NEW YORK – The National Football League took to the Supreme Court of the United States (SCOTUS) to fight for state regulation of prediction markets. The amicus brief supports New Jersey regulators in their battle against Kalshi. The NFL argues that prediction markets offer sports … Read more
The panel found Kalshi’s sports contracts are not swaps because their events carry no inherent financial, economic or commercial consequence. The Commodity Exchange Act would leave both states’ gambling laws intact even if the contracts counted as swaps, the court held. Kalshi lost its bid … Read more
New Jersey sportsbooks won $61.4 million in August, down 25% from $81.9 million a year earlier. Football wagering handle fell 63% to $26.8 million as the college season started later than in 2025. Parlay hold dropped to 14.6% from 19%, a decline that accounted for … Read more
BROOKLYN, N.Y. – Underdog daily fantasy sports drafts like their best ball drafts will no longer be available in seven states after Wednesday’s NFL Kickoff. Underdog Drafts will be shut down in Massachusetts, Maryland, Michigan, New Jersey, Pennsylvania, and Ohio as the company shifts their … Read more
New Jersey sportsbooks won $97 million in July, up 29.7% from $74.8 million in July 2025. Bettors wagered $816.9 million on completed events, and the books kept 12.5%, up from 10.8% a year earlier. Parlays won $49.8 million for the books at a 19.1% hold, … Read more
WASHINGTON – Wednesday marked a massive development in the prediction market-sports event contract saga. The U.S. Supreme Court has officially been asked to review the sports prediction market case where Kalshi and states disagree on regulation. New Jersey Attorney General Jennifer Davenport filed the petition … Read more
Resorts World New York City won $135.2 million at live tables in its first 16 weeks, per state weekly reports. Wind Creek Bethlehem’s July table revenue fell 29.2 percent and Borgata’s fell 8.3 percent, a combined $8.7 million decline. Atlantic City’s total table win still … Read more
New Jersey’s June sports betting handle rose 16% from a year earlier to $917.2 million. Sports wagering revenue fell 37.7% to $57.3 million as the hold dropped to 6.24% from about 11.6%. Bettor winnings on the FIFA World Cup and NBA Finals drove the decline, … Read more
TRENTON, N.J. – The New Jersey Senate Budget and Appropriations Committee will discuss a bill to regulate prediction markets in the Garden State. Senator Nicholas Scutari’s S4447 bill aims to implement prediction market regulations that would limit sports event contracts to licensed operators, ban election … Read more
NEW YORK – Legislators in the state of New York are making an effort to protect sports bettors in a way that no other state has done. Senate Bill S9415, which is now Assembly Bill A10329, will require sports betting sites in New York to … Read more
TRENTON, N.J. – It was an active April for New Jersey sports betting following the New Jersey Division of Gaming Enforcement’s release of the month’s sports betting handle and revenue numbers. Legal sports betting in New Jersey produced under a billion-dollar handle at $932.4 million, … Read more
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