by Michael Molter | Jul 8, 2025 10:42 am | Legal
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...
by Michael Molter | Feb 6, 2025 12:23 pm | Legal
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...
by Michael Molter | Dec 7, 2024 5:28 am | Sports Betting
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...
by Michael Molter | Sep 16, 2024 12:07 pm | Legal
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...
by Zachary Kelley | Feb 6, 2024 10:51 am | Revenue
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...
