News Blog - Page 3 of 15

The Arizona Cardinals front office executive Ryan Gold has been suspended after the NFL found the official violated the league's gambling policy and leaked confidential draft information. The punishment is another example of the NFL cracking down on gambling-related misconduct as regulated sports betting continues to grow across the United States. The league has increased its focus on protec...

Pennsylvania lawmakers and regulators are facing a difficult decision. Should they act quickly to reduce problem gambling, even if it means collecting less tax revenue? Or, should they protect the money gambling brings into the state, even if stronger safeguards take longer to put in place? A new report says this is one of the biggest challenges facing Pennsylvania's gambling industry. It al...

A legal battle between Michigan and the CFTC over Kalshi is escalating after federal regulators blocked the company from canceling completed sports contracts. The case could determine whether states or the federal government have authority over prediction markets. Michigan Court Fires the First Shot The legal fight started when Michigan Attorney General Dana Nessel sued Kalshi. The sta...

Pennsylvania lawmakers have left Harrisburg for the summer without deciding the future of skill game machines. That leaves thousands of bars, veterans' organizations, convenience stores, and other small businesses facing uncertainty. The Pennsylvania Supreme Court has set an October 13 deadline. If lawmakers do not pass a law before then, skill games will become forbidden. State Police are a...

English golfer Matt Fitzpatrick is sounding the alarm on a troubling trend sweeping professional golf: fans abusing players, both in person and online, because of lost bets. Speaking ahead of The Open Championship at Royal Birkdale, Fitzpatrick described the behavior as "ridiculous" and warned it is "becoming a problem" that could start affecting tournament outcomes. A Problem Golf Can No...

Philadelphia Phillies star Bryce Harper says FanDuel used a personalized Cameo video he recorded without his knowledge or permission. The video was reportedly given to a VIP customer who claims he lost more than $1.5 million through gambling. Harper shared his response on Instagram before MLB All-Star festivities. He said FanDuel violated his trust by turning a personal fan message into a ga...

A federal judge in Manhattan has ruled that New York can continue enforcing its gambling laws against prediction market platform Kalshi. The decision is a major setback for the company and adds to the growing legal fight over who should regulate prediction markets. U.S. District Judge Analisa Torres ruled that the federal Commodity Exchange Act does not override New York's gambling laws for ...

Britain's gambling regulator is introducing new financial checks for people who spend large amounts gambling online. Supporters say the rules could help protect people from serious financial harm. Critics argue they go too far and could push bettors toward unregulated gambling websites. The new policy has already sparked debate in the UK, and it could influence future gambling rules in the U...

North Carolina could soon make history. A new section in the state's budget bill would make it the first state to officially allow prediction market companies to operate and pay taxes. The proposal passed both chambers of the legislature in just two days and is now waiting for Gov. Josh Stein to decide whether to sign it into law. What the Budget Proposal Would Do, and Lower Tax Rate Rais...

Ohio sports bettors could face the nation's most restrictive betting environment under a new legislative proposal. State lawmakers have introduced a bill that would eliminate online wagering entirely and ban most popular bet types. The measure would prohibit college sports betting, parlays, player props, and live betting. Only retail sportsbooks would remain regulated if the bill passes. Th...

A Michigan judge has temporarily blocked Kalshi from offering sports-related event contracts to residents in the state. The order came after Michigan regulators argued that these contracts function as sports betting without proper state licensing. The ruling marks a significant development in the ongoing debate over whether prediction markets fall under federal or state oversight. For sport...

A federal grand jury has indicted former NBA players Malik Beasley and Ed Davis in a major sports gambling case. Prosecutors say Beasley intentionally changed his performance during several Milwaukee Bucks games in 2024 so Davis and others could win player-prop bets. The indictment, unsealed on June 29, names six defendants. It is the latest development in one of the biggest sports betting i...

Meta CEO Mark Zuckerberg has reportedly told company leaders to explore possible partnerships with prediction market companies Polymarket and Kalshi. At the same time, Meta is building its own prediction markets app, called Arena. According to reports, Zuckerberg has made the project a top priority. If Meta enters this market, it could bring prediction-style games to millions of users. Zu...

A House committee approved a bill on Wednesday that would stop members of Congress and their immediate family from trading on political prediction markets. Supporters say the bill would help prevent conflicts of interest, but Democrats argue it does not go far enough. What the Bill Would Do HR 9367 was introduced by House Administration Committee Chair Bryan Steil (R-Wis.). It would s...

Caesars Entertainment has announced a new partnership with three Wabanaki nations to bring online casino gaming to Maine. The deal expands the company's current sports betting business, which launched in the state in 2023. The partnership was announced on June 25. If state regulators approve the final rules, Caesars hopes to launch its online casino platform sometime in 2026. Building on ...