Sports Betting Industry News & Market Updates

Wisconsin’s Ho-Chunk Nation has filed a lawsuit against Kalshi, claiming its sports prediction offerings violate tribal and state gambling laws. The tribe also claims the low minimum age requirement for these markets is creating a dangerous problem gambling crisis for young Americans.

FanDuel announced it will begin offering prediction markets for the US economy later this year, but has not confirmed intentions to launch one for sports. The announcement makes it the first sportsbook to enter the new industry, beating top rival DraftKings to market.

Arizona’s Department of Gaming has sent out cease & desist letters to Fliff and Thrillzz social sportsbooks, ordering them to exit the market immediately. The regulator is threatening to bring felony charges against both industry-leading operators.

Kalshi has announced it will be offering spread, total, and pro bet markets through the Robinhood platform. All three markets will be live before the NFL and NCAA football seasons begin, despite mounting legal pressures on the industry.

ESPN Bet has announced a new $1 minimum bet requirement for all wagers placed in Illinois to help offset the revenue lost from recent tax hikes. They join BetMGM, Hard Rock Bet, and BetRivers, who have also raised their minimums this summer.

Circa Sports scored a massive victory today when the Missouri Gaming Commission awarded it with one of the state’s two untethered sports betting licenses. This allows the operator to launch in the state on December 1 without needing to establish an in-state partner.

Sportsbooks have been pushing for Illinois to confirm how it will tax new customer surcharges added by FanDuel, DraftKings, and Fanatics over the summer. While operators insist the fees should not be subject to state taxes, reports suggest the state may disagree.

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.

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.

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.