Polymarket purchases QCEX for $112 million Polymarket was banned from the U.S. in 2022 Purchase sets up the prediction market platform to re-enter the U.S. market On Monday, Polymarket purchased QCEX in a bid to re-enter the U.S. market after previously being banned in 2022 for operating without a license under the Commodity Futures Trading Commission (CFTC). The purchase of holding...

Donald Trump’s One Big Beautiful Bill was approved and signed into law New tax deductions on losses will negatively impact bettors Nevada will introduce the FAIR BET Act to restore previous deduction limits U.S. President Donald Trump signed into law the One Big Beautiful Bill (OBBB) on July 4. The bill includes numerous increases and decreases for federal spending over the next four y...

Maine online casino bill approved but awaits approval from governor Bill LD 1164 would give rights to state’s four tribes Decision to be made within 10 days Maine took a big step forward this week as they voted in favor of a Maine online casino bill that would legalize online gaming through the state’s four tribes. Earlier this month, bill LD 1164 was re-visited during a special leg...

Polymarket to serve as the official prediction market partner to X. X to bring data, technologies, and social insights to Polymarket users. Predictions markets continue to grow in sports, political, and pop culture markets The sports predictions markets continue to grow. Recently, Elon Musk’s social media platform X, formerly Twitter, partnered with Polymarket, a crypto-powered predict...

Maine considers Bill LD1164 for legal online casino gaming  Wabanaki Nations tribes would control online casino gaming Tax revenues for 2025-26 could reach $1.8 million Maine online casino gaming saw progress with the latest bill passed through the Veterans Affairs Committee this week by a vote of 8-5. LD1164 was introduced earlier this year in March, but was tabled in April. I...

New bill looks to legalize iGaming in Ohio  11 casinos and racinos could participate in offering Ohio online gaming Bill would also ban online sweepstakes operators Ohio legislators recently introduced a new bill that would allow for legal Ohio iGaming by March 31, 2026. House Bill 298 would allow existing brick-and-mortar casinos to launch games like online slots, table games, and pok...

Sports betting to launch during NFL season on December 1 21 sports betting licenses to be awarded 2 online–only licenses available The Missouri Gaming Commission (MGC) has confirmed the launch of legal Missouri sports betting for later this year. Sports bettors in the Show-Me State will be able to place bets on their favorite teams starting on December 1, 2025.  Applications ha...

$72 billion in gaming revenues reported for 2024 Local and state governments receive over $15 billion  Fourth straight year of growth in gaming revenues The US commercial gaming industry had a banner year in 2024 setting records with $72 billion of revenue.  As shared by the American Gaming Association’s (AGA) State of the States recent report, commercial gaming revenues were 7.5% h...

NCAA considers lifting ban on pro sports betting Betting on college sports to remain prohibited NCAA to share stats and insights with licensed sportsbooks A big change could be on the way with the NCAA’s sports betting policy on allowing student-athletes to bet on sports. A potential rule change is in the works that would allow student-athletes, coaches, and staff members to be able to...

Alberta legislators vote to approve iGaming Alberta Act Bill 48 passes with no amendments Privatized Alberta sports betting could launch early 2026 This week, the iGaming Alberta Act passed its third reading in legislature leaving it one step away from being signed into law. The final step to make the bill a reality is for Royal Assent, the formal approval by Lieutenant Governor Salma ...

House Bill 1308 would have allowed legal sports betting and fantasy sports in Hawaii Details fail to be finalized prior to May 2 legislative close Sports betting study group approved for Hawaii Legalized Hawaii sports betting came up short this week as House Bill 1308 failed to gain final approval before the end of the current legislative session.  Last month, the prospects of ...

Trading exchange Kalshi accepts over $4 million of contracts on Canada’s Election  Other popular events allow customers to predict the next Pope Kalshi in legal battle with multiple states over sports event contracts The Canadian Election was held earlier this week and many people put their predictions to the test by using trading exchange platform Kalshi, which saw approximately $4.5 ...

New York Assembly Committee hears bill to adjust sports betting rules Daily deposits and wagers could be capped to $5,000 Advertisements to be limited and a ban on a use of the term “bonus” Major changes to New York sports betting laws have been proposed by Assemblymember Robert Carroll who has called for stricter deposit, wagering and advertising regulations. Through Assembly Bill ...

US District Court rules in favor of Kalshi in Nevada Tennessee latest state to oppose sports event contracts Nine states have opposed sports event contracts This week, financial exchange company Kalshi, was granted a motion for a preliminary injunction against the District of Nevada in regards to their offering of sports event contracts. The outcome allows Kalshi to continue to operat...

Kansas budget bill blocks regulators from renewing sportsbook licenses Licenses are set to expire in 2027 Current Kansas sportsbooks include ESPN BET, DraftKings, FanDuel, Caesars Sportsbook, BetMGM and Fanatics Last week Kansas lawmakers in the House of Representatives voted on a budget provision that blocks the Kansas Lottery from extending sportsbook licenses for the state’s six act...

NHL’s Ottawa Senators sign new online casino partnership ToonieBet partners with Senators for enhanced fan experiences The Ottawa Senators are heading back to the Stanley Cup Playoffs for the first time in eight seasons This week the Ottawa Senators announced a new online casino partnership with ToonieBet. The announcement comes just in time as the Senators return to the Stanley Cup Pl...