Arizona is the first state to announce intentions to revoke the license of a sports betting operator, as Underdog has come under fire for their partnership with Crypto.com. Underdog never officially launched sports prediction markets in Arizona. PHOENIX – Arizona is set to revoke the … Read more
The Louisiana Gaming Control Board sent a letter to licensed sports betting sites in the state stating that it views sports prediction markets as illegal. In the letter, the board stated that licensed operators who are partnered with prediction services may have their licenses rescinded. … Read more
A ban on real-money online gambling in India has resulted in financial difficulties and thousands of jobs lost. MUMBAI — India’s shutdown of real-money online gaming has caused damage that’s already worse than anyone expected. The government passed the Promotion and Regulation of Online Gaming … Read more
New York State Gaming Commission Chair Brian O’Dwyer calls out prediction markets, saying they are a “direct threat to the commission’s authority.” FanDuel and DraftKings have announced their intent to offer sports contracts in December. NEW YORK – Prediction markets are once again under the … Read more
A Wisconsin assembly bill (601) did not receive a vote after written testimony from the SBA opposing its structure. Despite the opposition because of revenue sharing, DraftKings and FanDuel are attempting to enter other states via prediction markets. MADISON, Wisc. – A measure to legalize … Read more
Google CEO’s post on X attracted lots of attention to the release of Gemini 3, which has garnered over $7 million in bets on Polymarket. Kalshi’s injunction in Nevada likely to be overturned, facing opposition from multiple other states as well. MOUNTAIN VIEW, Calif. – … Read more
Illegal bookmaker Mathew Bowyer’s gambling activities exposed anti-money laundering failures across three major Las Vegas casinos, resulting in nearly $27 million in combined regulatory fines. Caesars and other casinos ignored years of red flags about Bowyer’s unverifiable income and continued allowing him to gamble until … Read more
Two Cleveland Guardians pitchers are under federal indictment in connection with an MLB pitch-fixing and betting scheme that generated more than $450,000 in fraudulent wagers. Prosecutors say Emmanuel Clase coordinated the operation, using in-game communication to fix pitch outcomes before Luis Ortiz joined the scheme … Read more
Six college basketball players received permanent bans from the NCAA for manipulating games and sharing inside information with bettors during the 2024-25 season. The cases at Arizona State, New Orleans and Mississippi Valley State are part of a broader federal investigation linking NBA and college … Read more
Rep. Paul Tonko demands major sports leagues support his SAFE Bet Act or accept responsibility for future gambling scandals. The push follows recent FBI indictments of NBA personnel allegedly involved in betting schemes tied to organized crime. Tonko’s bill would establish federal standards including advertising … Read more
Kalshi is suing the New York State Gaming Commission after receiving a cease-and-desist notice from the state. Kalshi argues that their sports markets are legal due to the fact that they vary from traditional sports betting sites. NEW YORK – Kalshi has filed a lawsuit … Read more
The American Gaming Association is warning leagues to avoid creating partnerships with Kalshi and other prediction markets as states stake their claim to what is legal sports betting. A Colorado judge denied two tribes in Colorado their right to offer sports betting based on the … Read more