Sports betting

California Attorney General Says Daily Fantasy Sports Are Illegal Gambling

On July 3, 2025, California Attorney General Rob Bonta released a formal 33-page legal opinion declaring that daily fantasy sports (DFS) platforms—including pick’em and draft-style contests offered by companies...

Court Rejects Underdog’s Bid to Block AG’s DFS Opinion as PrizePicks Adapts

A California court has denied Underdog Sports' request to block Attorney General Rob Bonta from issuing his long-anticipated legal opinion on the legality of daily fantasy sports (DFS) in the state. The rul...

Malik Beasley Under Federal Scrutiny for Alleged NBA Gambling Ties

Malik Beasley, a prominent NBA sharpshooter who most recently suited up for the Detroit Pistons, is currently under federal investigation over alleged gambling activity tied to NBA games and player-specific pro...

Attorney General’s Ruling May Redefine Fantasy Sports Legality in California

Online fantasy sports may soon be classified as illegal gambling under California law, as Attorney General Rob Bonta prepares to issue a long-awaited legal opinion that could have sweeping implications for fant...

Arizona Sports Betting Revenue Sees Decline Amid Increased Wagering

Arizona's sports betting market experienced a surge in betting activity in March 2025, with bettors wagering an impressive $887.4 million, marking a 16.8% year-over-year increase compared to March 2024. Despite...

Polymarket Nears $200 Million Round, Boosting Valuation to $1 Billion

Polymarket, a decentralized prediction platform, is approaching the final stages of securing a $200 million funding round that will propel its valuation beyond the $1 billion mark. This major milestone for the ...

DraftKings Forms Political Action Committee to Bolster Policy Influence

DraftKings has taken a significant step into electoral politics with the formation of its own corporate political action committee (PAC). The move, confirmed through filings with the Federal Election Commission...

Pennsylvania Gaming Revenue Hits Record $601.8 Million in May 2025

In May 2025, Pennsylvania's gaming industry achieved a historic milestone, surpassing $600 million in total revenue for the first time ever. According to the Pennsylvania Gaming Control Board (PGCB), the state'...

Surrey Scorchers Players Banned Following Match-Fixing Investigation

A significant scandal has rocked British basketball as five former players of the Surrey Scorchers have been banned following a comprehensive investigation into match-fixing within the 2022-2023 British Basketb...

Wyoming Legislature Proposes Significant Tax Increases on Gambling Industries

A legislative committee in Wyoming has proposed sweeping tax hikes targeting the state's gambling sector, signaling a move to tighten regulations and capture a larger share of the growing revenue from gaming ac...

FanDuel Explores Partnership with Kalshi to Enter the Prediction Market Space

In recent months, Kalshi has garnered significant attention in the sports betting world, especially after its successful legal battles to offer prediction markets, including sports event contracts. As sports pr...