USA

Sports betting could look very different depending on the results of three crucial races. The first two are gubernatorial races in Wisconsin and South Carolina, while the third is for control of the U.S. Congress starting in 2027.

A Mormon church leader is warning younger people about the growing accessibility of sports betting and prediction markets.

Kalshi is reportedly close to raising another $1 billion, which would bring its valuation to $40 billion.

DraftKings shares have fallen to their lowest level since April 2023 amid growing prediction market competition.

NBA star Victor Wembanyama told reporters he won’t be partnering with sports betting platforms. He said he's focused on promoting positivity and shared his disappointment with the deals his fellow stars have made with sportsbooks and prediction markets.

Fanatics’ CEO has said the company will spend up to $1 billion on marketing for its sports betting platforms. The goal is to help close the gap with DraftKings and FanDuel in sports betting and with Kalshi in prediction markets.

North Carolina's monthly handle surpassed $500 million in August for the twelfth straight month. It generated over $11 million in tax revenue and showed that the state’s market is continuing to grow, despite a 5% tax hike for sportsbooks on July 1.

Polymarket has announced new responsible gambling tools for users, which include a self-exclusion list and deposit limits. It also partnered with Birches Health to help struggling users have easy access to confidential help from therapists trained to address compulsive gambling.

Maverick Washington LLC, a division of Maverick Gaming, could put up to 850 individuals out of work as part of the widespread closures.

Illinois saw over $1 billion in sports wagers in July, thanks to the World Cup. It was the twelfth consecutive month the state has topped $1 billion. Unfortunately, the busy month generated the lowest tax revenue total since September 2025.