue reading Should states have jurisdiction over sports event or gambling contracts formed in their states?

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The attorney’s role in a political economy goes beyond chasing ambulances ….

Watching a television commercial featuring an attorney claiming how much money he can win for you in a personal injury suit or seeing a billboard featuring extravagantly dressed attorneys standing in front of a Rolls Royce is enough to give consumers the impression that attorneys are nothing but ambulance chasers. I can see why the … Continue reading The attorney’s role in a political economy goes beyond chasing ambulances ….