TRENTON, N.J. – Two major challenges to micro-betting emerged this week, as New Jersey lawmakers pushed forward a bill to ban the practice while a Pennsylvania court received a lawsuit targeting the sports wagering industry’s biggest players. Senators Paul Moriarty and Patrick Diegnan got Senate … Read more
Washington lawmakers review changes to tribal casino betting rules that would affect college sports wagering. Mississippi takes another shot at mobile betting legalization with a focus on addressing pension system concerns. New Jersey puts forward legislation aimed at strengthening player safeguards and game integrity standards. … Read more
New Jersey colleges will run regular sessions to help students understand gambling. The Council on Compulsive Gambling will show students the risks, signs of problems, and ways to get help. TRENTON, N.J. — New Jersey lawmakers have approved new legislation designed to bring gambling awareness … Read more
New Jersey gambling had a big November, earning $636.2 million as sportsbooks and online casinos stayed strong year over year. During a busy football and basketball stretch, sports betting generated $146.3 million in revenue from $1.28 billion in wagers. Online betting was dominated by FanDuel … Read more
The chairman of the company that owns and operates Monmouth Park Racetrack said that “Without sports betting, we’d be closed” when speaking at the opening of the track’s brand new Caesars Sportsbook facility. Partnerships like the one between Monmouth Park and Caesars are often beneficial … Read more
A bill has been introduced in New Jersey to ban micro betting in sports contests. Micro betting is when a player bets on the outcome of any individual play (for example, a ball or strike on a pitch in baseball). TRENTON, N.J. – New Jersey … 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
Illinois became the second state to record at least $1 billion in sports betting tax revenue, after New York. The state implemented the country’s first progressive tax system for sports betting, with rates climbing from 20% to 40%. Most tax revenue flows into Illinois’ general … Read more
Kalshi is suing the New York State Gaming Commission after receiving a cease-and-desist notice from the state. Kalshi argues that their sports markets are legal due to the fact that they vary from traditional sports betting sites. NEW YORK – Kalshi has filed a lawsuit … Read more
NCPG has been ordered to cease management of the 1-800-GAMBLER hotline by Monday. A New Jersey judge ruled that control must return to the Council on Compulsive Gambling of New Jersey. TRENTON – In a decision this week, Judge Douglas H. Hurd mandated that the … 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
New Jersey assembly bill 5971 was introduced by Dan Hutchinson on Friday – a measure that would look to ban microbetting. But what makes microbetting worse than any other live betting action or same game parlay from mobile betting apps? TRENTON, N.J. – Last week, … Read more