News Blog Archive
We cover the latest gambling news, including regulation developments in the US around online sports betting, poker, and casino games. Our writers follow the gambling industry closely, providing news on legislation plans in different states, important business deals, innovations, and more.
Featured Article
News Featured Article
Do you have what it takes to Beat The Geek and win some cool prizes? Test your football knowledge in Beat the Geek’s free NFL Pick’em contest that's open for Week 1 picks. The Geek…
Read More → Kalshi Draws $244,251K on Women's T20 Match, Spurring Melbourne Talks
Kalshi took more than A$350,000 ($244,251 USD) Monday on a women's T20 Spring Challenge match at Blacktown watched by a few dozen spectators. Unusually high wagering volume like that, on platforms that aren't regulated in Australia, is prompting legal experts and law enforcement to meet in Melbourne this week.
For US bettors, the story previews the integrity, prop-market and regulatory figh...
Ronald Acuña Jr. Becomes First MLB Player to Partner With Kalshi
Atlanta Braves outfielder Ronald Acuña Jr. has become the first MLB player to partner with prediction-market operator Kalshi. The Acuña Kalshi deal went public through a commercial that aired during Game 4 of the NLDS between the Braves and Dodgers.
Financial terms were not disclosed, but the partnership will likely draw extra scrutiny given baseball's gambling history.
Acuña's Kalshi Ad...
Coinbase Agrees to Halt Sports Event Contracts in Michigan
Coinbase has agreed to stop offering sports-related event contracts to Michigan customers, the Michigan Gaming Control Board (MGCB) announced on October 7, 2026. Under the deal, Coinbase Financial Markets, Inc. must stop selling new sports contracts and close any open customer positions by 12:00 a.m. ET on Saturday, October 10.
The move puts Coinbase alongside Kalshi and Robinhood, which ha...
DraftKings Upgraded to Buy by Bank of America as Shares Surge
Bank of America analysts upgraded DraftKings stock from "neutral" to "buy" on Monday, October 5, and shares jumped more than 8% on the day. The call follows a slide of more than 40% in 2026, according to The Daily Upside.
It also lands in the middle of the industry's biggest debate: whether prediction markets will pull US bettors away from traditional sportsbooks.
Bank of America Moves D...
Ohio Regulator Orders 10 Prediction Markets to Halt Sports Contracts
Ohio's gaming regulator has told 10 prediction market operators to stop offering sports event contracts in the state. The Ohio Casino Control Commission (OCCC) sent cease-and-desist letters dated October 2 to companies including Polymarket, Robinhood, Coinbase and Underdog.
Each has until October 16 to confirm compliance in writing or face possible fines. The letters land one week after the...
Fanatics Eyes $1 Billion Sportsbook Ad Budget for 2027
Fanatics is preparing to outspend its way into the top tier of US sports betting. CEO Michael Rubin told Bloomberg the company could put as much as $1 billion into sportsbook advertising in 2027. That would be nearly three times the roughly $350 million it expects to spend this year.
The goal is to close the gap on DraftKings and FanDuel, which control most of the regulated US sportsbook ma...
DraftKings Stock Hits Three-Year Low Amid Industry Selloff
DraftKings stock fell to its lowest level in more than three years this week, closing Wednesday at $19 before dipping as low as $18.58 on Thursday.
The slide reflects disappointing earnings, mounting competition from prediction markets, and growing scrutiny of the sportsbook's gambling practices.
A Rough Stretch for Sportsbook Stocks
DraftKings shares have lost roughly half their valu...
DraftKings CEO Jason Robins Defends Responsible Gaming Record
DraftKings CEO Jason Robins pushed back on Tuesday against recent media scrutiny of his company's responsible gaming practices, calling it frustrating that critics assume the sportsbook profits from encouraging harmful betting.
Speaking at SBC Summit in Lisbon, Portugal, Robins' comments followed stories from The New York Times on DraftKings' use of AI and ProPublica on its handling of prob...
6th Circuit Rules Against Kalshi, Deepening Federal Split Could Go to Supreme Court
A federal appeals court handed Kalshi a major setback on Friday. The court ruled that sports event contracts do not qualify as federally regulated swaps and that states such as Tennessee and Ohio can enforce their gambling laws against prediction market operators.
The decision adds to a growing disagreement among federal courts and could increase the chances that the U.S. Supreme Court event...
Brazil Bans Online Betting Less Than Two Years After Regulation
Brazil has abruptly pulled the plug on its online betting market. President Luiz Inácio Lula da Silva signed Provisional Measure No. 1.394 on September 25, 2026, and it took effect the same day on publication.
The move dismantles a regulated industry that only opened for business at the start of 2025.
What the New Measure Does
The measure bans the operation, offer, intermediation, and...
Entain Slashes 2026 Revenue Forecast After Brazil Bans Online Betting
Entain, the British gambling company behind Ladbrokes and BetMGM, has lowered its growth forecast for 2026 after Brazil moved to ban online sports betting and casino gaming.
The company now expects online net gaming revenue to grow by just 4% to 6%. Entain blamed Brazil’s regulatory change for the lower outlook.
The company also expects earnings before interest, taxes, depreciation, and a...
Massachusetts Gaming Commission Investigates DraftKings' AI-Driven Promotional Targeting
The Massachusetts Gaming Commission (MGC) has opened an investigation into how DraftKings and other regulated sportsbooks use artificial intelligence to target bettors with promotions.
The investigation follows a New York Times report alleging DraftKings used machine learning to identify customers who were more likely to continue betting and losing after receiving promotional offers.
MGC ...
G2E 2026 Adds Prediction Markets Panel to Main Stage Lineup
The Global Gaming Expo (G2E) 2026 has officially added a prediction markets panel to its main stage lineup. The move puts one of the biggest debates in US gambling regulation in the spotlight at the industry's leading annual conference.
G2E 2026 is scheduled to take place later this year in Las Vegas.
Prediction Markets Take Center Stage
G2E's decision to feature prediction markets on ...
Missouri AG Sends Cease-and-Desist Letters to Six Prediction Market Operators
Missouri Attorney General Catherine Hanaway has ordered six prediction market companies to stop offering sports event contracts to Missouri residents.
The cease-and-desist letters were sent to Polymarket, Kalshi, Crypto.com, Novig, Underdog, and Robinhood. Hanaway’s office argues that the companies are offering unregulated sports wagering in the state.
The AG’s office says calling these p...
Federal Prosecutors Identify 18 Pitches at Center of Clase-Ortiz MLB Pitch-Fixing Trial
Federal prosecutors have identified 18 pitches they claim Cleveland Guardians closer Emmanuel Clase tipped to bettors over three MLB seasons. One of those pitches came during the 2024 playoffs.
Court documents obtained by ESPN's David Purdum show that the U.S. Attorney's Office for the Eastern District of New York is focusing on a specific group of pitches. The details provide a clearer look...
