Tag: Sports Betting

Free bet offers have traditionally not been taxed, however, a bill put forward in Colorado looks to change that. Current regulations mean sportsbooks in the state can deduct a certain percentage of free bets issued to

Lawmakers advanced bill 48 through its second reading, which brings Alberta sports betting closer to becoming a more open market. The bill aims to provide a framework for regulated online gambling in the province and

Betting legal expert Daniel Wallach has claimed that states could use the federal wire act in their fight against sports prediction markets. The Federal Wire Act of 1961 makes it illegal to “Knowingly use a wire

A new bill introduced in New York aims to cap sports betting and place restrictions on sportsbooks running ads. Assemblyman Robert C. Carroll introduced bill a7962, which will now face discussion in the Assembly Racing

Cincinnati City Councilman Scotty Johnson came out against the rise of peewee football betting in a joint meeting between Cincinnati Public Schools and City Council on Wednesday. The spread of illegal bets on youth

The Massachusetts Gaming Commission (MGC) held a hearing on Thursday investigating the endorsement of a risk free bet on ESPN last year. The incident relates to a segment on ESPN College Game Day in March last year.

Kalshi continues to push the boundaries of what markets are acceptable under its prediction market business model. MLB moneylines appeared on the website on Wednesday for the first time. Users can now

A report published by the Campaign For Accountability has criticized US gambling firms that oppose measures to reduce problem gambling. The 23-page report is titled “The Online Gambling Industry’s Two-Faced

The Tennessee Sports Wagering Council (SWAC) has contacted the Commodity Futures Trading Commission (CFTC), urging them to stop sports event trading. SWAC Director Mary Beth Thomas sent a letter to CFTC Acting Chair

Following the popularity of markets on March Madness, Kalshi has added NBA moneylines to its prediction markets. Previously, the events contract site only offered futures markets on the NBA. Kalshi reported trading of