News Blog - Page 3 of 12

Oklahoma lawmakers again rejected legal sports betting, as the Senate voted down HB 1047 for a second time. The bill would have allowed online and in-person betting through tribal casinos and generated up to $20 million annually. Disputes over control and safety concerns stalled progress, leaving residents to bet offshore or out of state. Disagreements Over Tribal Control The main iss...

New York Attorney General Letitia James is suing Coinbase and Gemini, accusing them of running illegal gambling operations. The state says their prediction markets, where users bet on events like sports and elections, lack proper licenses. Officials want these services shut down unless approved, and the case could impact similar platforms nationwide. New York AG Says Prediction Markets Ar...

Minnesota lawmakers are again pushing to legalize mobile sports betting with a new bill giving tribal casinos exclusive control. The plan blocks major companies and follows past failed efforts. If approved, residents could bet statewide, but options may be limited since only tribal operators would run the apps. Tribal Framework Emerges as Most Viable Path Minnesota has had a hard time ...

An investigation found FanDuel Canada users are confused about single-sport betting rules change by location. Many receive no clear warnings, leading to disputes, refund requests, and frustration. Similar issues exist in the United States, where differing regional laws create inconsistent experiences and can damage company reputations and attract regulatory attention. How Geolocation and ...

Nevada is taking strong action against online prediction markets, banning one company and pushing another to leave the state. These moves show that regulators in the country’s gambling capital are not ready to allow these platforms to operate freely. Prediction markets let people bet on the outcome of real-world events, like sports games. Some companies say these are financial tools, not gam...

DraftKings has announced plans to expand into Alberta, Canada, offering both online sports betting and casino games. The company shared this news with investors. This is another step in DraftKings’ plan to grow across North America as more places allow legal online gambling. For US bettors and industry watchers, this move is important. It shows how big companies test new ideas and features i...

Kalshi has filed a lawsuit against the state of Montana after regulators ordered the company to stop operating there for the second time. This conflict highlights a larger debate about how prediction markets should be regulated. Montana officials believe Kalshi is offering products similar to sports betting without proper licenses. Kalshi disagrees, saying its services are part of a federally a...

Wisconsin has officially joined the growing number of states that allow online sports betting. Governor Tony Evers signed new legislation this week, making mobile wagering legal across the state. The bill passed with bipartisan support, reflecting a broader national shift toward accepting regulated sports betting. Even though the law is now in place, residents will not be able to place bets ...

A new data analysis suggests that most people using Polymarket, a cryptocurrency-based prediction platform, are losing money. According to a study shared on Reddit, about 84% of users are not profitable. Out of roughly 2.5 million wallets studied, only a small group of users consistently made money. The findings show a clear pattern: while a few traders earn profits, most users end up losing...

A Nevada judge has ruled that prediction market company Kalshi cannot offer its services in the state without a proper gaming license. This decision is a major setback for Kalshi, which is already facing legal challenges across the United States. Nevada’s Decision and Kalshi’s Argument Judge Jason Woodbury ruled that Kalshi’s products are basically the same as sports betting. He said that...

The iconic online gambling platform Bodog is transforming into a media site focused on the gambling industry. This announcement comes shortly after Bodog's recent transition of rebranding their betting operations as Ozoon for Canadian players. According to Bodog's updated About Us page, the brand is now a media platform covering topics related to casinos, sports betting, wellness, travel, and ...

Polymarket, the cryptocurrency-based prediction market platform, is facing fresh scrutiny after users on Reddit alleged potential insider trading activity tied to a market about a possible Iran invasion. The allegations, which surfaced in community discussions, center on whether individuals with privileged geopolitical information may have exploited their knowledge to profit from high-stake...

Netflix is raising its subscription prices just weeks before streaming its first mixed martial arts (MMA) event. The fight card, headlined by Ronda Rousey vs. Gina Carano, will take place on May 16. It is promoted by Jake Paul’s Most Valuable Promotions and will be available to all Netflix subscribers without a pay-per-view charge. Higher Subscription Costs Across Three Netflix Plans Netf...

Sports betting companies are facing new legal pressure over how their products are designed. A lawsuit against the NFL, DraftKings, and FanDuel claims fast-paced microbetting features can lead to addiction and major losses. The case raises important questions about player protection, VIP programs, and the future of live betting. What is the Lawsuit About? Two men filed a lawsuit in Pennsy...

A new bipartisan Senate bill could reshape the future of prediction markets in the U.S., targeting platforms that offer sports and casino-style contracts. Lawmakers aim to close regulatory gaps, sparking a broader debate over gambling laws, market innovation, and federal versus state authority. What Is the Bill About? A new Senate bill could change how prediction markets work in the U...