by Michael Molter | May 8, 2025 2:21 pm | Regulatory
Kalshi is suing multiple states, arguing its event contracts are federally regulated derivatives, not gambling. Federal judges in Nevada and New Jersey have sided with Kalshi in early rulings. The CFTC dropped its appeal over Kalshi’s election markets, signaling a...
by Jeremias Di Vico | Mar 23, 2023 8:12 am | Sports Betting
Both Nevada and Ohio have recently approved new additions to their wager categories. Ohio has added specific NFL draft and NHL draft props. Nevada on the other hand has added new events and leagues like the World Series of Poker and Golden Tee. LAS VEGAS – Both the...
by Jerad Paparella | Feb 28, 2022 1:43 pm | Legal
Nevada’s sportsbooks handled over $1.109 billion in sports bets in January, up 9.3% from December and 71.6% compared to January 2021. Despite these increases, Nevada’s sportsbooks posted their sixth consecutive month with a sub-par hold rate: if this trend continues,...
by Giovanni Shorter | Apr 28, 2021 11:43 am | Revenue
More than $641 million was wagered on sports in Nevada for March. Most of the wagers came from college basketball betting during the March Madness Tournament. Nevada saw a 6.1% hold rate for sportsbooks equaling $39.3 million in revenue. CARSON CITY, Nev. – Nevada...
by Christina Monroe | Apr 14, 2021 3:15 pm | Regulatory
Nevada will now allow prop bets on the MLB World Series MVP. Sportsbooks in Nevada will need to notify the Nevada Gaming Control Board’s Enforcement Division if they want to add the wager to their list for the series. The bets for the MVP award must be in before the...
