Voting on Missouri’s sports betting amendment could be subject to a recount after a late report of almost 10,000 votes narrowed the margin of votes for sports betting. The change in votes moved the statewide margin from 4,363 to just 368 votes in favor of … Read more
The FBI raided the home of Polymarket CEO Shayne Coplan, seizing his electronics amid an investigation into the crypto-based prediction market’s handling of election betting odds. NEW YORK – In a high-profile raid Wednesday morning, FBI agents entered the New York City apartment of Shayne … Read more
Louisiana’s HB22 bill proposes raising the tax rate on online sports betting revenue to 51%, matching New York, which could significantly boost state revenue but might face pushback from operators. Minnesota’s sports betting legalization efforts have gained traction with new support from Running Aces Casino, … Read more
With about 3 million votes cast by Missouri residents, the sports betting measure known as Amendment 2 received about 7,000 votes over the 50% mark. Winning 50.1% to 49.9%, the process for legalizing and regulating sportsbooks in Missouri begins with an expected launch before 2026. … Read more
Missouri voters have the power to legalize sports betting by a simple majority in Tuesday’s November Election. With monetary and public support appearing behind it, many believe Amendment 2 will pass. ST. LOUIS – Missouri residents will soon vote on a significant measure to legalize … Read more
Jeffrey Saco was arrested on eight felony counts for sports betting violations on the Caesars Sportsbook app in Michigan. With a hearing set in two weeks, this story is only just starting to unfold. DETROIT – A Southfield, Michigan man is facing eight felony charges … Read more
Two northeast lawmakers introduced the SAFE Bet Act – a measure to bring federal oversight to the US sports betting industry. Removing away from a federal approach in 2018 (the repeal of PASPA), this measure is unlikely to advance. It calls for stricter advertising regulations, … Read more
Lawsuits preventing Missouri’s sports betting petition from reaching the November ballot were rejected by a circuit court judge on Friday. A political committee named Winning for Missouri Education collected over 205,000 valid signatures to bring legal Missouri sports betting to voter decision. If enough citizens … Read more
Online sports betting returned to Florida with the launch of Hard Rock Bet in December, but college prop betting didn’t come with it. The Florida Gaming Compact between the Seminole Tribe and the state of Florida prohibits Hard Rock Bet from offering prop betting on … Read more
DraftKings recently put $3.5 million towards a political committee pushing for regulated sports betting in Missouri. A constitutional amendment to regulate land-based and online sports betting in Missouri will be on the November ballot after meeting the signature threshold. The same committee has also been … Read more
Missouri should see sports betting on the November ballot assuming all finishes well over the next week. Nebraska is also attempting a ballot initiative, looking to expand their in-person sports betting licenses to online as well. Brazil and Germany offer interesting international sports betting news … Read more
DraftKings will implement a surcharge on bettors’ winnings in four states with higher-than-average tax rates on sports betting. Critics argue that the surcharge undermines transparency and that changing odds is better than integrating a surcharge. NEW YORK – Starting January 1, 2025, DraftKings will introduce … Read more