3+ day, 3+ hour ago   (801+ words) Online betting is becoming more common in Americans’ financial activity, with younger consumers driving much of the growth, according to a new Bank of America Institute (BOAI) report. The study found bettors receive less than 75 cents on average for every…...

1+ week, 3+ day ago   (459+ words) Mobile and online betting contributed to a significant month-over-month sports betting revenue increase in Missouri in July, even though total sportsbook handle declined from June. The decline in sports betting handle in July marks the sixth consecutive monthly decline since…...

1+ week, 6+ day ago   (466+ words) Asian casinos may lose hundreds of millions of dollars per year from players using AI-assisted tools for baccarat. Baccarat side bets make up a small part of total betting, but they can bring in a large share of casino revenue....

1+ week, 6+ day ago   (554+ words) Sports-related event contracts are not “swaps,” according to a federal appeals court. The Supreme Court, however, will likely have the final say whether states can regulate prediction markets. On August 28, the Ninth Circuit Court of Appeals rejected Kalshi’s request for…...

2+ week, 1+ day ago   (463+ words) Canadian regulators have made a clear distinction between sports betting and event contracts, at least for the immediate future. On August 27, the Canadian Securities Administrators (CSA) clarified that prediction markets involving sports and entertainment won’t be treated as securities products....

2+ week, 1+ day ago   (443+ words) Pennsylvania residents experiencing gambling addiction can now receive case management support services via the Department of Drug and Alcohol Services Programs. Pennsylvania leaders announced the enhanced support for people struggling with gambling addiction on August 26, citing concerns about easier access…...

2+ week, 5+ day ago   (455+ words) DraftKings has leveraged a legal loophole to offer sports betting in California. The popular sportsbook launched a predictions platform in the Golden State, drawing concerns from state regulators and tribal gaming leaders. DraftKings launched DraftKings Predictions, a standalone app, in…...

3+ week, 2+ day ago   (1033+ words) In this guide, we’ll analyze the numbers and trends of US gambling revenue by state. We compare GGR, tax collections, and long-term growth to identify which markets lead, which are emerging, and the policy decisions driving the divide. US commercial…...

3+ week, 4+ day ago   (464+ words) The Nevada Gaming Control Board (NGCB) is asking a state court to impose $120,000 in daily penalties on Kalshi over an escalating dispute involving the prediction market platform’s geofencing measures. The NGCB claims Kalshi failed to comply with an Aug. 12 deadline…...

3+ week, 5+ day ago   (410+ words) Kalshi and Polymarket’s legal battles are piling up in several states. Now, the city of Baltimore is taking action against the prediction market operators. On August 13, Baltimore Mayor Brandon Scott filed a lawsuit against Kalshi and Polymarket, accusing the prediction…...