Tennessee collected $8,438,391 in sports betting privilege tax in June, up 30% from a year earlier. Gross handle reached $456.1 million, a 30% year-over-year jump during the World Cup’s opening month. Tennessee taxes 1.85% of every dollar wagered rather than sportsbook revenue, the only state … Read more
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
Tennessee still cannot come up with reasonable rules and regulations that will allow the process of launching legal sports betting in the Volunteer State to become easier. TN HB 1 made mobile gambling on sports legal in 2019 but there are still no set rules … Read more