NCAA details Alabama State betting scheme as four players fined $2K Suswati Basu Four former Alabama State men’s basketball players took part in a plan to influence the outcome of a December 2024 game against Southern Mississippi in exchange for money from outside bettors, according to an NCAA infractions decision released Thursday (June … Continue reading NCAA details Alabama State betting scheme as four players fined $2K
New Mexico sues Kalshi as tribes escalate sports betting fight Suswati Basu New Mexico Attorney General Raúl Torrez has filed suit against prediction market operator Kalshi, arguing the company is offering online sports betting in the state without the licenses required under New Mexico law. The case, filed Thursday (June 4) in Santa … Continue reading New Mexico sues Kalshi as tribes escalate sports betting fight
Bipartisan bill seeks federal gambling disorder study as betting spreads across the US Suswati Basu A bipartisan group of lawmakers wants the federal government to take a much closer look at gambling addiction as online sports betting continues to spread across the United States. Reps. Dan Goldman of New York and Blake Moore … Continue reading Bipartisan bill seeks federal gambling disorder study as betting spreads across the US
Tribal coalition urges appeals court to reject Kalshi betting theory challenge in Tennessee Suswati Basu A coalition of tribal organizations and federally recognized tribes is asking a federal appeals court to overturn a ruling that temporarily blocked Tennessee from enforcing its sports wagering laws against prediction market operator Kalshi. The filing, submitted Tuesday … Continue reading Tribal coalition urges appeals court to reject Kalshi betting theory challenge in Tennessee
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
Minnesota lawmakers push felony ban on prediction market betting platforms Suswati Basu Minnesota lawmakers from both parties are moving ahead with a bill that would outlaw most forms of betting on prediction markets, adding steep criminal penalties for companies and individuals tied to the fast-growing space. Originally filed on March 17, Senate Bill … Continue reading Minnesota lawmakers push felony ban on prediction market betting platforms
Kalshi seeks preliminary injunction as tribes oppose Arizona betting crackdown Suswati Basu Kalshi is asking a federal judge in Arizona to step in and halt state enforcement actions targeting its event-based trading platform. The move ramps up a growing legal fight over whether Kalshi’s contracts should be treated as legitimate financial products or … Continue reading Kalshi seeks preliminary injunction as tribes oppose Arizona betting crackdown
Tribal sportsbooks see surge in betting as kiosks dominate activity Suswati Basu Sports betting inside tribal casinos across North America is rising quickly, with more than 10 million wagers placed through tribal sportsbook networks during 2025, according to the 2026 Kambi Tribal Sports Betting Report. The figures show tribal operators carving out a … Continue reading Tribal sportsbooks see surge in betting as kiosks dominate activity
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
