Kalshi Files Suit Against New York State Gaming Commission

Kalshi Files Suit Against New York State Gaming Commission

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

Judge Orders NCPG to Give Up 1-800-GAMBLER Hotline

Judge Orders NCPG to Give Up 1-800-GAMBLER Hotline

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 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

Legal Sports Betting Brief: New York, New Jersey, Missouri

Legal Sports Betting Brief: New York, New Jersey, Missouri

New York lawmakers are weighing a bill to eliminate state-level gambling loss tax deductions following recent federal changes. Meanwhile, Missouri and New Jersey continue reshaping their legal sports betting markets with new restrictions and licensing rules. ALBANY, N.Y. – From tax reform in New York … Read more

Which NJ Sportsbook Will Shut Down From Increased Tax Rate?

Which NJ Sportsbook Will Shut Down From Increased Tax Rate?

New Jersey hiked its online gambling tax to 19.75%, up from 13% for sports betting and 15% for iGaming. Operators tied to low-revenue casinos like Caesars Atlantic City, Ocean Casino, and Monmouth Park may face an existential threat. Rising costs and shrinking margins could push … Read more

Dems, Mikie Sherrill Favored To Be New Jersey Governor

Dems, Mikie Sherrill Heavily Favored To Win

There are -600 odds for a Democratic nominee to be the Governor of New Jersey. Mikie Sherrill is favored to win the Democratic Primary with -350 odds. TRENTON, N.J. – Things are heating up in New Jersey ahead of November’s governor election with the primaries … Read more

From Ban to Boom: US Celebrates 7 Years of Sports Betting

PASPA

PASPA was repealed seven years ago, with legal sports betting having transformed from a curiosity into a half-trillion-dollar industry. What began as a fight over states’ rights has gone from taboo to mainstream, reshaping how Americans watch, bet, and engage with sports. With $50 billion … Read more

Kalshi’s Model Is Forcing a Government Rethink on Gambling

Kalshi’s Legal Fight Is Changing the Sports Betting Rules

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

Americans Have Won Over $450 Billion Betting On Sports

Americans Have Won Over $450 Billion Betting On Sports

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