Nevada sportsbooks won $32.6 million in August, down 22.53%, as football win fell 74.65% and baseball win rose 6.98%. Implied handle fell about 11% to just over $400 million as hold dropped to 8.08% from 9.24% a year earlier. Sportsbook win on the Las Vegas … Read more
Nevada sportsbooks won $50.5 million in June at an 8.72% hold, up 20.02% from a year earlier. Statewide gaming win reached $16.05 billion in the fiscal year ended June 30, the state’s first above $16 billion. Sportsbooks won $612.5 million for the full fiscal year, … 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
LAS VEGAS – Charges have been filed against a former DraftKings employee relating to an alleged betting scheme in which a player on the Fresno State men’s basketball team purposely manipulated his stats at legal sports betting sites. Samuel Silverman, formerly a DraftKings employee working … Read more
ALBUQUERQUE, N.M. – A roundup of recent prediction market news includes dueling lawsuits in New Mexico and Nevada. The Commodity Futures Trading Commission (CFTC) are suing the state of New Mexico and aim to prevent the state from regulating prediction market offerings. In a release … Read more
LAS VEGAS – Nevada continues to be one of the most aggressive states in terms of regulating prediction markets, as a preliminary injunction was granted against Polymarket last Friday. First Judicial District Court Judge Jason Woodbury ruled against the prediction market platform, forcing the operator … Read more
Illinois Rep. Edgar González Jr. filed new legislation to legalize online casino betting with a 25% tax following last year’s unsuccessful attempt. Polymarket faces a court-ordered suspension in Nevada until February 11th after a judge ruled the platform appears to violate state gambling regulations. New … Read more
Nevada sued Polymarket for allegedly running unregulated gambling operations that sidestep state licensing laws. Concerns arose that Polymarket’s NFL MVP market could reflect insider information since official voting already occurred. Tennessee’s only local sportsbook shut down, unable to survive against national competitors under the state’s … Read more
U.S. District Judge Andrew P. Gordon ordered Crypto.com to halt its sports event contracts in Nevada. Gordon ruled the contracts are governed by state gambling laws, not federal commodities regulations. The case underscores ongoing legal battles over how prediction markets should be regulated. LAS VEGAS … Read more
Nevada topped $50 billion for a sports betting handle as of August 2025, becoming the fourth state to hit the mark post-PASPA. Retail sportsbooks and legal Nevada betting sites continue to drive consistent growth amid increasing national competition. LAS VEGAS — Nevada has officially joined … Read more
Nevada sportsbooks generated $21.9 million in baseball betting revenue in June, a 103.1% increase from the $10.8 million reported in June 2024. Baseball betting drove $55.5 million in Q2 revenue, up 72% year-over-year and surpassing all other sports in Nevada for the second straight month. … Read more
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 regulatory shift. States like Illinois … Read more