Sports Betting Industry News & Market Updates

The Wisconsin Senate voted to approve a bill to legalize mobile sports betting through tribal casinos. While many lawmakers remain concerned about the potential impact, they also acknowledged that mobile betting is already taking place in the state.

Nebraska casinos have been a signature-gathering effort to allow voters to decide on legalizing mobile sports betting. The move comes after Nebraska lawmakers failed to act, largely removing them from the process of creating a legal framework.

A federal judge has ruled that Kalshi must abide by Ohio’s sports betting laws. She rejected Kalshi’s argument that they are offering “swaps.” The ruling means the operator will need to acquire a sportsbook license for its prediction platform.

The Minnesota Senate is reviewing a bill to legalize online sports betting while protecting bettors. It would allow for 11 mobile sportsbooks, with tax revenue from the industry being used to support the state’s charitable gaming and horse racing industries.

New Zealand’s T20 World Cup campaign ended with a heavy final defeat to India, in a result that also gave sports bettors plenty to unpack around pre-match expectations, inflated totals and the Black Caps’ future tournament pricing.

The Michigan AG has filed a lawsuit against Kalshi, alleging it is illegally offering gambling through sports prediction markets. It asks the court to grant it the power to ban Kalshi from offering sports markets in the state.

Vermont is considering a bill that would ban several categories of prediction markets, including those for sports, deaths, wars, and more. It is also proposing to add a $0.50 per-wager tax for the state’s three mobile sportsbooks.

FanDuel and DraftKings have approval to launch their mobile platforms in Arkansas. The two operators had been avoiding the market over its tribal revenue-sharing requirements. They will be joining tribal-owned BetSaracen, the state's only other online platform.

A technical glitch played the New Zealand anthem at double speed in Colombo, moments before England’s late chase win shook semi-final maths.

Kalshi filed a preemptive lawsuit against Utah after top lawmakers expressed opposition to the prediction market industry. The operator feared a cease-and-desist letter would soon be coming, forcing it to shut down the platform in Utah.