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Esports Betting Volume More Than Doubled In 2024
Esports betting continues to grow exponentially, and a new report showed that betting volume increased by 109% year-on-year in 2024. Oddin.gg compiled the report that shows betting volume had a huge increase, as well as
CFTC Cancels Roundtable Over Sports Prediction Markets
The Commodity Futures Trading Commission (CFTC) announced that a roundtable to discuss sports prediction markets, scheduled for April 30th, will not take place. Many stakeholders opposed to the spread of event contracts
Hawaii Governer Will Likely Approve Legal Sports Betting
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 Responds In New Jersey Federal Court Case
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
Nebraska Online Sports Betting Bill Fails
Sen. Eliot Bostar’s bill to bring Nebraska online sports betting was withdrawn on Wednesday. Bostar introduced bill LR20CA in January, and it initially made progress, winning approval in a 27-16 vote. However,
Lawsuit Challenges Florida Online Sports Betting
The Seminole Tribe started offering Florida online sports betting more than a year ago, but a lawsuit filed on Wednesday claims voter approval is needed. Protect the Constitution LLC filed the lawsuit on Wednesday in
Crypto Casinos Generated $81 Billion In Revenue Last Year
Revenue generated by crypto casinos soared to over $81 billion last year, marking a fivefold increase from 2022. In a report published by Yield Sec, the top earners were Stake, Rollbit, and Roobet. Stake alone generated
DraftKings Faces Lawsuit Over Casino Deposit Bonus
The lawsuit, filed in the Eastern Pennsylvania District Court, takes issue with the $1000 casino deposit bonus offered by DraftKings. The complaint states, “DraftKings attracts new users and keeps existing users
Religious Groups Oppose South Carolina Sports Betting
Several religious groups sent a letter declaring opposition to legalizing South Carolina sports betting. On Tuesday, the South Carolina House Ways and Means Revenue Policy Subcommittee held a hearing over proposals to
Minnesota Introduces Another Bill To Legalize Sports Betting
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