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
Kalshi set a new single-day trading record with over $275 million in activity. DraftKings and Flutter Entertainment lost nearly $7 billion in combined market capitalization. Capitol Hill lawmakers are questioning the Commodity Futures Trading Commission’s (CFTC) oversight of prediction market sports contracts. NEW YORK – … Read more
Kalshi has been ordered to cease and desist operations in Massachusetts. Massachusetts Attorney General Andrea Joy Campbell filed the lawsuit against Kalshi on Friday. BOSTON – Massachusetts Attorney General Andrea Joy Campbell filed a lawsuit on Friday against Kalshi for operating their online prediction market … Read more
Senators Catherine Cortez Masto and Cindy Hyde-Smith reintroduced legislation to repeal the federal excise tax, calling it outdated. The renewed push comes as Nevada sportsbooks continue to pay millions and follows the recent failure of Rep. Dina Titus’ FAIR Bet Act. WASHINGTON — A bipartisan … Read more
Boomer’s Sportsbook was recommended for licensure by the Nevada Gaming Control Board in July 2025. The Sportsbook is set to launch 10 new locations across Nevada this fall. Boomer’s will debut its new retail location at Casino Fandango on September 1. CARSON CITY – Boomer’s … Read more
Nevada sportsbooks have approached a betting handle of $50 billion since 2018. Other sports betting milestones include New Hampshire closing in on $4 billion since their launch. As Connecticut nears $7 billion placed in sports bets, West Virginia has seen almost $25 billion. LAS VEGAS … 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
The Boston Celtics are 2.5 point favorites over the Los Angeles Lakers on Thursday night. Boston has scored at least 90 points in each game while LA has yet to surpass 90 points in a game. LAS VEGAS – Two of the most historic franchises … Read more
The Minnesota Timberwolves are favored against the Detroit Pistons as both teams enter the game with a 2-0 record. Despite losing their first two games, the New Orleans Pelicans are two point favorites over the Portland Trail Blazers. LAS VEGAS – NBA Summer League rolls … 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
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 … Read more