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Legal Sports Report
Kalshi Faces Conflicting Claims Over Oklahoma Tribal Partnership
A faction of the Oklahoma tribe Kalshi calls a prediction market partner is disputing that relationship amid a broader fight over tribal gaming rights and federally regulated sports event contracts....
1 day agoRead story
Legal Sports Report
Massachusetts Regulators Ask Operators If AI Targets Losing Bettors
The Massachusetts Gaming Commission’s review of how operators use artificial intelligence is now underway, with regulators sending every licensed sports betting operator a detailed list of questions a...
1 day agoRead story
Legal Sports Report
NBA, WNBA Launching Responsible Gaming Campaign With NCPG
The NBA and WNBA will launch a responsible gaming campaign that warns fans about the risks of both sports betting and prediction markets, partnering with the National Council on Problem Gambling to...
1 day agoRead story
Legal Sports Report
BetMGM Sees Q3 Gains From Focus On Higher-Value Bettors
BetMGM reported higher third-quarter revenue and a sharp increase in operating earnings Tuesday as its focus on customer value over customer growth continued to take shape. The joint venture between...
2 days agoRead story
Legal Sports Report
Poll: Most Americans Oppose Betting On Elections Through Prediction Markets
Most Americans oppose using prediction markets to bet on U.S. elections, according to a new Reuters/Ipsos poll released weeks before the midterms. The poll, conducted Sept. 30 through Oct. 5, found...
2 days agoRead story
Legal Sports Report
Report: FTC Reviewing Online Sports Betting Industry
The Federal Trade Commission has started a review of online sportsbooks, including U.S. sports betting leaders DraftKings and FanDuel, according to The Washington Sun. The Sun reported Tuesday that...
3 days agoRead story
Legal Sports Report
Fliff Sports Promo Code for October 12: Get a 100% Match Bonus Up to $250 for MNF, NLCS, and ALCS
New users can grab the Fliff Sportsbook bonus, a 100% match up to , and put it to work on a stacked Monday night headlined by Bills-Rams on Monday Night Football, plus Game 2 of the NLCS in Milwaukee...
3 days agoRead story
Legal Sports Report
Michigan Regulator Sends C&Ds To 33 Offshore Operators
The Michigan Gaming Control Board issued cease-and-desist letters to 33 offshore operators Thursday, accusing them of illegally offering online casino games, sweepstakes-style games and sports...
5 days agoRead story
Legal Sports Report
Fliff Sportsbook Promo: Get a 100% Match Bonus Up to $250 for College Football (October 10)
Sign up as a new user at Fliff Social Sportsbook to claim a 100% match bonus up to , giving you extra bankroll to work with heading into one of the best Saturdays of the college football season....
6 days agoRead story
Legal Sports Report
PA, Wyoming Legislators Want To Ban Sweepstakes Casinos
Legislators in Pennsylvania and Wyoming both want to see sweepstakes casinos banned in their states. Wyoming’s Select Committee on Gaming sent draft 27LSO-0098 to the Legislature’s Management C...
6 days agoRead story
Legal Sports Report
DraftKings Sued By Seminole Tribe Over Sports Predictions In Florida
The Seminole Tribe of Florida is suing DraftKings, alleging the company’s prediction markets and fantasy sports offerings violate the Tribe’s exclusive rights to operate sports betting in...
7 days agoRead story
Legal Sports Report
NFL Submits Prediction Markets Stance To Supreme Court
The NFL is backing New Jersey in its bid to bring its fight with Kalshi to the Supreme Court. The league filed an amicus brief Thursday arguing that sports event contracts are not swaps and should...
7 days agoRead story
Legal Sports Report
Prediction Market Retreat Continues In Three States
Prediction markets are pulling back sports contracts in three more states amid mounting state regulatory pressure. Coinbase agreed Wednesday to stop offering new sports event contracts in Michigan by...
8 days agoRead story
Legal Sports Report
Lawmakers Demand Copies Of Every FanDuel VIP Celebrity Video
Sen. Richard Blumenthal (D-CT) and U.S. Reps. Paul Tonko (D-NY) and Valerie Foushee (D-NC) sent FanDuel CEO Christian Genetski a third letter Tuesday, demanding copies of every personalized celebrity...
8 days agoRead story
Legal Sports Report
Macquarie Lowers Sports Betting Stock Targets In Q3 Preview
Chad Beynon of Macquarie expects “cautiously optimistic” commentary from sports betting and online casino operators, which he said should be a positive for their stocks. He also, however,...
8 days agoRead story
Legal Sports Report
Maine Releases Revised Online Casino Rules
Maine regulators revised the state’s proposed online casino rules, clarifying that live dealer backend systems can sit outside the state and dropping the need for director approval of routine...
9 days agoRead story
Legal Sports Report
NFL Betting Handle Builds As Sportsbook Results Swing In First Month
NFL betting patterns are beginning to emerge four weeks into the season, with rising handle, volatile results and surging prediction market activity among the early trends. U.S. and Canada real-money...
9 days agoRead story
Legal Sports Report
Penn Stock Jumps As Upgrade Shifts Focus From Online Betting
Penn Entertainment stock jumped more than 5% Tuesday after an analyst upgrade put the focus on the company’s regional casino business following years of struggles in online sports betting....
9 days agoRead story
Legal Sports Report
TN Regulators Tired Of Human Error Excuse On Sports Betting Violations
Sports betting regulators in Tennessee have had about enough of hearing that violations were caused by human error. On Tuesday, the Tennessee Sports Wagering Council approved fines to be paid by...
9 days agoRead story
Legal Sports Report
Illinois Judge Sides With Kalshi Despite Calling Contracts Bets
A federal judge in Illinois ruled Friday that Kalshi‘s sports event contracts are likely swaps under federal law, blocking the state from enforcing its licensing rules against the prediction...
9 days agoRead story
Legal Sports Report
MGM, Caesars Not Risking Casino Licenses For Prediction Markets
MGM Resorts and Caesars Entertainment have no plans to follow DraftKings or FanDuel into prediction markets, as casino executives warn that doing so could jeopardize their larger businesses. MGM CEO...
15 days agoRead story
Legal Sports Report
Volume Rewards Program On Kalshi Set To End Nearly A Year Early
Kalshi is ending its Volume Incentive Program, which paid participants based on their share of volume, according to a Sept. 28 self-certification filing with the Commodity Futures Trading Commission....
16 days agoRead story
Legal Sports Report
Fluharty: Predictions Are ‘Moonshine’ To Sports Betting’s Fine Wine
A West Virginia lawmaker compared prediction markets to moonshine at the Global Gaming Expo, arguing that states, not Washington, should police the industry. Del. Shawn Fluharty, a Democrat in the...
16 days agoRead story
Legal Sports Report
Michigan Regulators Reviewing Issues Raised In DraftKings AI, VIP Reports
The Michigan Gaming Control Board told LSR it is reviewing the issues raised in recent New York Times and ProPublica reports on DraftKings‘ use of artificial intelligence and machine learning...
16 days agoRead story