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
The NCAA announced that they are building cases against 13 former men’s basketball players for allegedly breaking rules regarding gambling. Allegations that the NCAA is investigating for the players include betting on or against their own team, disclosing private information to gamblers for profit, and … Read more
Illinois, Michigan, and Maine are all on pace to record milestones for the amount of sports betting tax revenue they’ve collected based on August reports. While Illinois will join the billion-dollar club with New York, Michigan will have brought in $100 million and Maine will … Read more
Alex Bregman has 23 total hits, runs, and RBIs in 11 games during May and has -135 odds to record at least two total tonight. Max Fried has -165 odds to record over 5.5 strikeouts, something he has done in both of his career starts … Read more