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 Michael Molter | May 7, 2025 5:45 pm | Revenue
Bettors in New York, New Jersey, and Nevada have won more than $160 billion combined, nearly 35% of all legal sports betting payouts. Nevada boasts the highest win rate in the country at 94.2%, while Delaware ranks last with just 84.3%. LAS VEGAS – The house doesn’t...
by Michael Molter | May 5, 2025 1:44 pm | Revenue
The U.S. has officially surpassed $500 billion in the amount of money bet at sportsbooks both in person and online since 2018. $149.6 billion was wagered in 2024 alone, reflecting 3,100% growth since PASPA’s repeal. New York leads all states with $69.13 billion in...
by Michael Molter | Apr 30, 2025 11:05 am | Legal
Caesars Sportsbook app now offers integrated horse race wagering in Kentucky and Colorado with live streaming and shared wallet functionality. WSOP Online expands to Pennsylvania, creating the first four-state shared player pool for online poker in the U.S. Both...
by Michael Molter | Apr 23, 2025 12:02 pm | Legal
Seven states allow NFL Draft betting but have some restrictions (generally based on timing for when you can place the bet). Because they are not athletic events, another nine states outright ban bettors from wagering on the NFL Draft. Bettors in every state can access...
