Sports Betting Industry News & Market Updates

By: Lucas DunnLas Vegas Raiders Part Ways with Veteran Coach Pete Carroll After One Season
Raiders fire NFL’s oldest coach Pete Carroll (74) after the league’s worst season of 3-14, forcing another coach search for the third year in a row.

By: Michael SavioThe US Needs to Establish Where a Mobile Wager Takes Place
Lawsuits over sports betting and prediction markets are putting pressure on US courts to finally determine where mobile betting occurs. The Supreme Court rejected a case involving the issues years ago, but new lawsuits could soon force a ruling.

By: Heather GartlandSkyCity Signs Nationwide Partnership with all 5 NZ Super Rugby Teams
SkyCity has confirmed a multi-year partnership with all five New Zealand Super Rugby clubs, strengthening its nationwide presence in professional rugby.

By: Michael SavioSBA Drops Lawsuit Against Chicago, But Will Continue Fight
The Sports Betting Alliance announced that it will drop its motion for a restraining order, which it hoped would delay new licensing requirements in Chicago. The group thanked the city for addressing the license issues, but promised to continue fighting the changes.

By: Michael SavioWhy Betting on Super Bowl LX Will Look Radically Different
Super Bowl LX is right around the corner, but bettors will find a far different experience when wagering on the NFL’s biggest game than in years past. We are covering three of the most significant changes ahead of February.

By: Michael SavioCFTC Gets New Chairman After Selig Nomination Confirmed
Michael Selig’s nomination to take over as the CFTC Chairman has been confirmed. He will assume leadership of the regulator, but has been clear that he doesn’t intend to take action on the battle over prediction markets.

By: Michael SavioChicago Budget Adds City-Specific Tax, License for Sportsbooks
The city of Chicago has approved a controversial 2026 budget that will impose a 10.25% tax and city-specific licensing requirements on online sportsbooks. The SBA has filed a motion for a restraining order to stop the changes from taking effect.

By: Michael SavioArizona Regulator Revokes Underdog’s Fantasy Sports License
The Arizona Department of Gaming has sent a notice to Underdog, stating that its DFS license was being pulled due to its sports prediction market platform. The regulator had warned it would consider doing so, but Underdog is expected to appeal the decision.

By: Michael SavioUnderdog to Close Sportsbook As Focus Shifts to Predictions
Underdog has announced that it will close its online sportsbook in North Carolina, its only US market. The move was made as the company looks to shift its focus to its new sports prediction markets and DFS platform.

By: Michael SavioConnecticut Agrees to Delay Kalshi C&D Amid Legal Battle
The Connecticut Department of Consumer Protection has agreed to delay a cease-and-desist letter sent to Kalshi as the two sides settle a lawsuit. As part of the agreement, key trial dates were set to ensure the legal battle would be resolved soon.