Sports Betting Industry News & Market Updates

Wisconsin Governor Tony Evers has signed a bill that will create a tribal-centric mobile sports betting market. While his signature ends years of legislative deadlock, it has also raised concerns that commercial operators won’t join the new market.

Kentucky has officially passed a new bill that will significantly alter its sports betting market. Although Governor Beshear vetoed, the state legislature easily overrode it. It includes a ban on in-state college player props while raising the betting age to 21.

DraftKings and FanDuel used their political capital to help revise key proposals from a new Kentucky bill. The effort removed penalties for sportsbooks that offer prediction platforms, as well as a ban on the practice of limiting winning bettors.

Kalshi’s trademark designates it as part of the sports betting industry, despite its denial of offering gambling. The operator said the move was insignificant because it would force the USPTO to accept that the industry class is relevant to Kalshi.

Wisconsin Governor Tony Evers has promised a decision on online sports betting this week. While he has been supportive of online sports betting, he has refused to commit to signing the current effort, which would create a tribal-centric market.

The CFTC has filed lawsuits against Arizona, Connecticut, and Illinois over their legal attacks against sports prediction market operators. All three states have issued cease-and-desist letters to prediction operators, and Arizona has also filed criminal charges against Kalshi.

A powerful California tribal gaming group has announced plans to put sports betting on the ballot in 2028. Pressure from prediction markets led tribes to rethink legalizing the industry, though the effort will likely face strong opposition.

The Kentucky House just passed a bill that would overhaul its sports betting market, sending it to the Governor for his signature. It would make several changes, including for the minimum betting age, college player props, and prediction platforms.

A new bipartisan bill has been introduced in the US Senate that would ban sports prediction markets at the federal level. If passed, it would amend the CEA to ensure that sports contracts would no longer be protected.

The Mississippi Senate Gambling Committee is stalling on two mobile betting bills over financial concerns. Doubts over projected tax revenue, as well as proposed cuts for casinos, led the committee chair to shelve both House bills to expand sports betting.