Federal Appeals Court Rules Against Kalshi, Decision Applauded

Federal Appeals Court Rules Against Kalshi, Decision Applauded

LAS VEGAS – The U.S Court of Appeals for the Ninth Circuit affirmed a decision to dissolve a Kalshi temporary injunction, allowing Nevada to impose their state gambling laws on Kalshi’s sports event contracts. The three-judge panel decided that the sports event contracts weren’t swaps … Read more

Affidavit Can Spare Kalshi Nevada’s $120,000 Daily Penalty

Affidavit Can Spare Kalshi Nevada's $120,000 Daily Penalty

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

Odds For Top Two Pick Showdown In Las Vegas Summer League

Odds For Top Two Pick Showdown In Las Vegas Summer League

LAS VEGAS – Just a few weeks after the conclusion of the 2026 NBA Draft, the Las Vegas Summer League begins on Thursday afternoon and features two games with multiple top ten picks, including the Utah Jazz against the Washington Wizards with the top two … Read more

CFTC Sues New Mexico, Nevada Wants Kalshi in Contempt, Fined

CFTC Sues New Mexico, Nevada Wants Kalshi in Contempt, Fined

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

Eichel +205 Odds To Score, End Goal Drought In Game 4

Eichel +205 Odds To Score, End Goal Drought In Game 4

LAS VEGAS – The 2026 Stanley Cup Finals have been an absolute battle through three games with Game 4 scheduled for Tuesday night at 8 PM EST. Can Vegas take a commanding 3-1 lead over the top seeded Hurricanes, or will Carolina find a way … Read more

Legalized, Taxed, Threatened: The 8-Year Reality of Post-PASPA Sports Betting

8 Years After PASPA: Legal Sports Betting Was Supposed to Be a Tax Windfall. It Became a Tax War

WASHINGTON – On the morning of May 14, 2018, the Supreme Court of the United States handed down Murphy v. NCAA and ended Nevada’s 26-year monopoly on legal sports betting. Eight years later, questions surrounding who would profit and under what rules have been answered… … Read more