WASHINGTON – Prediction markets offering sports event contracts could soon be over. During tomorrow’s Congressional hearing on sports prediction markets, the Indian Gaming Association (IGA) and American Gaming Association (AGA) will pursue an outright ban of these “sports event contracts”, according to their written testimonies … 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
DraftKings and FanDuel executives met with tribal representatives in California at the Indian Gaming Tradeshow & Convention to discuss a potential partnership. The Sports Betting Alliance’s proposal seeks to license sportsbooks while ensuring revenue-sharing benefits for all 109 federally recognized tribes. Despite ongoing negotiations, tribal … Read more
Efforts to get a California sports betting initiative on the 2024 ballot stopped due to tribal opposition. Proponents of the initiative wanted to gain signatures in support, but never collected a single one. Regulated California sports betting hopes are dead for 2024 and the foreseeable … Read more
Minnesota could have legal sports betting in 2021 if a bill currently being introduced to the Legislature were to receive passage. Governor Tim Walz has said that he is in favor of a legal Minnesota sports betting market should a bill find its way to … Read more