Candidate for Lt. Governor in Texas Calls for Sports Betting
Democrat Rep. Vikki Goodwin has announced her candidacy for Lt. Governor with the goal of legalizing sports betting. The current office holder and rival candidate, Dan Patrick, has been a vocal opponent of any expansion of gambling in Texas.
Arizona Joins Ohio in Warning Sportsbooks Over Prediction Markets
The Arizona Department of Gaming sent a letter to the DFS and sportsbook operators in the state. The letter warned that state licenses could be revoked if an operator is offering sports prediction markets, even if they aren’t available in Arizona.
Kalshi Confirms Impending Launch of New Player Prop Markets
Kalshi announced it will be launching player prop bet markets for the NFL, covering passing, rushing, receiving, combined, defensive, and special teams stats. No CFTC approval is required, allowing the new markets to go live in all 50 states at any time.
Hard Rock Bet Looks to Upgrade With Genius Sports Deal
Hard Rock Bet has announced a new partnership with Genius Sports, which will help the sportsbook to massively upgrade live betting and streaming options. Genius has a proven track record while working with DraftKings, FanDuel, and bet365.
AGA Study Shows Public Views Prediciton Markets as Gambling
The AGA has released the results of a study showing that the public overwhelmingly views sports prediction markets as offering sports betting. The results are in part due to Kalshi’s advertising, which claims to offer legal sports betting in all 50 states.
ESPN Bet Applies for Missouri Online Sportsbook License
ESPN Bet has filed an application for an online sports betting license in Missouri, putting them on track to launch when the market goes live on December 1. The expansion comes as the battle over the platform’s future rages on.
NFL Debut Sees Sportsbook Downloads Down, Kalshi Volume Up
Kalshi saw over $300 million in sports prediction trades in the first week of the NFL season, thanks in part to its new betting markets. By comparison, sportsbooks saw a drop in app downloads compared to the same week last year.
Caesars and Bet365 Announce New Fees for Illinois Bettors
Caesars and bet365 sportsbook have both announced new surcharges for all wagers accepted in Illinois in response to the state’s controversial per bet tax. Now all ten of the state’s online sportsbooks have enacted changes to combat the new tax.
Fanatics Beats Out FanDuel With Massive August New York Handle
Fanatics Sportsbook stunned the sports betting industry by receiving over 300% more wagers in New York for August compared to July, topping rival FanDuel. However, the sportsbooks only generated $16 million in gross gaming revenue, which is almost $50 million less than FanDuel.
PrizePicks Announces it Will Only Offer Peer-to-Peer Games
PrizePicks announced that its DFS platform will only allow for peer-to-peer games going forward. The move is an attempt for the operator to survive crackdowns on the industry by states, including a full ban recently announced in California.