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Michael Savio

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Michael SavioBy: Michael Savio

FIFA Announces Ticket Application Period for 2026 World Cup

FIFA has announced that it will begin accepting 2026 World Cup ticket applications on September 10. Winners will be randomly drawn, with tickets being awarded in phases. The governing body has not confirmed if its new dynamic pricing model will be used.
World Cup 2026
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Michael SavioBy: Michael Savio

Three California Tribes File Lawsuit Against Kalshi, Robinhood

A group of California tribes has filed a lawsuit against Kalshi and Robinhood, alleging that their sports prediction markets violate state and federal gambling laws. The tribes are requesting the court block them from operating in California.
Sports Betting
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Michael SavioBy: Michael Savio

Key Problem Gambling Resource May Disappear By End of Summer

A battle over the 1-800-GAMBLER trademark is unfolding in a New Jersey court, raising concerns that the crucial problem gambling resource could go offline. A restraining order has kept it active, but it is set to expire when the football season begins.
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Michael SavioBy: Michael Savio

Senate Committee to Vote on CFTC Nominee Before August Recess

The Senate Agriculture Committee confirmed it will convene before its August recess to vote on CFTC chair nominee Brian Quintez. The vote on the nomination was set for earlier this week, but had to be postponed due to the absence of one member.
Sports Betting
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Michael SavioBy: Michael Savio

California AG Promises to Force Out DFS Operators Soon

California Attorney General Rob Bonta told local media that he plans to force out daily fantasy sports operators. The announcement comes two weeks after he released an opinion on the industry’s legality, finding it violates state gambling laws.
Sports Betting
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Michael SavioBy: Michael Savio

Concern Over Problem Gambling from Prediction Markets Grows

Responsible gaming advocates are sounding amid layoffs at the CFTC. The regulator is currently has sole authority over controversial sports prediction markets, which some fear will lead to a massive spike in problem gambling over the next year.
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Michael SavioBy: Michael Savio

Tennessee Issues Fines to Force Five Offshore Operators Out

The Tennessee Sports Wagering Council confirmed it has issued $50,000 fines to five offshore sportsbooks for offering illegal gambling in the state. The penalties are the latest action the state has taken to crack down on the unregulated gambling market.
Sports Betting
DraftKings Touts ESPN, Prediction Deals After Ugly NFL Losses
Michael SavioBy: Michael Savio

DraftKings Sportsbook Looking to Aquire Railroad Exchange

A recent report shows that DraftKings Sportsbook has opened negotiations to purchase Railbird Exchange. The sports prediction market operator was recently licensed by the CFTC, meaning DraftKings would be clear to launch if a deal can be reached.
Sports Betting
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Michael SavioBy: Michael Savio

Two More Illinois Sportsbooks Take Aim at New Illinois Tax

Hard Rock and BetMGM have added a new minimum bet requirement for all Illinois sports wagers. The move is in response to the state’s new “per-bet” tax, joining an effort by FanDuel, Fanatics, and DraftKings to have it overturned.
Sports Betting
Flutter Reaches Deal to Purchase Boyd’s Stake in FanDuel
Michael SavioBy: Michael Savio

Flutter Reaches Deal to Purchase Boyd’s Stake in FanDuel

Flutter has reached a deal to purchase Boyd Gaming’s 5% share of FanDuel Sportsbook for over $1.7 billion, giving it full ownership of the platform. The two companies started a partnership over the sportsbook back in 2018.
Sports Betting