WASHINGTON – Wednesday’s U.S. Senate subcommittee hearing titled “No Sure Bets: Protecting Sports Integrity in America” was a lopsided battle between those speaking against and in favor of prediction markets. Those wanting more regulation for prediction markets included witnesses like American Gaming Association (AGA) President … Read more
NEW YORK – American gaming revenue reached new heights in 2025, surpassing $78 billion in commercial gaming revenue that includes sports betting, land-based casinos, and iGaming. Revenue numbers for legal sports betting hit $16.89 billion, a 22.6% increase from 2024. New York remains the biggest … 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
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
A new bipartisan bill, the FAIR BET Act, aims to reverse a controversial tax rule buried in President Trump’s recently signed One Big Beautiful Bill. Introduced by Reps. Dina Titus and Ro Khanna, the legislation would restore gamblers’ ability to fully deduct losses against winnings. … Read more
The CFTC is cracking down on sports-related prediction markets, forcing Robinhood Derivatives to halt its Super Bowl betting contracts and investigating platforms like Crypto.com and Kalshi. If the CFTC rules against these platforms, bettors could see their Super Bowl 59 wagers frozen, refunded, or voided … Read more
Robinhood has shown an interest to begin legal sports betting, especially after the success seen from political betting. Celebrations are in order in Ohio, as sportsbooks took in the second most bets this past month in their history. Georgia legislators are writing letters in publications … 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
A record 68 million Americans expect to bet on Super Bowl 58, a 35% increase from last year’s numbers. The increased wagering translates to an expected $23.1 billion in total wagers on Super Bowl LVIII. Estimates from the American Gaming Association claim most Americans will … Read more
Americans bet $79.76 billion on sports since January of 2023. Based on current pace and upcoming sporting events, the market expects to continue its growth and surpass the $100 billion mark before the year ends. The emergence of new online sportsbooks and more states with … Read more
NASCAR seems to be making a sharp turn in its approach to gambling, now partnering with PrizePicks. Earlier in the season they partnered with Powerball, showing a clear commitment to being invested in the gambling space. With NASCAR being a popular fantasy sport for decades, … Read more
MaximBet shutdown just a few days after FuboTV announced their ceasing of operations. Cannibalization of sportsbooks may continue as sportsbooks struggle and customers lodge complaints. INDIANAPOLIS – Last week, MaximBet released a statement ceasing operations as a legal US sportsbook. Players will have to rely … Read more