Wembanyama says he will never endorse a betting company, calls it 'very sad' that peers do
The Spurs star's public refusal comes as NBA players increasingly take sponsorship money from sportsbooks and prediction markets, prompting a wider debate about
Complex · +14 outlets
DraftKings shares near three-year low as betting sector slides
The decline reflects investor concerns about prediction market competition and regulatory uncertainty weighing on listed sportsbook operators.
RG.org · +1 outlets
New lawsuit claims DraftKings uses AI to target problem gamblers
The suit adds to legal scrutiny of sportsbook marketing practices, and Maine regulators say they are monitoring AI use by betting apps following the allegations
WBUR · +14 outlets
MGM and Caesars decline to enter prediction markets, citing casino license risk
The two casino giants are holding back from the prediction market push being led by DraftKings and FanDuel, warning it could jeopardize their core licensing.
Legalsportsreport · +8 outlets
Kalshi pushes into election markets as states push back
The prediction market's expansion into election contracts is drawing regulatory resistance from state officials.
Lexington Herald Leader · +14 outlets
Maine regulators monitoring AI use by sports betting apps after DraftKings allegations
State oversight of algorithmic marketing follows a lawsuit accusing DraftKings of using AI to target problem gamblers.
ReadWrite · +1 outlets
CFTC redefines 'swaps' in move to protect prediction market sports bets
The regulatory reclassification is central to the legal footing of event contracts offered by Kalshi and Polymarket.
CoinGeek · +10 outlets
Kalshi ends volume rewards program nearly a year early
The CFTC self-certification filing signals a shift in how the prediction market platform structures incentives for traders.
Legalsportsreport · +14 outlets
New York's $1 billion gambling tax take could be shaken up by prediction markets
Prediction market growth threatens a key state revenue stream built on taxes from legal sports betting.
Business Insider · +14 outlets
NPR: banned bettor relapsed on Kalshi after bankruptcy, highlighting harm concerns
The account illustrates how prediction markets can attract gamblers who have been excluded from traditional sportsbooks.
npr.org
Polymarket adds sportsbook-style safeguards amid calls for more regulation
The platform is tightening responsible gambling controls as regulators scrutinize event contract offerings.
Scripps News · +5 outlets
Illinois sports betting tops $1 billion in wagers for 12th straight month
Illinois handle rose 22% in July, with continued billion-dollar monthly volume and World Cup action boosting revenue.
Casino.com · +4 outlets
Tax Law Center analysis weighs whether sports event contracts are gambling for federal tax purposes
The Tax Notes analysis adds to the unresolved question of how prediction market winnings should be treated under federal law.
taxlawcenter.org · +5 outlets
North Carolina sports betting handle surpasses $500 million for 12th consecutive month
The sustained volume underscores North Carolina's rapid rise as a legal sports betting market.
CDC Gaming · +4 outlets
Citizens reiterates DraftKings rating on strong betting handle growth
Analyst support offers a counterpoint to the stock's slide as operators face pressure over prediction market competition.
Investing.com · +2 outlets
Nevada sportsbook win drops 22.5% as football handle plummets 75%
The sharp Nevada decline illustrates how a weak football month weighs on the state's sportsbook results.
Legal Sports Betting
CBS Sports outlines legal status of Kalshi and Polymarket across all 50 states
The roundup reflects the patchwork of state and federal rules now governing sports event contracts.
CBS Sports · +1 outlets
Brazil sets October 5 deadline for betting brands to leave football shirts
Brazil's tightening sponsorship rules force betting operators off club jerseys as the country formalizes its regulated market.
Gambling News · +1 outlets