A New Jersey Assembly committee has advanced a bill to prohibit microbetting on digital platforms while leaving the format intact at Atlantic City casinos and licensed racetracks.
A new federal bill would essentially outlaw what Kalshi and Polymarket have built — and it’s drawing serious attention in Congress as state-level battles multiply.
America’s regulated iGaming market just crossed a threshold it has never reached before — $3 billion in a single quarter — and the sector shows no signs of slowing down.
New York’s Assembly passed it unanimously. The Senate committee approved it 7-0. Now the bill requiring monthly betting statements is heading to the full Senate floor.
The chair of the Nevada Gaming Control Board said prediction markets represent an end run around state oversight — and Louisiana’s top regulator was right there with him.
Federal prosecutors escalated their case against former NBA guard Terry Rozier, alleging he agreed to a six-figure bribe to leave a game early so gamblers could cash in on his statistical lines.
Arkansas just had its biggest sports betting month ever — and it took less than six weeks of FanDuel and DraftKings being live to get there.
Securities fraud claims have been filed against Sportradar after investigative reports alleged the data company derived up to 40% of its revenue from illegal gambling operators — sending shares down 22.6% in a single session.
The European Parliament is debating a one percent levy on online gambling that could generate up to 4 billion euros per year for the EU budget — a proposal with major implications for global operators like Flutter and Entain.
A Citizens JMP Securities study found prediction market combo users lose more on average than parlay bettors at licensed sportsbooks — adding a consumer protection dimension to the regulatory battle over Kalshi and Polymarket.
Short sellers have pocketed an estimated $2.3 billion betting against Flutter, DraftKings, and Entain in 2026 — with bears citing customer acquisition costs, prediction market competition, and rising state tax rates as their core thesis.
The American Gaming Association says prediction market platforms are siphoning more than $1 billion in annual tax revenue away from states, intensifying the industry’s push to rein in CFTC-regulated competitors like Kalshi and Polymarket.
