News Blog - Page 2 of 17

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, 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...

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 ...

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 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 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...

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%. ...

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...

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’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 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'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...

Colorado's sports betting market has produced an unexpected trend. According to Colorado Public Radio, bettors in the state are now wagering nearly $1 million on table tennis every day. At the same time, Colorado's overall sports betting handle reached roughly $6.5 billion for the fiscal year ending in June 2026. That was a 2.3% increase from the previous year. The numbers show how online...

NFL betting habits are changing fast. A new report shows live wagering has become a major part of the game, even for bettors who prefer pre-game bets. With players using multiple sportsbooks and demanding better apps, operators face growing pressure to improve the experience and keep customers coming back. Stated Preferences Don't Tell the Whole Story Pre-game betting remains the most ...

The NCAA has closed its investigation into the University of Cincinnati and cleared the school of wrongdoing in the gambling case involving former quarterback Brendan Sorsby. NCAA staff found that Cincinnati fully cooperated with the investigation. Sorsby, who was ruled permanently ineligible in April, still faces a separate federal lawsuit from his former school. Cincinnati Gets the All-...