Our Writers:
Michael Savio

Reports surrounding the sports betting industry allege that FanDuel Sportsbook is in discussions with Kalshi as it explores launching a sports prediction market platform. While the company hasn’t confirmed this, leadership has expressed interest in pursuing this new industry.

Oklahoma Governor Kevin Stitt told reporters that he remains unwilling to support any sports betting bill that proposes a tribal-run market. He blamed the tribes for delaying the industry, pointing to their rejection of his previous proposals.

DraftKings and Underdog have both submitted applications for sports betting operating licenses in Missouri, with the market set to launch on December 1. They are the first sportsbooks to apply, though more are expected to join them soon.

The Senate Agriculture Committee held a hearing to question Brian Quintez, who has been nominated to take over the CFTC. Most of the questions focused on sports prediction markets and his ties to prominent operator Kalshi.

The Maine Gambling Control Unit issued a public statement warning residents about online casino operators and reminding them that the industry remains illegal. The warning comes as state lawmakers decide to reconsider creating a regulated industry.

A battle is brewing between the Illinois lawmakers and online sportsbooks over a new “per bet” tax included in the state’s budget. FanDuel has fired the first volley by announcing a new surcharge for all bets placed in the state.

BetMGM has partnered with Century Casinos in Missouri to pursue an online sports betting license. The operator is the second to reach a deal in the state, whose sports betting market is set to launch on December 1.

A Maryland judge questioned Kalshi’s claim that only the CFTC has jurisdiction over sports prediction markets. He cited the company’s previous legal arguments, which claimed that sports betting doesn’t have the economic impact to qualify as a commodity.

The NFL has partnered with the International Center for Responsible Gaming to fund a study of the betting habits of college athletes and students. The league hopes the study will help curb problem gambling and better protect athletes from harassment.

The Sports Betting Alliance has accused Illinois lawmakers of discriminatory practices for approving a new tax on each wager accepted by online sportsbooks. The group warned that bettors in the state will feel the impact the most.