Sports Betting Industry News & Market Updates

Photo by Garrett from Salt Lake City, CC BY 2.0, via Wikimedia Commons
Michael SavioBy: Michael Savio

Kalshi Taking Utah to Court After Comments From Lawmakers

Kalshi filed a preemptive lawsuit against Utah after top lawmakers expressed opposition to the prediction market industry. The operator feared a cease-and-desist letter would soon be coming, forcing it to shut down the platform in Utah.
Photo by Steve Shook from Moscow, Idaho, USA, CC BY 2.0, via Wikimedia Commons
Michael SavioBy: Michael Savio

Wisconsin Assembly Finally Signs Off on Mobile Betting

The Wisconsin Assembly passed AB 601, which proposes to create a tribal-run online sports betting market. It ends years of debate and stalling from lawmakers, who abandoned hopes for a commercial market. The bill will now head to the Senate.
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Michael SavioBy: Michael Savio

Kalshi Wins Big in Tennessee, but New Threats Emerge

Kalshi has scored a major legal win in Tennessee, keeping its prediction platform live in the state. However, talks of a ban on predictions in Connecticut and a trademark fight with the NCAA are making the win harder to celebrate.
Heather GartlandBy: Heather Gartland

Winter Olympics Betting Buzz in NZ after Zoi Sadowski-Synnott’s Silver

Zoi Sadowski-Synnott’s silver has lifted Winter Olympics interest in NZ, but only TAB can legally offer and promote sports betting to Kiwis.
Photo by Tichnor Brothers, Inc., Boston, Public domain, via Wikimedia Commons
Michael SavioBy: Michael Savio

South Carolina Lawmakers Hear Debate Over Sports Betting

South Carolina House lawmakers held a hearing on a bill to legalize sports betting, despite Governor McMaster's strong objections to the industry. The Senate is considering a similar bill, with both looking for up to eight sportsbook licenses.
Heather GartlandBy: Heather Gartland

Tabcorp Pays $158,400 after ACMA Probe Finds Illegal In-play Bets

Tabcorp paid a $158,400 penalty after accepting 426 online in-play tennis bets. ACMA will oversee fixes through an enforceable undertaking.
Photo by Yinan Chen, Public Domain, via Wikimedia Commons
Michael SavioBy: Michael Savio

Wisconsin Tribes Ask Lawmakers to Expand Sports Betting

Tribal leaders have asked Wisconsin lawmakers to pass an Assembly bill legalizing mobile sports betting. The session ends next Friday, raising fears that the chamber will adjourn without voting on the issue, as they did in 2025.
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Michael SavioBy: Michael Savio

CFTC to Begin Fierce Defense of Sports Prediction Markets

CFTC Chair Michael Selig wrote an op-ed in the Wall Street Journal, promising a fierce defense of sports prediction markets here. He ripped states for standing in the way of the industry, which he believes benefits average Americans.
Heather GartlandBy: Heather Gartland

The DIA Orders 20Bet to Stop Targeting Kiwis with YouTube Gambling Ads

New Zealand’s DIA has issued a formal notice to 20Bet over NZ-targeted YouTube promotions, reinforcing the ban on offshore casino advertising.
Photo by Geoff Livingston, CC BY-SA 2.0, via Wikimedia Commons

Big Ten Athletes Join Effort to Reform Player Props

A Big Ten student-athlete group has issued a statement calling on NCAA President Charlie Baker to reform player prop betting rules. The letter cites the link to rising cases of athlete harassment, which Baker has been warning states about.