Kalshi is suing multiple states, arguing its event contracts are federally regulated derivatives, not gambling. Federal judges in Nevada and New Jersey have sided with Kalshi in early rulings. The CFTC dropped its appeal over Kalshi’s election markets, signaling a regulatory shift. States like Illinois … Read more
A new Massachusetts sports betting rule allows retroactive voiding if a Russian or Belarusian athlete displays patriotic symbols like flags during or around an event. Operators warn of enforcement challenges and possible bet manipulation, with no clear safeguards or appeal process in place. BOSTON – … Read more
A Massachusetts widow successfully petitioned DraftKings and regulators to void her late husband’s $106,100 in NBA futures bets. The wagers, all placed on the Boston Celtics to win in 2025, were refunded in a first-of-its-kind decision by the Massachusetts Gaming Commission. Regulators cited a compassionate … Read more
In Australia, up to 600,000 teenagers are gambling, and experts say it’s no accident. A new report reveals that sports betting is now more popular among Aussie teens than playing sports themselves. U.S. youth are being exposed to the same mix of gambling ads, sports … Read more
Over $50 million has already been traded on Kalshi’s March Madness markets, including roughly $1.5 million on women’s basketball. Unlike sportsbooks, Kalshi operates under CFTC regulations, classifying these bets as financial instruments rather than gambling. Critics argue that event trading circumvents state betting laws, while … Read more
A Fairleigh Dickinson University poll shows 76% of New Jersey voters support gambling ad limits. Australia’s largest bookmaker, Sportsbet, has stopped airing live odds updates during NRL and AFL broadcasts. U.S. lawmakers are considering new regulations, including the SAFE Bet Act, which would limit sports … Read more
The Colorado Division of Gaming issued Bulletin 10 on March 4, 2022, banning sportsbooks from accepting wagers on Russian and Belarussian governing bodies, leagues, teams, players, and events. Other states like Louisiana followed suit, putting in a ban a few days after, while states that … Read more
Florida sports betting hotlines are being overwhelmed due to a lack of funding from the state. With each staff member taking 150-200 calls a day, they are being overrun during the biggest gambling event of the year. TALLAHASSEE, Fla. – With the Super Bowl just … Read more
There’s no doubt the growth of AI will translate into help for sports bettors. Already analyzing data, AI sports betting is still in it’s infancy stages. A simple analysis on Justin Jefferson prop bets for Sunday Night Football show how systems like ChatGTP can assist … Read more
A North Carolina lawmaker proposed a ban on college player prop bets in the state. Marcia Morey, a democratic representative who strongly opposed mobile sports betting in North Carolina, introduced House Bill 967 on Wednesday. Republican lawmakers in the state don’t want to ban college … Read more
Underdog Fantasy and PrizePicks made their official returns to Florida on Monday with new Pick ‘Em style games. Both daily fantasy sports operators launched their new peer-to-peer platforms where players go against each other instead of the house. Florida regulators sent cease-and-desist letters to PrizePicks … Read more
The Ohio Casino Control Commission approved new sports betting markets for the upcoming NFL Draft and next year’s WNBA Draft. Ohio looks to compete with the massive sports betting markets offered at internationally-licensed sportsbooks like Bovada. First round coverage of the 2024 NFL Draft begins … Read more