Articles by Michael Savio

DraftKings has applied with the National Futures Association (NFA) to begin offering a sports predictions market. These new markets gained popularity during Super Bowl LIX but are now under investigation from the CFTC as debate over their legality rages on.

This week, a pair of sports betting bills failed on the Georgia House floor. The first bill creates a legal framework for the industry, while the other proposes creating a ballot initiative for voters to decide on legalizing it.

A group of Connecticut lawmakers has proposed Senate Bill 1464, which would set a maximum daily sports betting wagering limit. Supporters hope that the bill will help curb the alarming rise in problem gambling without a full ban on the industry.

The Mississippi House passed the Mississippi Mobile Sports Wagering Act, which would legalize mobile sports betting, by a vote of 88-10. The Senate will have until the end of the 2025 legislative session on April 6 to pass the bill.

The Nevada Gaming Control Board (NGCB) has issued a cease-and-desist letter to KalshiEX LLC, ordering them to take down all sports-related prediction markets. The order is meant to protect the state’s thriving sports betting industry and avoid accelerating the growth of problem gambling.

Georgia House Rep. Marcus Wiedower has proposed new legislation to legalize online sports betting. Both must be passed on to the Senate by March 6. The proposal comes a week after similar legislation in the state Senate failed to garner support.

A Georgia Senate Committee has voted against a proposal for a ballot initiative to legalize sports betting. Opponents continue to have concerns over the damage of problem gambling, which has led to the industry's failure to make much progress over the years.

A group of 16 lawmakers have proposed House Resolution 52 to officially recognize March as Problem Gambling Awareness Month to curb the growing problem. The bill would also formally make gambling addiction a public health issue deserving of more resources.

Hawaii Sports Betting House Bill 1308 passed through the Finance Committee and is heading to the House Floor, but strong opposition remains ahead. If passed, it will head to the Senate, where a companion bill was recently deferred.

New Jersey Governor Phil Murphy proposed a 2026 budget that includes a tax hike for sports betting operators, though support among lawmakers appears scarce. The two largest obstacles to the proposal are the market’s long history of legal gambling and an upcoming election.