Legalized, Taxed, Threatened: The 8-Year Reality of Post-PASPA Sports Betting

8 Years After PASPA: Legal Sports Betting Was Supposed to Be a Tax Windfall. It Became a Tax War

WASHINGTON – On the morning of May 14, 2018, the Supreme Court of the United States handed down Murphy v. NCAA and ended Nevada’s 26-year monopoly on legal sports betting. Eight years later, questions surrounding who would profit and under what rules have been answered… … Read more

Giannis To Boston? LeBron To Cleveland? NBA Next Team Odds

Giannis To Boston? LeBron To Cleveland? NBA Next Team Odds

CLEVELAND – The NBA Playoffs saw LeBron James head home in the second round and Giannis Antetokounmpo miss completely. There has also been speculation on where each of them will open up the 2026-27 NBA season. With that, legal sports betting sites have odds on … Read more

Pennsylvania Seeks To Tax Prediction Markets With New Bill

Pennsylvania Seeks To Tax Prediction Markets With New Bill

HARRISBURG, Penn. – Another state has joined in the fight to regulate prediction markets, as Pennsylvania lawmakers aim to pass new legislation taking aim at the controversial platforms. House Bill 2497 is a proposed act to amend Title 4 of the Pennsylvania Consolidated Statutes. It … Read more

Wisconsin Court Rules In Favor of Tribes Against Kalshi

Wisconsin Court Rules In Favor of Tribes Against Kalshi

MADISON, Wisc. – The U.S. District Court for the Western District of Wisconsin made a ruling on Monday, stating that the Ho-Chunk Nation can sue Kalshi for violating its Tribal-State compact. The key piece of this ruling is that the court classified Kalshi’s sports based … Read more