News Blog - Page 6 of 18

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 ...

The 2026 FIFA World Cup is expected to be the biggest sports betting event in US history. Sportsbooks including BetMGM, DraftKings, and FanDuel are competing with prediction market platforms Kalshi and Polymarket for new customers. With the tournament in North America, operators hope to attract first-time bettors. Sportsbooks Turn to Soccer Stars To stand out from competitors, sportsbo...

Vegas Golden Knights owner Bill Foley has officially joined the race to bring an NBA team to Las Vegas. According to reports, Foley has launched a bid for an NBA expansion franchise, adding another major step in the city’s rise as a professional sports destination. Foley helped build the Golden Knights into one of the NHL’s top teams and now hopes to do the same in basketball. As Las Vegas c...

Las Vegas has become one of the top places in the United States to watch and bet on the tournament.Major casino companies have developed plans that include large viewing areas, themed pool parties, and expanded sportsbook options. Their goal is to turn the month-long event into a complete entertainment experience for visitors. For sports bettors, this means more than simply watching soccer m...

A coalition of gaming groups, tribal nations, and labor unions is urging the Senate to block prediction market platforms from offering sports and casino-style contracts. In a June 16 letter, the groups asked lawmakers to add language to the Digital Asset Market Clarity Act, arguing the platforms expand gambling without following state regulations. A Unified Front Across a Divided Industry...

Ivory Coast striker Elye Wahi has been barred from entering Canada for his team's World Cup match against Germany after being arrested in France as part of a match-fixing investigation. Authorities are examining allegations that he intentionally received a yellow card during a league match. Wahi has not been charged as of June 19, but the investigation continues. The Arrest and the Allega...

A recent Fox Sports clip showed a perfect example of how VAR can affect sports betting. Lionel Messi appeared to score a goal, but after a video review, officials ruled him offside and canceled the goal. For bettors, that one decision changed everything. Bets on total goals, correct score predictions, and same-game parlays were impacted instantly. The moment showed how soccer betting can be ...