News Blog - Page 9 of 18

Colorado lawmakers are advancing a bill that could change how sportsbooks operate. Nearing a House vote, it would limit advertising and add rules on deposits and betting. For bettors, this could mean fewer promotions and more steps to fund accounts. Lawmakers say the goal is to reduce harm by cutting aggressive ads and easy access to betting. What the Bill Would Change A CBS News repo...

Texas Tech quarterback Brendan Sorsby is reportedly entering treatment for gambling addiction after placing thousands of bets that violate NCAA rules. Because of this, he could lose his ability to play. The situation raises concerns about sportsbook protections and could lead to stricter rules on age checks, responsible gambling, and enforcement. NCAA Gambling Rules and Potential Conseque...

The prediction market industry is facing growing pressure from federal regulators, state officials, and a series of insider trading scandals. These issues are raising serious concerns about the industry’s credibility at a critical time. Recent cases, including a U.S. Army soldier making hundreds of thousands of dollars and politicians betting on their own elections, are adding urgency to cal...

The Department of Justice arrested a U.S. soldier accused of using non-public information to win about $400,000 through betting on the raid of Venezuelan president Nicolás Maduro. The case raises concerns about data security in relation to gambling and could lead to stricter sportsbook monitoring, tighter betting limits, and more frequent account reviews to prevent similar insider schemes. ...

Oklahoma lawmakers again rejected legal sports betting, as the Senate voted down HB 1047 for a second time. The bill would have allowed online and in-person betting through tribal casinos and generated up to $20 million annually. Disputes over control and safety concerns stalled progress, leaving residents to bet offshore or out of state. Disagreements Over Tribal Control The main iss...

New York Attorney General Letitia James is suing Coinbase and Gemini, accusing them of running illegal gambling operations. The state says their prediction markets, where users bet on events like sports and elections, lack proper licenses. Officials want these services shut down unless approved, and the case could impact similar platforms nationwide. New York AG Says Prediction Markets Ar...

Minnesota lawmakers are again pushing to legalize mobile sports betting with a new bill giving tribal casinos exclusive control. The plan blocks major companies and follows past failed efforts. If approved, residents could bet statewide, but options may be limited since only tribal operators would run the apps. Tribal Framework Emerges as Most Viable Path Minnesota has had a hard time ...

An investigation found FanDuel Canada users are confused about single-sport betting rules change by location. Many receive no clear warnings, leading to disputes, refund requests, and frustration. Similar issues exist in the United States, where differing regional laws create inconsistent experiences and can damage company reputations and attract regulatory attention. How Geolocation and ...

Nevada is taking strong action against online prediction markets, banning one company and pushing another to leave the state. These moves show that regulators in the country’s gambling capital are not ready to allow these platforms to operate freely. Prediction markets let people bet on the outcome of real-world events, like sports games. Some companies say these are financial tools, not gam...

DraftKings has announced plans to expand into Alberta, Canada, offering both online sports betting and casino games. The company shared this news with investors. This is another step in DraftKings’ plan to grow across North America as more places allow legal online gambling. For US bettors and industry watchers, this move is important. It shows how big companies test new ideas and features i...

Kalshi has filed a lawsuit against the state of Montana after regulators ordered the company to stop operating there for the second time. This conflict highlights a larger debate about how prediction markets should be regulated. Montana officials believe Kalshi is offering products similar to sports betting without proper licenses. Kalshi disagrees, saying its services are part of a federally a...

Wisconsin has officially joined the growing number of states that allow online sports betting. Governor Tony Evers signed new legislation this week, making mobile wagering legal across the state. The bill passed with bipartisan support, reflecting a broader national shift toward accepting regulated sports betting. Even though the law is now in place, residents will not be able to place bets ...

A new data analysis suggests that most people using Polymarket, a cryptocurrency-based prediction platform, are losing money. According to a study shared on Reddit, about 84% of users are not profitable. Out of roughly 2.5 million wallets studied, only a small group of users consistently made money. The findings show a clear pattern: while a few traders earn profits, most users end up losing...

A Nevada judge has ruled that prediction market company Kalshi cannot offer its services in the state without a proper gaming license. This decision is a major setback for Kalshi, which is already facing legal challenges across the United States. Nevada’s Decision and Kalshi’s Argument Judge Jason Woodbury ruled that Kalshi’s products are basically the same as sports betting. He said that...

The iconic online gambling platform Bodog is transforming into a media site focused on the gambling industry. This announcement comes shortly after Bodog's recent transition of rebranding their betting operations as Ozoon for Canadian players. According to Bodog's updated About Us page, the brand is now a media platform covering topics related to casinos, sports betting, wellness, travel, and ...