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Category: Sports Betting
Peewee Football Betting Leading To Violence At Games
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
Massachusetts Investigates ESPN “Risk-free investment” Comment
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 Adds MLB Moneylines To Expanding Range Of Sports Markets
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
New Report Condemns US Gambling Companies
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
Tennessee Regulator Urges CFTC To Stop Sports Event Trading
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
North Carolina Senate Proposes Doubling Sports Betting Tax
After a year of legal sports betting, North Carolina is looking to cash in by doubling sports betting tax. The Senate budget was put forward on Monday and has a provision to increase the tax from 18% to 36%. The state
Nebraska Moves Closer To Legal Sports Betting
The unicameral legislature approved Sen. Eliot Bostar’s LR20CA by a margin of 27-16. The bill proposes to legalize online sports betting in the state. It would allow Nebraska’s six casinos and racetracks to
Kalshi Joins Crypto.com In Offering NBA Moneylines
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
New York Sports Betting Handle Sets New US Record For Year
New York sports betting handle reached $23.95 billion in the financial year 2024-25. This set a new record for the state, surpassing the $19.3 billion wagered in 2023-24. It is the most ever recorded by a state in the
Michigan Announces Investigation Into Prediction Markets
It had already been rumored that Michigan was investigating sports prediction markets, but the state made an official announcement on Friday. Henry Williams, chair of the Michigan Gaming Control Board (MGCB) commented: