Sports Betting Industry News & Market Updates

By: Michael SavioKalshi 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.

By: Michael SavioWisconsin 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.

By: Michael SavioKalshi 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.

By: Heather GartlandWinter 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.

By: Michael SavioSouth 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.

By: Heather GartlandTabcorp 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.

By: Michael SavioWisconsin 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.

By: Michael SavioCFTC 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.

By: Heather GartlandThe 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.

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.