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.
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.
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.
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.
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.
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.
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.
Tennessee Issues Fines to Force Five Offshore Operators Out
The Tennessee Sports Wagering Council confirmed it has issued $50,000 fines to five offshore sportsbooks for offering illegal gambling in the state. The penalties are the latest action the state has taken to crack down on the unregulated gambling market.
DraftKings Sportsbook Looking to Aquire Railroad Exchange
A recent report shows that DraftKings Sportsbook has opened negotiations to purchase Railbird Exchange. The sports prediction market operator was recently licensed by the CFTC, meaning DraftKings would be clear to launch if a deal can be reached.
Two More Illinois Sportsbooks Take Aim at New Illinois Tax
Hard Rock and BetMGM have added a new minimum bet requirement for all Illinois sports wagers. The move is in response to the state’s new “per-bet” tax, joining an effort by FanDuel, Fanatics, and DraftKings to have it overturned.