Arkansas Sees Record Handle After Sports Betting Expansion
Arkansas sports betting placed over $100 million in wagers in April, setting a new monthly record. The success came as FanDuel and DraftKings had its first full month in the market, though they didn’t contribute much tax revenue.
Rhode Island Approves Bally’s for Mobile Betting License
The Rhode Island Lottery has awarded Bally’s with a mobile betting license. It will launch in November, becoming the first new sportsbook to enter the market since 2019. However, lawmakers fear the state’s high tax rate will prevent future expansion.
Tennessee Tests CFTC By Stepping Up Fight Against Kalshi
Tennessee’s Attorney General has escalated its fight against Kalshi, arguing the operator is violating the state’s sports betting laws. A New Jersey judge allowed the operator’s platform to remain live, a decision the AG hopes an appeals court will overturn.
Polymarket Files With the CFTC to Launch Parlay Feature
Polymarket has filed with the CFTC to launch a new parlay-style feature for its sports markets. The move is meant to help it compete with Kalshi and mobile sportsbooks, and was made despite the tumultuous future facing the prediction industry.
North Carolina Lawamkers Consider Tax Hike for Sportsbooks
North Carolina lawamkers are reportedly considering a tax hike for sportsbooks as part of its upcoming budget. They are considering raising the current 18% rate by up to 12%, or adding a per-wager tax similar to the one in Illinois.
CFTC Sues Minnesota Over Its New Prediction Market Ban
The CFTC has filed a lawsuit against Minnesota over its new restrictions on prediction markets, which would ban markets involving sports and politics. The states’ new rules allow the state to file criminal charges against operators who violate them.
Wisconsin Tribes Set to Pick Up a Big Win Against Kalshi
A US District Judge has ruled that Wisconsin tribes have the right to sue Kalshi over sports prediction markets. While he rejected a request to force Kalshi out while their lawsuit is settled, he found the operator is likely violating IGRA.
Will Sportsbooks Look to Enter Wisconsin’s Mobile Market
Wisconsin has officially paved the way for tribal-run mobile sports betting, but fears remain that commercial operators won’t join. Find out the latest here!
Michigan Senate Strips Per-Wager Tax From Budget Proposal
The Michigan Senate passed the latest budget, but rejected a proposed per-wager tax for sportsbooks. Lawmakers from both parties worried the change would shrink the state’s sports betting market, despite the results seen from a similar tax in neighboring Illinois.
Flutter Ousters FanDuel CEO After Lowering 2026 Guidance
Flutter has removed Amy Howe as FanDuel’s CEO as it looks to invest more in prediction markets. President Christian Genetski will take over the role after playing a crucial role in the expansion of mobile betting in the US.