Sports Betting Industry News & Market Updates

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Michael SavioBy: Michael Savio

Ohio Gambling Regulator Working to Ban Micro-Betting on Sports

The Ohio Casino Control Commission has confirmed it is planning to create a rule that would place a ban on micro-betting. The news comes just days after Governor Mike DeWine requested the regulator crack down on prop betting in the state.
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Michael SavioBy: Michael Savio

Kalshi Files for Injunction After Key Loss in Maryland

A Maryland court has rejected Kalshi’s motion for an injunction, which would allow it to operate as its lawsuit against a state regulator plays out. This represents the first major legal setback for the operator, who won cases in New Jersey and Nevada.
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Michael SavioBy: Michael Savio

BetRivers Becomes Latest Sportsbook to Respond to Illinois Tax

BetRivers Sportsbooks has announced it will be increasing its minimum bet requirement in Illinois to $1 in response to the state’s new per-bet tax. The Illinois-based operator is the sixth sportsbook to take action in response to the controversial tax change.
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Michael SavioBy: Michael Savio

Georgia House Committee Holds First Meeting to Study Sports Betting

The House Study Committee on Gaming in the State of Georgia held its first meeting to explore the impacts of legalizing sports betting on Monday. The committee is required to submit its recommendations by December 1 for a House review.
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Michael SavioBy: Michael Savio

White House Request Delays Vote on CFTC Nominee Quintenz

The White House has requested that a Senate committee delay a vote on its CFTC nominee as concerns over his ties to Kalshi continue to grow. While President Trump still publicly supports the nomination, they have not confirmed how they will proceed.
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Michael SavioBy: Michael Savio

MLB Places Closer Clase on Leave Amid Gambling Investigation

The MLB has placed Cleveland Guardians closer Emmanuel Clase on paid leave amid an investigation into unusual betting patterns involving some of his stats. It is the second gambling investigation into a Guardians pitcher this month.
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Michael SavioBy: Michael Savio

New Jersey Assembly Bill Would Ban Micro Betting on Sports

The New Jersey Assembly is considering a bill that would place a ban on micro-betting on sports, which allows bettors to wager on small moments of a game. The bill is meant to slow down the betting process and reduce problem gambling.
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Michael SavioBy: Michael Savio

Three California Tribes File Lawsuit Against Kalshi, Robinhood

A group of California tribes has filed a lawsuit against Kalshi and Robinhood, alleging that their sports prediction markets violate state and federal gambling laws. The tribes are requesting the court block them from operating in California.
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Michael SavioBy: Michael Savio

Senate Committee to Vote on CFTC Nominee Before August Recess

The Senate Agriculture Committee confirmed it will convene before its August recess to vote on CFTC chair nominee Brian Quintez. The vote on the nomination was set for earlier this week, but had to be postponed due to the absence of one member.
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Michael SavioBy: Michael Savio

California AG Promises to Force Out DFS Operators Soon

California Attorney General Rob Bonta told local media that he plans to force out daily fantasy sports operators. The announcement comes two weeks after he released an opinion on the industry’s legality, finding it violates state gambling laws.