Legalized, Taxed, Threatened: The 8-Year Reality of Post-PASPA Sports Betting

8 Years After PASPA: Legal Sports Betting Was Supposed to Be a Tax Windfall. It Became a Tax War

WASHINGTON – On the morning of May 14, 2018, the Supreme Court of the United States handed down Murphy v. NCAA and ended Nevada’s 26-year monopoly on legal sports betting. Eight years later, questions surrounding who would profit and under what rules have been answered… … Read more

Pennsylvania Seeks To Tax Prediction Markets With New Bill

Pennsylvania Seeks To Tax Prediction Markets With New Bill

HARRISBURG, Penn. – Another state has joined in the fight to regulate prediction markets, as Pennsylvania lawmakers aim to pass new legislation taking aim at the controversial platforms. House Bill 2497 is a proposed act to amend Title 4 of the Pennsylvania Consolidated Statutes. It … Read more

OPINION: High Fees Mean Kalshi $5M Fine In Ohio Means Little

OPINION: High Fees Mean Kalshi $5M Fine In Ohio Means Little

COLUMBUS, Ohio – The Ohio Casino Control Commission levied a $5 million fine on Kalshi for offering unlicensed sports betting in the state. However, with the recent production of Kalshi, this punishment will not be enough to scare them off. During March Madness betting, Kalshi … Read more

Ohio Bill Would Ban Online Betting, Cap Bets at $100, + More

Ohio Bill Would Ban Online Betting, Cap Bets at $100, + More

CINCINNATI – Ohio lawmakers introduced the Save Ohio Sports Act on Thursday, which aims to prohibit online sports betting, limit wagering to the state’s four land-based casinos, and cap bet amounts at $100. The bill would drastically change the legal sports betting landscape in Ohio, … Read more

Guardians Players Share Stories of Sports Betting Harassment

The Cleveland Guardians had multiple players come forward with stories of harassment related to sports betting, which is a growing issue in sports betting.

CLEVELAND – Sports betting related harassment has been at the forefront of issues discussed in terms of the recent rise of legal sports betting. Bettors may send threatening messages through social media or leaked phone numbers. The Cleveland Guardians are no stranger to these kinds … Read more

Mike DeWine Now Opposes Ohio Sports Betting Legalization

Mike DeWine Now Opposes Ohio Sports Betting Legalization

Ohio governor Mike DeWine regrets signing the law that brought legal sports betting to Ohio. DeWine has been vocal against prop betting at both the collegiate and professional level, but now opposes the entirety of sports betting. Ohio witnessed betting scandals with Cleveland Guardian pitchers, … Read more

Will DraftKings Sportsbook Lose Its Ohio, Michigan License?

Will DraftKings Lose Its Ohio, Michigan Sportsbook License?

DraftKings’ Railbird acquisition raises license concerns in Ohio and Michigan where regulators warn against prediction market participation. Multiple state gaming commissions have threatened that offering sports event contracts could jeopardize existing sportsbook licenses. DraftKings may limit sports predictions to non-betting states like California and Texas … Read more