News Blog - Page 2 of 12

The countdown to the 2026 FIFA World Cup is on, and there’s no better way to experience every upset, breakout star, and unforgettable moment than by putting your soccer knowledge to the test in The Sports Geek’s free World Cup Pick’em Contest. With the tournament returning to North America this summer, fans across the United States and Canada now have a chance to compete for bragging rights, a...

A Nevada congresswoman criticized the CFTC for regulating prediction markets tied to sports and other events. He argued the agency should focus on commodities instead of betting-style contracts. The debate could reshape how Americans place wagers, with Nevada leaders supporting state control while federal regulators claim authority over prediction markets. Nevada's Defense of State Gaming...

Rhode Island Attorney General Peter Neronha has filed a lawsuit against Polymarket and Kalshi, two of the world’s biggest online prediction market platforms. The lawsuit claims the companies are running unregulated sports betting operations in Rhode Island. The 32-page complaint was filed on May 21 in Providence County Superior Court. It argues that the companies’ “event contracts” are reall...

Jake Paul’s gaming company, Betr, has bought Ascent Capital Management Inc. The deal gives Betr approval to operate in the prediction markets industry under federal rules. In May 2026, the company also announced a partnership with Polymarket to bring prediction markets directly into the Betr app. The Deal That Opens the Door to Prediction Markets Betr’s purchase of Ascent Capital Manageme...

Congress is increasing pressure on the growing prediction markets industry. On May 22, House Oversight and Government Reform Committee Chairman James Comer announced investigations into possible insider trading involving prediction market platforms Kalshi and Polymarket. Comer revealed the investigations during an appearance on CNBC’s “Squawk Box.” The probe focuses on suspicious trades conn...

Prediction market companies Kalshi and Polymarket are facing criticism over ads that lawmakers say may appeal to teenagers. Senators introduced new legislation targeting gambling ads aimed at minors, while a Senate hearing examined social media’s role in exposing young people to gambling content. One industry leader compared the companies’ marketing tactics to Juul. The Advertising Contro...

Prediction market companies faced tough questions from lawmakers Wednesday during a Senate Commerce Committee hearing about sports betting, gambling addiction, and state gaming laws. Senators from both parties criticized companies like Kalshi and Crypto.com over concerns about youth marketing, cheating in sports, and competition with state-regulated sportsbooks and tribal casinos. Concern...

Washington state became the first state to ban player prop bets and live in-game wagering. The law blocks bets on player performances and wagers made during games. Meanwhile, Ohio lawmakers are considering stricter gambling rules. These changes could reshape sports betting nationwide and force regulated sportsbooks to change how they operate and attract customers. What the Ban Means for B...

The sports betting industry is spending millions of dollars on Georgia political campaigns as lawmakers once again consider regulating online sports betting in the state. Major sportsbook companies and political groups connected to the industry have reportedly spent around $10 million to influence Georgia elections connected to sports gambling laws. Sports Betting Industry Pushes for Grow...

Connecticut regulators are investigating more than 200 suspected cases of minors using parents’ DraftKings and FanDuel accounts to place sports bets. The incidents raised concerns about sportsbook security and could lead to stricter identity checks nationwide. Bettors may eventually face additional login and verification steps to prevent underage gambling. How Minors Accessed Sportsbook A...

A Wisconsin judge allowed the Ho-Chunk Nation’s lawsuit against Kalshi to continue. The tribe argues Kalshi’s sports event contracts are a form of sports betting that violates tribal gaming rights. The case could shape how prediction markets are regulated nationwide and impact bettors, tribal casinos, and prediction market companies across the country. What the Lawsuit Claims About Event ...

Kentucky Attorney General Russell Coleman is pushing back against federal regulators over who should control sports-related prediction markets like Kalshi and Polymarket. In a letter sent Monday to the Commodity Futures Trading Commission (CFTC), Coleman argued that these platforms are basically offering sports betting and should be regulated by states, not the federal government. Coleman...

Before UFC 328, unusual betting activity caused Joaquin Buckley’s odds to shift from a +150 underdog to a -220 favorite. BetOnline responded by closing prop bets and lowering limits. Despite heavy betting support for Buckley, Sean Brady won by unanimous decision, raising new concerns about fairness and integrity in MMA betting markets. The Dramatic Line Movement and Sportsbook Response ...

Oklahoma is moving closer to banning sweepstakes casinos after lawmakers approved SB 1589 with strong bipartisan support. The bill targets online casino-style games that use dual-currency systems and expands liability to companies connected to the industry. Oklahoma now joins a growing number of states cracking down on sweepstakes gambling in 2026. A Strong Legislative Push in Oklahoma ...

FanDuel announced a major leadership change as CEO Amy Howe stepped down and Eric Genetski took over. Flutter Entertainment confirmed the move. Howe was one of the sports betting industry’s most recognizable female leaders, and her departure could lead to changes in FanDuel’s promotions, customer policies, and betting features moving forward. Howe’s Role in FanDuel’s Growth Amy Howe le...