Zachary Kelley 
TRENTON, N.J. – New Jersey wants to profit off of sports bettors and consumers when they host eight FIFA World Cup games this summer. Representative Michael Venezia’s Assembly Bill 4838 would temporarily increase the state’s 19.79% legal sports betting tax rate by 10% for the … Read more
NEW YORK – Kalshi claims to not be a sportsbook and doesn’t offer “betting”, instead offering contracts. However, when it’s time to compare their profitability to other financial exchanges, they measure up against legal sports betting sites and stock day trading based on bogus data … Read more
NEW YORK – While sports leagues want to regulated prediction markets and monetize them, their own players are seeking protection from them. A comment period for the Commodity Futures Trading Commission (CFTC) exposed the internal contradiction between leagues like the NFL, NBA, and MLB and … Read more
OMAHA, Neb.– Multi-billionaire investor and philanthropist Warren Buffett is against sports betting and other “things that make a sucker out of people.” Buffett made his opinion clear in a recent interview with CNBC, stating that legal sports betting is “a tax on stupidity” while the … Read more
PITTSBURGH – The MLB Apple TV games on Friday night provides some valuable betting opportunities, starting with the Pittsburgh Pirates as -135 favorites over the Cincinnati Reds. Cincinnati has won seven of their last 10 games and has +115 legal sports betting odds to maintain … Read more
HOLLYWOOD, Fla. – Players are the product when it comes to sports betting, and the MLB Players Association naming Hard Rock Bet as an officially licensed sportsbook partner proves that idea. The MLBPA’s role is to protect the players, but does this partnership protect the … Read more
BRONX, N.Y. – What are the legal and ethical implications of agreeing to throw a game but then not doing it? Based on Fordham basketball player Elijah Gray’s comments, that’s exactly what happened. Gray, alongside teammate Will Richardson, were approached by a known bettor and … Read more
COLUMBUS, Ohio – Ohio’s prediction market bill signals a new way for states to combat the prediction market infestation. Senate Bill 430 establishes a licensing and regulation framework that would make prediction market companies pay taxes like Ohio sports betting sites do. Ohio has proven … Read more
MADISON, Wisc. – The Commodity Futures Trading Commission (CFTC) is suing Wisconsin in response to the state’s lawsuit against prediction market companies. Wisconsin’s lawsuit alleges that Kalshi and other prediction market apps “facilitate illegal sports betting”, but the federal government claims that the CFTC has … Read more
JEFFERSON CITY, Mo. – Committee Chairman Jeff Myers said that the sports betting portion of HB 3533 “has been taken out of this” in a Tuesday public hearing. While last hearing saw pushback towards the sportsbook tax rate increase portion of the bill, which proposes … Read more
NEW ORLEANS – Louisiana’s new sports betting tax structure has their March 2026 revenue report bearing no resemblance to where they were a year ago. The state earned over $45 million in legal sports betting revenue from $392.5 million in wagers, generating $9.43 million in … Read more
MINNEAPOLIS – Lawmakers in Minnesota are inching closer to banning prediction markets in the Land of 10,000 Lakes. A bill targeting a wide range of offerings from prediction market apps has advanced to the senate floor. Senator John Marty’s bill, SF 4511, would prohibit contracts … Read more