News Blog - Page 3 of 13

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...

Kalshi has added stronger age verification rules as regulators question whether its sports-related prediction markets are too similar to sports betting. The company says the new safeguards will block minors from accessing the platform. The move could help Kalshi avoid stricter regulation as states increase scrutiny of prediction market operators. Why Age Verification Became a Major Issue ...

Michigan lawmakers rejected Governor Gretchen Whitmer’s proposed 25–50 cent fee on each sports bet, leaving it out of current budget bills. The move shows strong opposition. As a major betting market, changes matter, and the issue may return. Lawmakers are still considering higher taxes on online casino gaming. What a Per-Bet Fee Would Have Meant The proposed fee would have been very diff...

Polymarket removed all Kentucky Derby betting contracts just days before Saturday’s race after Churchill Downs asked them to stop. The company agreed right away, taking away a popular alternative to regular sportsbooks. This decision shows how control over betting on major events is being challenged. It also affects users who already had money in Derby-related markets. Why Churchill Down...

Since the Supreme Court’s 2018 decision allowing states to legalize sports betting, U.S. sports journalism has shifted. Newsrooms now routinely include point spreads, totals, and odds movement in coverage, accelerating how information reaches betting markets and influencing sportsbook adjustments while raising concerns about fairness when audiences have financial stakes directly. The New...

Colorado lawmakers are advancing a bill that could change how sportsbooks operate. Nearing a House vote, it would limit advertising and add rules on deposits and betting. For bettors, this could mean fewer promotions and more steps to fund accounts. Lawmakers say the goal is to reduce harm by cutting aggressive ads and easy access to betting. What the Bill Would Change A CBS News repo...