Maine becomes the eighth state to legalize online casinos, giving exclusive rights to four tribal nations instead of commercial operators. Each tribe can partner with one online casino platform and will pay 16% of revenue to fund problem gambling programs, opioid treatment, and other state … Read more
Financial advisor Dave Ramsey recently discussed the dangers of online sports betting for young men on his podcast. Ramsey emphasized the prevalence of ads, which is true based on research that shows a 25% year-over-year increase in sports betting advertisement impressions. Many studies have proved … Read more
Kalshi’s pricing on markets during Week 17 of the NFL season was up to 8% more expensive than that of legal online sportsbooks. DraftKings’ own prediction market was about twice as expensive as their own sportsbook odds. LAS VEGAS – Recent tracking by Citizens found … Read more
Coinbase sued Michigan regulators to prevent state gambling laws from applying to prediction markets it claims fall under federal jurisdiction. Michigan officials warned operators that offering sports event contracts would threaten their licenses, but DraftKings and FanDuel launched anyway. The dispute will likely reach the … Read more
New Jersey gambling had a big November, earning $636.2 million as sportsbooks and online casinos stayed strong year over year. During a busy football and basketball stretch, sports betting generated $146.3 million in revenue from $1.28 billion in wagers. Online betting was dominated by FanDuel … 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the letter, the board stated that licensed operators who are partnered with prediction services may have their licenses rescinded.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
Kalshi locked down an exclusive partnership with CNN that’ll bring its prediction market data to the network’s shows and platforms. The company is dealing with lawsuits from several states and a federal case claiming it wasn’t honest about how its trading system actually works. Even … Read more
Missouri launched eight mobile sports betting apps on Monday. State voters approved Amendment 2 over a year ago to bring legal sports betting to Missouri. The Kansas City Royals are looking for a new sports betting partner after Underdog withdrew their license days before launch. … Read more
CEO of Fanatics, Michael Rubin, said that the sportsbook is launching a prediction market with Crypto.com for all states Maryland is one of the many states to warn operators that prediction markets are not licensed by gaming commissions NEW YORK CITY – Fanatics Sportsbook is … 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
Missouri opened sportsbook pre-registration ahead of its Dec. 1 launch, allowing residents to sign up and secure bonuses early. Major operators rolled out competitive promotions as the state enters the legal sports betting market with a low 10% tax rate. Bettors will have a full … Read more