North Carolina lawmakers approve tax overhaul affecting sports betting operators Suswati Basu North Carolina is one step closer to changing several tax rules tied to its legal online sports betting market after lawmakers approved a wide-ranging revenue bill. Senate Bill 595, titled “Various Revenue Laws Changes,” has cleared the General Assembly and now … Continue reading North Carolina lawmakers approve tax overhaul affecting sports betting operators
Cayuga Nation sues Caesars over reservation sports betting revenue claims Suswati Basu The Cayuga Nation has filed a federal lawsuit against Caesars Sportsbook, alleging the company accepted sports wagers from within the Nation’s reservation without authorization and in violation of federal gaming law. Court documents filed Tuesday (June 16) in the U.S. District … Continue reading Cayuga Nation sues Caesars over reservation sports betting revenue claims
Better Markets urges courts to let states regulate prediction markets, not CFTC Paul McNally A financial reform advocacy group is urging courts to keep oversight of gambling-style online markets at the state level, arguing that a federal commodities regulator lacks both the authority and capacity to manage them. Better Markets made its case … Continue reading Better Markets urges courts to let states regulate prediction markets, not CFTC
Arizona court battle against Kalshi slows amid legal scope disputes Suswati Basu A fight over prediction markets, federal authority, and Arizona gambling law is moving onto a slower track after all sides asked for more time, even as they continue arguing over what a temporary court order actually blocks. In a joint status … Continue reading Arizona court battle against Kalshi slows amid legal scope disputes
New York lawsuits target prediction market giants Coinbase and Gemini in major showdown Suswati Basu New York Attorney General Letitia James has opened what may become one of the biggest state fights yet over prediction markets, suing Coinbase and Gemini and accusing both companies of running illegal online gambling operations. The paired cases … Continue reading New York lawsuits target prediction market giants Coinbase and Gemini in major showdown
Wisconsin sues prediction market platforms over alleged illegal sports betting operations Paul McNally Wisconsin has filed a civil complaint in Dane County Circuit Court accusing Kalshi, Robinhood, and Coinbase, along with affiliated subsidiaries, of operating what it describes as illegal sports betting through prediction markets and event contracts under state law. The … Continue reading Wisconsin sues prediction market platforms over alleged illegal sports betting operations
Online sports betting grows rapidly as concerns about risks rise across the US, survey shows Suswati Basu Online sports betting is becoming a routine part of daily life across the United States, with participation continuing to climb even as unease about its effects grows. A new national survey released April 13 shows both … Continue reading Online sports betting grows rapidly as concerns about risks rise across the US, survey shows
Fox partners with Kalshi to bring prediction markets into news coverage Suswati Basu Fox Corporation is teaming up with Kalshi to weave prediction market data into its news programming. The partnership will bring Kalshi’s real-time forecasts into several Fox News Media outlets, including Fox News Channel, Fox Business Network, Fox Weather, and the … Continue reading Fox partners with Kalshi to bring prediction markets into news coverage
Bipartisan House bill seeks to curb officials’ prediction market trading Jacob Woodward Two House lawmakers from opposite parties are pushing new legislation they say would stop federal officials from cashing in on inside knowledge through prediction markets. Rep. Adrian Smith, a Republican from Nebraska, and Rep. Nikki Budzinski, a Democrat from Illinois, introduced … Continue reading Bipartisan House bill seeks to curb officials’ prediction market trading
Hard Rock Bet adds AI Insights to personalize sports wagering experience Suswati Basu Hard Rock Bet has introduced a new artificial intelligence feature designed to change how people approach sports wagering, rolling out a tool that pairs tailored analysis with betting odds. In a statement initially shared with ReadWrite, the company said on … Continue reading Hard Rock Bet adds AI Insights to personalize sports wagering experience
