Sports Betting News

The MLB has reached a deal with the top US sportsbooks to place new limits on micro-betting after a recent scandal involving two active players. The changes include setting a $200 limit on those wagers and banning them from being added to parlays

Federal Prosecutors have filed indictments against Cleveland Guardians pitchers Luis Ortiz and Emmanuel Clase over a betting scandal involving micro-betting. Both are accused of spot-fixing and are facing up to 60 years in federal prison.

DraftKings CEO Jason Robins reported losses of around $300 million from the NFL season, but touted a new deal with ESPN and the upcoming launch of its prediction platform. He believes the company is setting itself up for big things in 2026.

The Wisconsin Senate Committee on Agriculture and Revenue began discussions over Senate Bill 592 this week. The bill would allow tribal gaming groups to start offering online sports betting, with servers hosted on their lands.

Disney and Penn Entertainment announced they have mutually agreed to end their partnership to operate ESPN Bet, which will close across the US on December 1. ESPN has agreed to make DraftKings its official betting partner, providing odds and more.

A recent report showed that Kalshi’s sports contract pricing still lags behind the sports betting industry. This, combined with increased competition and mounting lawsuits, has led many industry analysts to wonder if the giant is in trouble.

A massive betting scandal involving the NBA has drawn the attention of Congress. Lawmakers have reached out to officials from the country’s top sports leagues over concerns about their relationship to sports betting, forcing operators to make a difficult choice.

The NBA’s Oklahoma City Thunder has proposed a legal sports betting market in Oklahoma. It would allow the NBA team to share licensing rights and revenue with tribal gaming groups that are open to working with the team.

DraftKings has acquired CFTC-licensed Railbird Exchange after months of negotiations, paving the way for the operator to launch a prediction market platform. The purchase comes soon after FanDuel confirmed it would launch its own prediction markets by the end of 2025.

The NHL has announced it has made Kalshi and Polymarket the league’s official sports prediction market partners, making it the first league to do so. The deal will allow for in-game and on-screen NHL events, including the Winter Classic.