NCAA Committee Approves Proposal to Amend Sports Betting Rules
An NCAA Division I Committee has approved a proposal to allow staff and athletes to wager on pro sports, sending it to Division II & III committees for review. If they vote to support the move, it will go into effect on November 1.
American Bettors Deserve Clarity on Sports Prediction Markets
The US has seen sports prediction markets take off over the last year, but the CFTC has refused to step in. That has led to questions around how it will regulate the industry, and how it will handle problem gambling.
New York Considering Bill to Stop Sportsbooks From Limiting Bettors
The New York Assembly is considering a ban on sportsbooks from setting limits on bettors who are on a winning streak. Operators insist this practice is critical for their success as well as their ability to offer competitive odds and promotions.
Underdog Gains Missouri Market Access With MLB Partnership
Underdog has announced a new partnership with the Kansas City Royals, allowing it to enter Missouri’s sports betting market ahead of the December 1 launch. The two sides already had an advertising partnership in place, which is now expanded to include sports betting.
CFTC Being Forced to End Silence Over Prediction Markets
The CFTC issued an advisory note warning prediction market operators that market limitations are likely to emerge, ending years of silence on the industry. However, the regulator's stance may change once a new leader is approved to take over.
Florida’s Gaming Compact Comes Back to Haunt US Sports Betting
Kalshi has adopted a legal argument used by the Seminole Tribe in Florida to fend off lawsuits from tribal groups across the US. It argues that online sports betting takes place where the server is located, not where the wager is placed.
Illinois’ Sports Betting Market Grows Despite Battle Over Tax
The Illinois Gaming Board has released July’s sports betting numbers, which show annual growth of 12% and an additional $5 million in tax revenue. July was the first month when the state’s new per-bet tax was in place.
Candidate for Lt. Governor in Texas Calls for Sports Betting
Democrat Rep. Vikki Goodwin has announced her candidacy for Lt. Governor with the goal of legalizing sports betting. The current office holder and rival candidate, Dan Patrick, has been a vocal opponent of any expansion of gambling in Texas.
Arizona Joins Ohio in Warning Sportsbooks Over Prediction Markets
The Arizona Department of Gaming sent a letter to the DFS and sportsbook operators in the state. The letter warned that state licenses could be revoked if an operator is offering sports prediction markets, even if they aren’t available in Arizona.
Kalshi Confirms Impending Launch of New Player Prop Markets
Kalshi announced it will be launching player prop bet markets for the NFL, covering passing, rushing, receiving, combined, defensive, and special teams stats. No CFTC approval is required, allowing the new markets to go live in all 50 states at any time.