News Blog Archive

A federal judge has rejected a last-minute lawsuit that sought to stop UFC Freedom 250, a major mixed martial arts event scheduled to take place on the White House South Lawn. On Friday, U.S. District Judge Amit Mehta ruled that the people who filed the lawsuit did not show enough legal grounds to block the event, allowing it to continue as planned. The Lawsuit, and Why It Failed Two Virg...

Federal regulators have taken their first major step toward regulating prediction markets. On June 10, 2026, the Commodity Futures Trading Commission (CFTC) released a proposed rule that would ban contracts tied to terrorism, assassinations, and war. The proposal is the agency’s first formal effort to create clear rules for the growing prediction markets industry, which allows people to trad...

North Carolina's sports betting market continues its remarkable run, with bettors wagering more than $561 million in May 2026, marking the ninth straight month the state has surpassed the $500 million threshold. The milestone arrives as state budget negotiators have quietly agreed to hike the tax rate on licensed operators from 18% to 23%, a move that has drawn sharp pushback from the indust...

A lawsuit from the Public Integrity Project is putting one of Dana White's biggest UFC projects in danger. The legal challenge could affect the UFC event tied to the White House and may force changes before Sunday's scheduled fights. Fans and sports bettors are now watching closely to see what happens next. A Passion Project Under Fire, and What It Means for Sunday’s Card The White Hou...

Yellow-card betting is drawing increased attention ahead of the 2026 World Cup. Because players or referees can influence yellow cards without affecting the final result, regulators view these bets as a potential integrity risk. Sportsbooks may limit or remove some card-related betting options during what is expected to be a record-setting tournament. Why Card Props Create Unique Manipula...

Texas Tech quarterback Brendan Sorsby won a temporary court ruling that allows him to play during the 2026 football season. The decision came after the NCAA punished him for placing bets on Texas Tech games. According to reports, Sorsby will miss two games, but can return afterward. The ruling is important because a starting quarterback can have a major effect on a team's success and on spor...

Federal prosecutors have expanded their case against Miami Heat guard Terry Rozier by filing new criminal charges. According to a superseding indictment, prosecutors accuse Rozier of accepting money to leave a Charlotte Hornets game early in March 2023. They claim this allowed other people involved in the plan to win large sports bets tied to his performance. The case has drawn attention bec...

The Southeastern Conference (SEC) is taking new steps to address the growing popularity of sports betting among college athletes. SEC Commissioner Greg Sankey announced Wednesday during the conference’s spring meetings in Florida that all student-athletes will be required to complete a sports betting education video before their first regular season game in 2026-27. The decision comes as spo...

The countdown to the 2026 FIFA World Cup is on, and there’s no better way to experience every upset, breakout star, and unforgettable moment than by putting your soccer knowledge to the test in The Sports Geek’s free World Cup Pick’em Contest. With the tournament returning to North America this summer, fans across the United States and Canada now have a chance to compete for bragging rights, a...

A Nevada congresswoman criticized the CFTC for regulating prediction markets tied to sports and other events. He argued the agency should focus on commodities instead of betting-style contracts. The debate could reshape how Americans place wagers, with Nevada leaders supporting state control while federal regulators claim authority over prediction markets. Nevada's Defense of State Gaming...

Rhode Island Attorney General Peter Neronha has filed a lawsuit against Polymarket and Kalshi, two of the world’s biggest online prediction market platforms. The lawsuit claims the companies are running unregulated sports betting operations in Rhode Island. The 32-page complaint was filed on May 21 in Providence County Superior Court. It argues that the companies’ “event contracts” are reall...

Jake Paul’s gaming company, Betr, has bought Ascent Capital Management Inc. The deal gives Betr approval to operate in the prediction markets industry under federal rules. In May 2026, the company also announced a partnership with Polymarket to bring prediction markets directly into the Betr app. The Deal That Opens the Door to Prediction Markets Betr’s purchase of Ascent Capital Manageme...

Congress is increasing pressure on the growing prediction markets industry. On May 22, House Oversight and Government Reform Committee Chairman James Comer announced investigations into possible insider trading involving prediction market platforms Kalshi and Polymarket. Comer revealed the investigations during an appearance on CNBC’s “Squawk Box.” The probe focuses on suspicious trades conn...

Prediction market companies Kalshi and Polymarket are facing criticism over ads that lawmakers say may appeal to teenagers. Senators introduced new legislation targeting gambling ads aimed at minors, while a Senate hearing examined social media’s role in exposing young people to gambling content. One industry leader compared the companies’ marketing tactics to Juul. The Advertising Contro...

Prediction market companies faced tough questions from lawmakers Wednesday during a Senate Commerce Committee hearing about sports betting, gambling addiction, and state gaming laws. Senators from both parties criticized companies like Kalshi and Crypto.com over concerns about youth marketing, cheating in sports, and competition with state-regulated sportsbooks and tribal casinos. Concern...