Sports Betting Industry News & Market Updates

Football Australia has issued lengthy bans to four former A-League players for match-fixing linked to betting activity.

Next month’s NFL Super Bowl will feature an expanded sports prediction industry, providing a gauge of its performance relative to sports betting. It will also test the new sports prediction platforms launched by Fanatics, FanDuel, and DraftKings.

BetRivers Sportsbooks will be raising its minimum bet requirement to $5 in Illinois. It recently raised it to $1 after the state increased taxes. The new change comes just days after Chicago enacted a new city-specific license and tax system.

Lawmakers in Mississippi and Wisconsin are back in session and already discussing expanding their sports betting markets to include mobile sportsbooks. While changing conditions are giving proponents hope that the efforts will succeed, larger hurdles still remain for both states.

Raiders fire NFL’s oldest coach Pete Carroll (74) after the league’s worst season of 3-14, forcing another coach search for the third year in a row.

Lawsuits over sports betting and prediction markets are putting pressure on US courts to finally determine where mobile betting occurs. The Supreme Court rejected a case involving the issues years ago, but new lawsuits could soon force a ruling.

SkyCity has confirmed a multi-year partnership with all five New Zealand Super Rugby clubs, strengthening its nationwide presence in professional rugby.

The Sports Betting Alliance announced that it will drop its motion for a restraining order, which it hoped would delay new licensing requirements in Chicago. The group thanked the city for addressing the license issues, but promised to continue fighting the changes.

Super Bowl LX is right around the corner, but bettors will find a far different experience when wagering on the NFL’s biggest game than in years past. We are covering three of the most significant changes ahead of February.

Michael Selig’s nomination to take over as the CFTC Chairman has been confirmed. He will assume leadership of the regulator, but has been clear that he doesn’t intend to take action on the battle over prediction markets.