A significant judicial victory for Kalshi prediction markets is overturned by a federal judge in Nevada.
A Nevada ruling exacerbates the nation’s courts’ increasing disagreement over whether prediction markets are bets or financial products. A crucial court victory for prediction markets operator Kalshi was reversed by a federal judge in Nevada, who dissolved a preliminary injunction that had prevented state regulators from classifying its contracts for sporting events as unlawful gambling. […]
In October, Pennsylvania gaming income reached $597 million thanks to record-breaking gaming outcomes.
On Wednesday, the Pennsylvania Gaming Control Board announced that revenue from all types of gaming and fantasy competitions in October was $597 million, up 20.2% from the previous year. The majority of the gain, according to the study, was driven by igaming income of $251.1 million, which surpassed the previous high of $238.2 million recorded […]
Stake.us and four other sweepstakes casinos are leaving Tennessee in a mass exodus.
A few well-known sweepstakes casinos are all departing Tennessee in around the same amount of time, which may indicate the existence of unreported cease-and-desist orders. Sweepsy has learnt through a variety of channels and sources that High 5 Casino, Stake.us, RealPrize, and LoneStar Casino will be leaving Tennessee in November and December. Additionally, Lucky Bits […]
Chris Christie: Maintain Legal Sports Betting
Major League Baseball and its sportsbook partners confirmed what many of us have long known when they announced prohibitions on specific kinds of bets following accusations that two pitchers had rigged their throws to favour bettors. When properly implemented, regulated betting enhances the integrity of sports. Furthermore, the federal prosecutions involving current and former NBA […]
Johnson Advances the Chicago Sports Betting Tax
Among a number of potential revenue legislations that will further enrage licensed Illinois sportsbooks, Chicago Mayor Brandon Johnson proposed a 10.25% tax on the city’s sports betting earnings. This tax would be higher than the state’s present revenue and per-wager tax sliding scale, which ranges from 20% to 40%. This year and last, Illinois state […]
Tribes in California Have No Reason to Believe FanDuel or DraftKings
DraftKings promised anything seven months ago. Think about this discussion between California tribal chiefs and members of the Sports Betting Alliance (SBA) in an open forum: Jeremy Elbaum, Chief Commercial Officer of DraftKings: “Our sole purpose in California is to engage in sports betting. We will either succeed or fail in our endeavour. James Siva, […]
Guardians Pitchers Accused of Bet Rigging
Luis Ortiz and Emmanuel Clase could each spend up to 65 years in jail for allegedly manipulating pitches to allow wagerers to win hundreds of thousands of dollars. The US Attorney’s Office of the Eastern District of New York indicted Clase and Ortiz, pitchers for the Cleveland Guardians, on Sunday. While Clase is not in […]
DraftKings says prediction markets will pressure more states to legalize sports betting.
In an earnings call on Friday morning, Jason Robins, CEO of DraftKings, stated that prediction markets can be a “powerful lever” to persuade governments to legalize online sports betting. Despite the fact that traditional internet sports betting is still prohibited in 19 states, including Texas and California, the remarks contribute to the expanding discussion surrounding […]
Over $2.6 billion is the new single-month US betting handle record set by New York.
As the Empire State once again upped the bar for monthly wagering in the US, the New York Gaming Commission disclosed on Thursday a record $2.64 billion mobile sports betting handle for October. Although the NYSGC has not yet disclosed retail sports betting statistics from its four commercial sportsbooks, the mobile handle significantly surpassed the […]
Best MLB betting sites for same-game parlays
Same-game parlays, or SGPs, have transformed the way fans bet on baseball. Instead of picking winners from different games, you can now combine multiple bets from the same MLB matchup, like a team to win, a player to hit a home run, and the total runs scored, into one high-reward ticket. For US bettors, it’s […]
