Sports Betting Industry News & Market Updates

By: Michael SavioMichigan and Kalshi File Lawsuits Over Sports Predictions
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.

By: Michael SavioVermont Considers Bill to Add Wager Fee and Ban Predictions
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.

By: Michael SavioFanDuel and DraftKings Approved for Arkansas Mobile Market
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.

By: Heather GartlandNew Zealand Anthem Gaffe Goes Viral Before England v Black Caps T20 Clash
A technical glitch played the New Zealand anthem at double speed in Colombo, moments before England’s late chase win shook semi-final maths.

By: Michael SavioKalshi Taking Utah to Court After Comments From Lawmakers
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.

By: Michael SavioWisconsin Assembly Finally Signs Off on Mobile Betting
The Wisconsin Assembly passed AB 601, which proposes to create a tribal-run online sports betting market. It ends years of debate and stalling from lawmakers, who abandoned hopes for a commercial market. The bill will now head to the Senate.

By: Michael SavioKalshi Wins Big in Tennessee, but New Threats Emerge
Kalshi has scored a major legal win in Tennessee, keeping its prediction platform live in the state. However, talks of a ban on predictions in Connecticut and a trademark fight with the NCAA are making the win harder to celebrate.

By: Heather GartlandWinter Olympics Betting Buzz in NZ after Zoi Sadowski-Synnott’s Silver
Zoi Sadowski-Synnott’s silver has lifted Winter Olympics interest in NZ, but only TAB can legally offer and promote sports betting to Kiwis.

By: Michael SavioSouth Carolina Lawmakers Hear Debate Over Sports Betting
South Carolina House lawmakers held a hearing on a bill to legalize sports betting, despite Governor McMaster's strong objections to the industry. The Senate is considering a similar bill, with both looking for up to eight sportsbook licenses.

By: Heather GartlandTabcorp Pays $158,400 after ACMA Probe Finds Illegal In-play Bets
Tabcorp paid a $158,400 penalty after accepting 426 online in-play tennis bets. ACMA will oversee fixes through an enforceable undertaking.