News Blog Archive
We cover the latest gambling news, including regulation developments in the US around online sports betting, poker, and casino games. Our writers follow the gambling industry closely, providing news on legislation plans in different states, important business deals, innovations, and more.
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Read More → DraftKings Stock Hits Three-Year Low Amid Industry Selloff
DraftKings stock fell to its lowest level in more than three years this week, closing Wednesday at $19 before dipping as low as $18.58 on Thursday.
The slide reflects disappointing earnings, mounting competition from prediction markets, and growing scrutiny of the sportsbook's gambling practices.
A Rough Stretch for Sportsbook Stocks
DraftKings shares have lost roughly half their valu...
DraftKings CEO Jason Robins Defends Responsible Gaming Record
DraftKings CEO Jason Robins pushed back on Tuesday against recent media scrutiny of his company's responsible gaming practices, calling it frustrating that critics assume the sportsbook profits from encouraging harmful betting.
Speaking at SBC Summit in Lisbon, Portugal, Robins' comments followed stories from The New York Times on DraftKings' use of AI and ProPublica on its handling of prob...
6th Circuit Rules Against Kalshi, Deepening Federal Split Could Go to Supreme Court
A federal appeals court handed Kalshi a major setback on Friday. The court ruled that sports event contracts do not qualify as federally regulated swaps and that states such as Tennessee and Ohio can enforce their gambling laws against prediction market operators.
The decision adds to a growing disagreement among federal courts and could increase the chances that the U.S. Supreme Court event...
Brazil Bans Online Betting Less Than Two Years After Regulation
Brazil has abruptly pulled the plug on its online betting market. President Luiz Inácio Lula da Silva signed Provisional Measure No. 1.394 on September 25, 2026, and it took effect the same day on publication.
The move dismantles a regulated industry that only opened for business at the start of 2025.
What the New Measure Does
The measure bans the operation, offer, intermediation, and...
Entain Slashes 2026 Revenue Forecast After Brazil Bans Online Betting
Entain, the British gambling company behind Ladbrokes and BetMGM, has lowered its growth forecast for 2026 after Brazil moved to ban online sports betting and casino gaming.
The company now expects online net gaming revenue to grow by just 4% to 6%. Entain blamed Brazil’s regulatory change for the lower outlook.
The company also expects earnings before interest, taxes, depreciation, and a...
Massachusetts Gaming Commission Investigates DraftKings' AI-Driven Promotional Targeting
The Massachusetts Gaming Commission (MGC) has opened an investigation into how DraftKings and other regulated sportsbooks use artificial intelligence to target bettors with promotions.
The investigation follows a New York Times report alleging DraftKings used machine learning to identify customers who were more likely to continue betting and losing after receiving promotional offers.
MGC ...
G2E 2026 Adds Prediction Markets Panel to Main Stage Lineup
The Global Gaming Expo (G2E) 2026 has officially added a prediction markets panel to its main stage lineup. The move puts one of the biggest debates in US gambling regulation in the spotlight at the industry's leading annual conference.
G2E 2026 is scheduled to take place later this year in Las Vegas.
Prediction Markets Take Center Stage
G2E's decision to feature prediction markets on ...
Missouri AG Sends Cease-and-Desist Letters to Six Prediction Market Operators
Missouri Attorney General Catherine Hanaway has ordered six prediction market companies to stop offering sports event contracts to Missouri residents.
The cease-and-desist letters were sent to Polymarket, Kalshi, Crypto.com, Novig, Underdog, and Robinhood. Hanaway’s office argues that the companies are offering unregulated sports wagering in the state.
The AG’s office says calling these p...
Federal Prosecutors Identify 18 Pitches at Center of Clase-Ortiz MLB Pitch-Fixing Trial
Federal prosecutors have identified 18 pitches they claim Cleveland Guardians closer Emmanuel Clase tipped to bettors over three MLB seasons. One of those pitches came during the 2024 playoffs.
Court documents obtained by ESPN's David Purdum show that the U.S. Attorney's Office for the Eastern District of New York is focusing on a specific group of pitches. The details provide a clearer look...
House Committee Clears Bill to Restore 100% Gambling Loss Tax Deduction
A bill that would reverse a controversial gambling tax change has cleared an important hurdle.
Nevada Rep. Dina Titus announced Wednesday that her FAIR BET Act passed out of committee. The measure is now one step closer to a full House vote.
The bill would reverse a provision included in last year's reconciliation package that reduced the federal gambling loss deduction from 100% to 90%.
...
Texas Senate Takes Aim at Prediction Markets, Calling Them Disguised Sports Betting
The Texas Senate Committee on State Affairs met on September 15 to discuss whether prediction markets like Kalshi should be considered unregulated gambling under state law.
The American Gaming Association (AGA) wants Texas to apply its current gambling laws to these platforms. Lawmakers are also looking at how prediction markets could affect the integrity of elections and sports.
At the c...
Major Pro Sports Leagues and Players' Unions Demand Lifetime Betting Bans for Bettors Who Threaten Athletes
Five of America's biggest professional sports leagues and their players' unions are calling on state gaming regulators to permanently ban bettors who harass or threaten athletes.
The joint letter, sent Tuesday, is one of the strongest coordinated efforts yet from major sports leagues to address harassment connected to the growth of regulated sports betting.
A United Front Against Bettor H...
Missouri Casino Revenue Slips 3.5% in August as Table Games Take a Hit
Missouri’s commercial casinos generated $171.4 million in gaming revenue in August, a 3.5% drop from the same month last year, according to figures from the Missouri Gaming Commission.
The decline was mainly caused by a sharp drop in table game revenue. Slot machines performed much better and helped limit the overall decline. Four of Missouri’s 13 casinos posted year-over-year gains, but sev...
Connecticut Cracks Down on Nine Prediction Market Platforms
Connecticut regulators have taken major action against the prediction market industry, sending cease-and-desist orders to nine companies. The list includes Polymarket, Robinhood, and Coinbase.
State officials claim these platforms are offering sports betting without proper Connecticut authority, escalating the ongoing battle over how prediction markets should be regulated nationwide.
The ...
Missouri Sports Betting Delivers More Tax Revenue in July Despite Drop in Total Wagers
Missouri's sports betting market generated more tax revenue in July, even as bettors wagered less money during the month.
The difference between betting handle and tax collections offers an interesting look at Missouri's young sports betting market. While betting activity slowed, the state still collected more revenue. Regulators and sportsbook operators will be watching this trend as the ma...
