DETROIT – States are capitalizing on their Sixth Circuit win against Kalshi, which opened the door for states to enforce their gambling laws against sports-event contracts. Michigan, Ohio, and Kentucky ramped up their enforcement battles with prediction market operators in recent days. Michigan Wants Kalshi … Read more
Oklahoma lays 5.5 points at Michigan and sits at -220 on the moneyline. Michigan is a +180 underdog at Bovada and +189 at BetOnline on the moneyline. The total sits at 43.5, with the under at -115 and the over at -105. Oklahoma closed as … Read more
BROOKLYN, N.Y. – Underdog daily fantasy sports drafts like their best ball drafts will no longer be available in seven states after Wednesday’s NFL Kickoff. Underdog Drafts will be shut down in Massachusetts, Maryland, Michigan, New Jersey, Pennsylvania, and Ohio as the company shifts their … Read more
Kalshi must finish a GeoComply geofencing rollout in Nevada by Aug. 12 or face a $120,000 daily penalty. The stipulation lets Kalshi submit a sworn affidavit explaining any delay instead of paying that daily penalty. Kalshi acknowledged state investigators placed prohibited trades but did not … Read more
DETROIT – Kalshi has got themselves into quite a pickle, being forced to choose between violating state law or violating federal law based on recent developments. A Michigan court order prevented Kalshi from offering sport event contracts in the state, but the CFTC rejected an … Read more
DETROIT – Last season’s American League Cy Young Winner Tarik Skubal will be out for an extended period of time after the team announced that their ace would need elbow surgery on his pitching arm on Monday. This news has led to a massive shake … Read more
Michigan proposes a 25–50 cent per-bet tax modeled after Illinois, projecting $38.8 million in annual revenue for Medicaid funding. Illinois saw a 15% drop in betting volume after implementing the same tax as operators passed costs to bettors through fees. Republican legislators and betting operators … 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
In November, Michigan earned its highest revenue total ever from sports betting in a single month. FanDuel earned the lion’s share of the total revenue, walking away with just under $40 million of the $89 million. DETROIT – Michigan saw its highest total revenue from … Read more
Dak Prescott has thrown for over 300 yards in each of his last two games and has -135 odds to record over 267.5 passing yards tonight. Jahmyr Gibbs has recorded an 18+ yard carry in three of his last four games and has -115 odds … Read more
The Michigan Gaming Control Board released a statement following the recent arrests made in relation to illegal sports betting in the NBA. There is speculation that they could look into banning player prop bets in order to deter market manipulation. DETROIT – In light of … Read more
DraftKings’ Railbird acquisition raises license concerns in Ohio and Michigan where regulators warn against prediction market participation. Multiple state gaming commissions have threatened that offering sports event contracts could jeopardize existing sportsbook licenses. DraftKings may limit sports predictions to non-betting states like California and Texas … Read more