Sports betting

Baltimore Pursues Legal Action Against Top Sportsbooks for Consumer Protection Violations

The City of Baltimore has initiated a groundbreaking lawsuit against the sports betting giants DraftKings and FanDuel. Filed in the Baltimore City Circuit Court on Thursday, April 3, 2025, the legal action accu...

Hawaii Moves Closer to Legalizing Online Sports Betting Amid Debate

Hawaii is on the verge of a significant shift in its long-standing stance against gambling, as a bill to legalize online sports betting moves closer to approval. While it won’t take effect in time for this year...

Illegal Betting on Grand National Expected to Reach Nearly £10 Million

The Grand National is expected to witness an alarming rise in illegal betting, with industry analysts projecting that nearly £10 million will be wagered through unregulated channels. This surge in illicit gambl...

Kalshi Under Increasing Legal Scrutiny for Sports Prediction Markets

The regulatory storm surrounding prediction market operator Kalshi continues to intensify, with a growing number of states scrutinizing its operations. The Connecticut Department of Consumer Protection (DCP) ha...

Escalating Challenges for Tribal Gaming Highlighted by California Leaders at San Diego Convention

During a pivotal session at the Indian Gaming Tradeshow & Convention in San Diego, California tribal leaders, including James Siva, Chairman of the California Nations Indian Gaming Association (CNIGA), and ...

ATG and Suomen Hippos Join Forces to Launch Betting Company in Finland

Swedish horse racing and betting operator AB Trav och Galopp (ATG) has entered into a significant partnership with Suomen Hippos, the governing body for Finnish trotting and horse breeding. The two entities hav...

North Carolina Bill Seeks to Boost High School Coaches’ Pay Using Sports Betting Revenue

Lawmakers in North Carolina have introduced a new measure aimed at addressing financial challenges faced by high school athletic coaches. Senate Bill 657, also known as the "Keeping Our Coaches Act," proposes a...

Ohio Issues Cease-and-Desist Orders to Kalshi, Robinhood, and Crypto.com Over Sports Betting Contracts

Ohio has become the latest state to take regulatory action against Kalshi, Robinhood, and Crypto.com, issuing cease-and-desist orders against the three platforms for allegedly offering unlicensed sports betting...

Florida Advances Bill to Restrict Online Gaming Exclusively to Seminole Tribe

In a decisive step toward regulating online gambling within its borders, Florida's Senate Regulated Industries Committee has successfully advanced a bill that aims to solidify the Seminole Tribe's control over ...

New Jersey Orders Kalshi and Robinhood to Halt Sports Wagering Operations

The New Jersey Division of Gaming Enforcement (NJDGE) has issued cease-and-desist orders to prediction market platform Kalshi and financial trading firm Robinhood, demanding that they immediately cease offering...

PropSwap and Bally Bet Join Forces to Transform Mississippi Sports Betting

A groundbreaking partnership between PropSwap, the largest secondary market for sports wagers, and Bally Bet, a leading sportsbook operator, is set to reshape sports betting in Mississippi. Announced on March 2...

Sports Illustrated Partners with Galactic to Launch SI Predict for Non-Outcome Sports Markets

Sports Illustrated is venturing into the world of prediction markets with the launch of a new platform, SI Predict, in partnership with the UK-based digital marketing company Galactic. The innovative platform w...

Oklahoma Senate Approves Bill to Legalize Sports Betting

The Oklahoma Senate has approved a bill that could bring legal sports betting to the state, allowing both tribal casinos and the NBA’s Oklahoma City Thunder to participate in the market. The proposal, Senate Bi...

Underdog Fantasy’s $70M Funding Pushes Valuation to $1.23B, Aiming for Continued Growth

Underdog Fantasy, a rapidly growing sports gaming company based in Brooklyn, New York, has announced a successful Series C funding round, raising $70 million in the initial close. This investment brings the com...