Paramount, States Defend Antitrust Deal; Prediction Market Faces Gambling Law Scrutiny

Paramount and a group of 12 state attorneys general have formally defended their antitrust settlement against criticisms lodged by Senator Cory Booker. In separate filings, they argued that the negotiated deal possesses significant enforcement capabilities and should not undergo an additional independent public interest review. This defense comes as the settlement faces scrutiny over its effectiveness and scope.

Meanwhile, the prediction market platform Kalshi has again faced legal setbacks, with judges ruling that such markets must adhere to existing gambling laws. This ongoing legal battle suggests that Kalshi's defiance of state gambling regulations may escalate to the Supreme Court, highlighting a growing tension between novel financial platforms and established legal frameworks governing chance-based activities.