LAS VEGAS – While sports betting is a rapidly expanding market, there are a few legal aspects that many overlook, taxes being one of the most prominent. Here’s an overview of the sports betting tax rules and how to report winnings in 2026. General Requirements … Read more
Nevada’s Dina Titus filed a bill targeting prediction platforms like Kalshi and Polymarket that offer sports wagering. Passage looks unlikely given Republican control of the House and Trump administration support for these markets. Titus is simultaneously backing legislation to fix a new tax rule that … 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
UFC pulled the Hernandez-Johnson bout from UFC 324 just hours before the event after getting alerts about unusual wagering activity on the fight. This is now the third time federal investigators have looked into sketchy betting around UFC events, with previous cases involving Isaac Dulgarian … Read more
Google is now permitting prediction marketing advertisements with their latest advertising policy update. A Massachusetts judge rules that Kalshi is not licensed to offer sports wagering in the state. Portugal ordered Polymarket to cease their operations and be blocked in the country after an influx … 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
Caesars Sportsbook is opening a retail book in Rampart Casino in 2026. The existing sportsbook area is being remodeled. LAS VEGAS – The sportsbook at Rampart Casino just outside of the Las Vegas Strip is getting a massive makeover as Caesars Sportsbook is coming in … Read more
Kalshi locked down an exclusive partnership with CNN that’ll bring its prediction market data to the network’s shows and platforms. The company is dealing with lawsuits from several states and a federal case claiming it wasn’t honest about how its trading system actually works. Even … Read more
A Wisconsin assembly bill (601) did not receive a vote after written testimony from the SBA opposing its structure. Despite the opposition because of revenue sharing, DraftKings and FanDuel are attempting to enter other states via prediction markets. MADISON, Wisc. – A measure to legalize … Read more
Google CEO’s post on X attracted lots of attention to the release of Gemini 3, which has garnered over $7 million in bets on Polymarket. Kalshi’s injunction in Nevada likely to be overturned, facing opposition from multiple other states as well. MOUNTAIN VIEW, Calif. – … Read more
Illegal bookmaker Mathew Bowyer’s gambling activities exposed anti-money laundering failures across three major Las Vegas casinos, resulting in nearly $27 million in combined regulatory fines. Caesars and other casinos ignored years of red flags about Bowyer’s unverifiable income and continued allowing him to gamble until … Read more
FanDuel announced they will launch FanDuel Predicts, a prediction market platform catering to states without a locally-regulated sports betting industry. As a result, FanDuel won’t be able to operate in Nevada since state regulators regard prediction markets as “unlawful”. The FanDuel Predicts App is set … Read more