Prediction market ads surge as March Madness betting hits record levels Suswati Basu Legal sports wagering in the United States keeps expanding as the NCAA basketball tournaments approach, but the industry’s main trade group says a new wave of prediction market advertising could complicate oversight and weaken consumer protections. Fresh estimates from the … Continue reading Prediction market ads surge as March Madness betting hits record levels
US lawmakers propose ban on death betting prediction markets Suswati Basu Members of Congress are moving to block a controversial corner of the prediction market industry by introducing legislation that would outlaw betting contracts tied to violence or death. The proposal, called the “Discouraging Exploitative Assassination, Tragedy, and Harm Betting in Event Trading … Continue reading US lawmakers propose ban on death betting prediction markets
MLS issues lifetime bans to two former players over betting scandal Suswati Basu Major League Soccer has permanently banned two former players after investigators concluded they gambled on league matches and passed along insider details to other bettors. The league announced Monday (March 9) that Derrick Jones and Yaw Yeboah received lifetime suspensions … Continue reading MLS issues lifetime bans to two former players over betting scandal
Oregon class action lawsuit targets Kalshi over alleged illegal sports betting platform operations Suswati Basu Prediction market company Kalshi is now battling a string of class action lawsuits that accuse it of operating what amounts to unlicensed sports betting. The cases, filed in several states, argue that the company’s online trading platform crosses … Continue reading Oregon class action lawsuit targets Kalshi over alleged illegal sports betting platform operations
Betting Council reacts as Andrew Rhodes exits UK Gambling Commission top role Suswati Basu The Betting and Gaming Council has been among those reflecting on the departure of UK Gambling Commission chief executive Andrew Rhodes, following confirmation that he will step down from the role on April 30, 2026. Reacting to the … Continue reading Betting Council reacts as Andrew Rhodes exits UK Gambling Commission top role
Underdog launches team parlays to challenge multi-pick sports betting markets trend Brian-Damien Morgan Suswati Basu Betting and stats giant Underdog has launched a new team parlays feature to rival the growing trend of multi-pick wagers on event contracts. A traditional Same Game Parlay (SGP) in the licensed sports betting world includes lines … Continue reading Underdog launches team parlays to challenge multi-pick sports betting markets trend
January 31, 2026 Why a Tennessee proposal to ban sports betting on campus is too little, too late
Alabama class action lawsuit aims to take down sports betting push by Kalshi Joel Loynds Suswati Basu A class action lawsuit has been filed in Alabama against Kalshi over what the plaintiffs claim is an illegal sports wagering website. Alabama is notoriously strict with its gambling laws, with it outright banned … Continue reading Alabama class action lawsuit aims to take down sports betting push by Kalshi
BetMGM and St. Louis Blues embark on official sports betting partnership Rachael Davies Suswati Basu BetMGM is now the official sports betting partner of the National Hockey League’s St Louis Blues in a new multi-year agreement. The announcement of the new partnership between the St Louis Blues and BetMGM promises exclusive fan … Continue reading BetMGM and St. Louis Blues embark on official sports betting partnership
FanDuel fined $350,000 by Ontario regulator over failure to report suspicious betting Joel Loynds Suswati Basu FanDuel has been hit with a CAD 350,000 ($ 252,000) penalty from the Alcohol and Gaming Commission of Ontario (AGCO). The fine comes as the Canadian arm of the sports gambling giant failed to tackle match … Continue reading FanDuel fined $350,000 by Ontario regulator over failure to report suspicious betting
