Tag: Sports Betting

On Monday, the House Appropriations Committee voted 20-1 in favor of a bill that proposes doubling the Louisiana sports betting tax. House Bill 639 would raise the tax rate from the current 15% to 32.5% for online

The Illinois Gaming Board (IGB) announced that it will no longer allow credit card payments for sports betting. The rule change has the potential to increase players at crypto betting sites as users seek convenient

Americans have placed bets totaling over $500 billion since the US Supreme Court paved the way for legal sports betting in 2018. Betting was up from last year in March, totaling over $15 billion. This is the highest

The Senate Business and Insurance Committee passed two bills on Thursday that could bring Oklahoma sports betting. The committee voted 8-1 in favor of passing House Bill 1047, which proposes allowing the state’s

Gov. Green gave signs that he would approve any bill to bring legal sports betting to Hawaii, as long as it has proper safeguards in place. Green commented, “Look, as long as there’s some safeguards with

Kalshi submitted a 16-page document to the court in New Jersey, defending their position that designated contract markets are under the authority of the Commodity Futures Trading Commission (CFTC). New Jersey issued

Lawmakers are continuing their push to make Minnesota sports betting legal, with another bill introduced this week. Bill SF3414 is the fifth proposal in the state to make sports betting legal. Other attempts have failed

Kalshi refuses to back down against state regulators and has filed a lawsuit in Maryland. This is in response to the cease-and-desist letter that the Maryland Lottery and Gaming Control Commission (MLGCC) sent on April

New Jersey Attorney General Matthew Platkin has submitted his opinion to the courts in the state’s case against Kalshi. He claims sporting event contracts are no more than sports betting and must comply with state

MGM Resorts has agreed to pay the settlement of $8.5 million for failure to adhere to anti-money laundering regulations. The settlement relates to allowing unregulated betting operator Wayne Nix to gamble at their