News Blog - Page 3 of 18

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 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...

A bill that would reverse a controversial gambling tax change has cleared an important hurdle. Nevada Rep. Dina Titus announced Wednesday that her FAIR BET Act passed out of committee. The measure is now one step closer to a full House vote. The bill would reverse a provision included in last year's reconciliation package that reduced the federal gambling loss deduction from 100% to 90%. ...

The Texas Senate Committee on State Affairs met on September 15 to discuss whether prediction markets like Kalshi should be considered unregulated gambling under state law. The American Gaming Association (AGA) wants Texas to apply its current gambling laws to these platforms. Lawmakers are also looking at how prediction markets could affect the integrity of elections and sports. At the c...

Five of America's biggest professional sports leagues and their players' unions are calling on state gaming regulators to permanently ban bettors who harass or threaten athletes. The joint letter, sent Tuesday, is one of the strongest coordinated efforts yet from major sports leagues to address harassment connected to the growth of regulated sports betting. A United Front Against Bettor H...

Missouri’s commercial casinos generated $171.4 million in gaming revenue in August, a 3.5% drop from the same month last year, according to figures from the Missouri Gaming Commission. The decline was mainly caused by a sharp drop in table game revenue. Slot machines performed much better and helped limit the overall decline. Four of Missouri’s 13 casinos posted year-over-year gains, but sev...

Connecticut regulators have taken major action against the prediction market industry, sending cease-and-desist orders to nine companies. The list includes Polymarket, Robinhood, and Coinbase. State officials claim these platforms are offering sports betting without proper Connecticut authority, escalating the ongoing battle over how prediction markets should be regulated nationwide. The ...

Missouri's sports betting market generated more tax revenue in July, even as bettors wagered less money during the month. The difference between betting handle and tax collections offers an interesting look at Missouri's young sports betting market. While betting activity slowed, the state still collected more revenue. Regulators and sportsbook operators will be watching this trend as the ma...

Colorado's sports betting market has produced an unexpected trend. According to Colorado Public Radio, bettors in the state are now wagering nearly $1 million on table tennis every day. At the same time, Colorado's overall sports betting handle reached roughly $6.5 billion for the fiscal year ending in June 2026. That was a 2.3% increase from the previous year. The numbers show how online...

NFL betting habits are changing fast. A new report shows live wagering has become a major part of the game, even for bettors who prefer pre-game bets. With players using multiple sportsbooks and demanding better apps, operators face growing pressure to improve the experience and keep customers coming back. Stated Preferences Don't Tell the Whole Story Pre-game betting remains the most ...

The NCAA has closed its investigation into the University of Cincinnati and cleared the school of wrongdoing in the gambling case involving former quarterback Brendan Sorsby. NCAA staff found that Cincinnati fully cooperated with the investigation. Sorsby, who was ruled permanently ineligible in April, still faces a separate federal lawsuit from his former school. Cincinnati Gets the All-...

The Massachusetts Gaming Commission (MGC) is reviewing sports media personality Bill Simmons after he admitted to having his daughter's boyfriend place FanDuel bets for him. Simmons lives in California, where regulated sports betting is not available. He discussed the arrangement on his podcast, leading FanDuel to void the wagers and Massachusetts regulators to review the situation. What ...

A new survey of nearly 100 Division I men’s basketball coaches has revealed a serious concern within the sport. More than one in four coaches said they had strongly suspected, or known, that a player on their roster was compromised by gambling. The Numbers Behind the Concern CBS Sports published the findings as college basketball continues to deal with gambling scandals involving seve...

Fanatics Sportsbook has been fined by Colorado regulators after sending marketing materials to a bettor enrolled in the state’s self-exclusion program. The penalty highlights the growing focus on responsible gambling rules in the US. As regulated sports betting expands, regulators are paying closer attention to how sportsbooks protect customers who choose to stop gambling. The Violation: ...

European football governing body UEFA is pursuing criminal proceedings against FIFA President Gianni Infantino in Switzerland over a failed plan to bring private investors into some of FIFA's biggest competitions. UEFA has accused Infantino of “criminal mismanagement” connected to the abandoned FIFA Forward Enterprise (FFE) proposal. The plan involved selling private investors a financial in...