Utah files 13 felony charges against Kalshi, escalating state war on prediction markets
Utah, a Republican anti-gambling state, filed criminal charges against Kalshi and its cofounders, the latest front in states' pushback against sports event cont
Sbcamericas · +5 outlets
Kalshi sues Missouri AG over cease-and-desist on sports event contracts
Kalshi argues it cannot comply with Missouri's cease-and-desist while operating nationally, joining other prediction markets in litigation against state regulat
Sbcamericas · +14 outlets
Polymarket becomes fourth operator to halt sports contracts in Michigan
Polymarket will stop offering new sports event contracts to Michigan customers and close open positions by Nov. 25 under an agreement with the state gaming boar
Legalsportsreport · +13 outlets
New York sports betting handle hits September record $2.4B, revenue down 17.7%
Record handle came alongside lower revenue, as prediction markets draw betting volume away from licensed sportsbooks.
Casino.org · +7 outlets
Malik Beasley agrees to plead guilty in NBA betting manipulation case
The former Pistons guard reversed his earlier not guilty plea to federal charges that he manipulated his on-court play in an NBA betting scheme.
Legalsportsreport · +14 outlets
Nearly half of US teens aged 13 to 17 say they gambled in the past year, survey finds
The finding adds pressure on operators and regulators over youth exposure as legal sports betting expands.
NBC News · +14 outlets
Rush Street reports Q3 revenue up 39% to $385.9M, says US online casino growth is cooling
The operator kept legalization hopes for 2027 alive even as the online casino engine that drove US online gambling growth slows.
Sbcamericas · +4 outlets
MGM CEO says back-and-forth takeover talks with People Inc. are over for good
Bill Hornbuckle definitively closed the door on a deal in either direction between MGM Resorts and Barry Diller's People Inc.
Sbcamericas · +14 outlets
New Orleans residents sue DraftKings and FanDuel over alleged gambling practices
The suit targets the two largest US sportsbook operators over their gambling practices in a state with a large legal betting market.
WWLTV.com · +5 outlets
Wisconsin court filing backs state ban on prediction markets like Kalshi
A filing in Wisconsin supports the state's position that sports event contracts fall under its existing sports betting prohibition.
WLUK · +7 outlets
Caesars Digital posts Q3 adjusted EBITDA up more than 50% with few details
The digital unit's earnings jump came without clear disclosure of what drove the increase.
Legalsportsreport · +3 outlets
Kalshi caps deposits at $2,500 a month for traders aged 18 to 20
The new safeguard is aimed at limiting younger traders' exposure on the prediction market platform.
Legalsportsreport · +13 outlets
NFL betting rules force Saquon Barkley to divest Polymarket stake
The league clarified that its betting restrictions extend to prediction market investments, prompting the Eagles running back to sell his stake.
Legalsportsreport · +14 outlets
Illinois sports betting revenue hits two-year low in August
Illinois sportsbooks reported $1.03B in August handle but the weakest revenue in two years.
Legal Sports Betting · +6 outlets
Maryland sports betting revenue falls 20% in September
The decline marks another month of softer sportsbook revenue in a mature mid-Atlantic market.
Bonus.com · +7 outlets
Massachusetts sports betting revenue rises 34% in September
The gain contrasts with revenue declines reported in several other states for the same period.
Betting News · +2 outlets
South Dakota sports betting slide continues in September
The state's betting handle and revenue kept declining, continuing a multi-month trend.
Legal Sports Betting
US online casino growth slows in Q3 while sports betting holds steady
Two industry reports point to a cooling iGaming expansion alongside stable sports betting volumes.
PlayUSA · +1 outlets