Economy/Finance

Nevada Resort Association Joins Kalshi Lawsuit to Challenge Gaming Laws

In a significant development in the ongoing legal battle between prediction market operator KalshiEx LLC and Nevada gaming regulators, the Nevada Resort Association (NRA) has been granted permission to interven...

Brazil’s Betting Sector Sounds Alarm Over Potential Tax Increases

As Brazil's government considers tax reforms to offset potential fiscal shortfalls, leaders from the country’s licensed betting industry have issued a strong collective warning: raising taxes on regulated opera...

Minnesota Supreme Court to Rule on Electronic Gambling Dispute Involving Running Aces

A legal conflict concerning electronic gambling has escalated to the Minnesota Supreme Court, where it will decide whether off-reservation electronic tables violate state agreements that grant Native American t...

Illinois Sports Betting Tax Hike Triggers Market Drop and Industry Outcry

The online sports betting industry took a significant hit this week after Illinois lawmakers unexpectedly approved a budget that includes a steep new tax on individual wagers, sending shockwaves through Wall St...

Louisiana House Passes Revised Bill to Raise Online Betting Tax

Louisiana lawmakers have taken a significant step toward restructuring the state’s online sports betting tax framework with the House’s passage of an amended version of House Bill 639. The legislation, introduc...

Michigan Online Gambling Revenue Slips Slightly in April

Michigan’s online gaming market experienced a marginal dip in April 2025, as internet gaming and sports betting operators collectively reported $290.7 million in gross receipts. This marks a slight decline of 0...

Maryland Finalizes 20% Tax Rate for Online Sports Betting

Online sportsbook operators in Maryland are now facing a steeper tax bill after Governor Wes Moore officially enacted a law increasing the tax rate for mobile sports betting platforms. The change, which raises ...