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Michael Savio

By: Michael SavioHawaii Sports Betting Bill Heads to Committee to Over Senate Changes
The HI House has rejected Senate changes to a sports betting bill, sending it to a conference where members from both bodies will attempt to reach a deal. The disagreement centers on operator tax rates and licensing fees set by the Senate.

By: Michael SavioKansas Sports Betting Market Under Fire After House Amendment
The Kansas House of Representatives has passed an amendment prohibiting the Lottery from negotiating with sportsbooks to renew their sports betting licenses. The order covers the next two years, meaning no negotiations can occur until 2027.

By: Michael SavioKalshi Announces Impressive Handle for March Madness Market
Kalshi has announced that its March Madness prediction market saw over $500 million in contracts. The company also scored a key legal win this week when a Nevada Judge ruled that the state does not have the power to push the operator out.

By: Michael SavioIllinois Considering Bill to Better Address Problem Gambling
The Illinois House is reviewing SB0118, which would add gambling addiction to the Substance Use Disorder Act, unlocking tools to fight the rising problem. The Senate unanimously passed the bill, giving proponents hope that it will soon become law.

By: Michael SavioHawaii Sports Betting Bill Overcomes Odds to Pass Senate Vote
Lawmakers in Hawaii’s Senate have surprised many by passing sports betting bill HB1308, which would legalize and set up a framework for the industry. The House must approve changes before the bill is sent to the Governor.

By: Michael SavioCan the US Sports Betting Industry Survive A Recession?
A trade war has led to massive tariffs enacted worldwide, threatening to send the US into a recession and test the thriving sports betting industry. While online operators have been able to weather the storm so far, retail sportsbooks are already seeing massive losses.

By: Michael SavioCalifornia Sports Betting Remains a Longshot Despite Progress
Tribal leaders in the Golden State are attempting to restart negotiations over sports betting with a new proposal for a regulated market run by them. The proposal comes as sports prediction markets grow in popularity, giving bettors another way to wager on sports.

By: Michael SavioMichigan Regulator Investigating Sports Prediction Markets
The Michigan Gaming Control Board (MGCB) has confirmed reports that they have opened an investigation into sports prediction markets operated by Kalshi and Robinhood. The sports betting regulator has not taken any action against the operators as of yet.

By: Michael SavioHawaii Online Sports Betting Bill Passes Key Hurdle in Senate
Hawaii’s Senate Ways and Means Committee passed online sports betting bill HB 1308 by a vote of 11-2, setting it up for a vote on the Senate Floor. While the bill passed by a wide margin, four lawmakers expressed reservations over their support.

By: Michael SavioCity of Baltimore Files Lawsuit Against FanDuel and DraftKings
The Baltimore City Law Department has filed a lawsuit against FanDuel and DraftKings for deceptive marketing tactics. The department accuses them of fueling the rise in problem gambling and violating the city’s Consumer Protection Order, allowing it to take legal action.