News
Player Prop Bans Could Kill The Single Game Parlay
12+ hour, 49+ min ago (1294+ words) Legislators are falling all over themselves to ban player props, but if they succeed, SGPs are in danger The single game parlay (SGP) has arguably become the most important product in American sports betting. The apps push SGPs, the commercials…...
Indian Gaming Chair: Tribes Stand Together In Defense Of Sovereignty
1+ day, 6+ hour ago (483+ words) David Bean forcefully called out the 'failure' of the CFTC to enforce 'existing law' regarding prediction markets SAN DIEGO " Indian Gaming Association (IGA) Chairman David Bean Wednesday reiterated that tribes across America are united in defending their sovereignty against the…...
Texas Lt. Gov. Calls On Legislators To Close Prediction Market ‘Loopholes’
3+ day, 9+ hour ago (246+ words) Lt. Gov. Dan Patrick said prediction markets 'circumvent Texas gambling prohibitions' Texas Lt. Gov. Dan Patrick has called on state senators to fight prediction markets, marking the first public statement of opposition to the rising vertical from an authority in…...
Morning Consult Poll: Prediction Markets Are Gambling, Should Be States' Purview
3+ day, 10+ hour ago (341+ words) As litigation and legislation mount against prediction markets, a new poll by Morning Consult suggests that Americans feel strongly that sports event contracts need to be better regulated to prevent gambling harm and benefit state taxing authorities. The findings, which…...
Washington AG Sues Kalshi, Aims To Make Prediction Market Pay Back ‘Illegal’ Losses
6+ day, 4+ hour ago (810+ words) The state of Washington is the latest state to sue Kalshi, arguing that the business" contracts " both on sports and other topics " "meet every definition of gambling under state law" and attempting to force it to pay back trader losses....
Legislative Roundup: NY House Passes Bill Banning Proxy Betting
6+ day, 7+ hour ago (550+ words) Minnesota anti-prediction bill passes committee, Wisconsin OSB bill still with governor New York lawmakers this week continued to take a stab at tweaking the state's online sports betting laws when the House sent A 9584 to the Senate. The bill would…...
Massachusetts Commission Allows MGM To Pay Out On Lost Sports Betting Tickets
1+ week, 7+ hour ago (507+ words) MGC also prioritizes gamification of gambling as a study issue over prediction markets by Jill R. Dorson Did you ever place a bet and lose your ticket? Two people in Massachusetts who did will still get their winnings. The Massachusetts Gaming…...
Kalshi Limits Nevada Choices Under Court Order, But Some Arguably Banned Bets Remain
1+ week, 3+ day ago (374+ words) Sports markets gone, but Las Vegas-based reporter finds political, entertainment choices that could be construed as banned Kalshi's adherence to a district court judge's temporary restraining order (TRO) on offering sports, elections, and entertainment markets in Nevada comes with some…...
Kalshi Reportedly Worth $22 Billion In Latest Funding Round
1+ week, 6+ day ago (379+ words) Kalshi is worth more than any online gambling company, as the business is reportedly fundraising at a $22 billion valuation. The Wall Street Journal reported Thursday that the prediction market raised $1 billion in a round led by Coatue Management. The report…...
Legislative Roundup: CA Lawmakers Want To Ban Some Betting Advertising, NY Bill Banning Proxies Moves
1+ week, 6+ day ago (424+ words) In addition, first hearing for New Jersey bill that would prohibit microbetting set California lawmakers are attempting to keep the pressure up on non-state regulated gambling platforms. Democratic assembly members Mia Bonta and Pilar Schiavo Tuesday stripped a marijuana bill…...