FanDuel and DraftKings Planning for Launch of Sports Contracts
FanDuel and DraftKings have both confirmed plans to offer sports prediction markets in the coming months. While limiting the offering to states without legal online sports betting, the launch will violate warnings from several state gambling regulators.
California Court Rejects Tribal Lawsuit Seeking to Ban Kalshi
A California court has rejected a request from three tribes to ban Kalshi’s prediction market platform on their lands, claiming a violation of IGRA. The court held that, because sports contracts aren’t considered gambling, they cannot violate tribal gaming laws.
MLB and Sportsbooks Agree to Limit Micro-Betting Amid Scandal
The MLB has reached a deal with the top US sportsbooks to place new limits on micro-betting after a recent scandal involving two active players. The changes include setting a $200 limit on those wagers and banning them from being added to parlays
Federal Prosecutors Indict Pair of Cleveland Guardian Pitchers
Federal Prosecutors have filed indictments against Cleveland Guardians pitchers Luis Ortiz and Emmanuel Clase over a betting scandal involving micro-betting. Both are accused of spot-fixing and are facing up to 60 years in federal prison.
DraftKings Touts ESPN, Prediction Deals After Ugly NFL Losses
DraftKings CEO Jason Robins reported losses of around $300 million from the NFL season, but touted a new deal with ESPN and the upcoming launch of its prediction platform. He believes the company is setting itself up for big things in 2026.
Wisconsin Lawmakers Begin Debate Over Sports Betting Bill
The Wisconsin Senate Committee on Agriculture and Revenue began discussions over Senate Bill 592 this week. The bill would allow tribal gaming groups to start offering online sports betting, with servers hosted on their lands.
ESPN Bet to Exit US Market After Penn, Disney End Partnership
Disney and Penn Entertainment announced they have mutually agreed to end their partnership to operate ESPN Bet, which will close across the US on December 1. ESPN has agreed to make DraftKings its official betting partner, providing odds and more.
Is Kalshi in Danger of Faltering Despite Impressive Volume?
A recent report showed that Kalshi’s sports contract pricing still lags behind the sports betting industry. This, combined with increased competition and mounting lawsuits, has led many industry analysts to wonder if the giant is in trouble.
Sports Leagues Face Difficult Choice on Sports Betting
A massive betting scandal involving the NBA has drawn the attention of Congress. Lawmakers have reached out to officials from the country’s top sports leagues over concerns about their relationship to sports betting, forcing operators to make a difficult choice.
Oklahoma City Thunder Looking to Help Legalize Sports Betting
The NBA’s Oklahoma City Thunder has proposed a legal sports betting market in Oklahoma. It would allow the NBA team to share licensing rights and revenue with tribal gaming groups that are open to working with the team.