FanDuel Predicts Launches In December, But With Consequences

FanDuel Predicts Launches In December, But With Consequences

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

NBA Cup Preview: Thunder, Cavaliers Given Shortest Odds

NBA Cup Preview: Thunder, Cavaliers Given Shortest Odds

The Oklahoma City Thunder have the shortest odds to win the 2025 NBA Cup at +230. The lowest odds of any team in the past two years were +450. No team that was the favorite to win the NBA Cup entering the tournament has won … Read more

Crypto.com Nevada Sports Betting Halts On Judge’s Order

Crypto.com Nevada Sports Betting Halts On Judge’s Order

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

Kalshi Triggers $7 Billion Loss for Sports Betting Leaders

Kalshi Triggers $7 Billion Loss for Sports Betting Leaders

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 Issued Cease-and-Desist Order in Massachusetts by AG

Massachusetts AG Campbell Files Suit Against Kalshi

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 Push To Eliminate Federal Sports Betting Excise Tax

Senators Push To Eliminate Federal Sports Betting Excise Tax - Catherine Cortez Masto, Cindy Hyde-Smith

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Catherine Cortez Masto and Cindy Hyde-Smith reintroduced legislation to repeal the federal excise tax, calling it outdated.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

Minnesota, Portland Headline NBA Summer League Picks Tuesday

Two West Conference Teams To Pick At Summer League Tuesday - Terrence Shannon Jr.

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