iGaming

Kalshi and Polymarket faced new legal battles as states advanced taxes, Congress proposed new restrictions, and traditional finance moved further into prediction-style markets. Kalshi and Polymarket faced new legal battles as states advanced taxes, Congress proposed new restrictions, and traditional finance moved further into prediction-style markets. This week marked another busy period for the prediction…

U.K. gambling operators will pay 25% more to hold a UKGC license from October, adding another financial burden for an industry already facing higher gambling taxes, a statutory levy, and calls for further reform. U.K. gambling operators will pay 25% more to hold a UKGC license from October, adding another financial burden for an industry…

Most of the industry's largest sweepstakes casino operators have withdrawn from Indiana after the state's new prohibition took effect on July 1. Most of the industry's largest sweepstakes casino operators have withdrawn from Indiana after the state's new prohibition took effect on July 1. As Indiana’s sweepstakes casino ban took effect on July 1, many…

North Carolina lawmakers moved closer to taxing prediction markets as part of a broader gambling tax package. At the same time, New Jersey advanced a proposal to impose a new surcharge on prediction market operators. North Carolina lawmakers moved closer to taxing prediction markets as part of a broader gambling tax package. At the same…

Ex-NBAers Ed Davis, Damon Jones also allegedly involved in plot to profit from fixed player props. Ex-NBAers Ed Davis, Damon Jones also allegedly involved in plot to profit from fixed player props. Former NBA player Malik Beasley on Wednesday pleaded not guilty to four federal charges stemming from an indictment in the Eastern District of…

Two petitions await verification before Nebraska voters can decide whether to legalize online sports betting this November. Two petitions await verification before Nebraska voters can decide whether to legalize online sports betting this November. Efforts in Nebraska to legalize online sports betting moved a step closer to the November ballot after supporters submitted approximately 350,000…

Retailers and an industry advocacy group argue Missouri officials are using criminal investigations and licensing pressure to settle a legal question they say belongs in the courts. Retailers and an industry advocacy group argue Missouri officials are using criminal investigations and licensing pressure to settle a legal question they say belongs in the courts. Two…

Prediction market operator faces daily six-figure fine if it cannot meet temporary restraining order's geolocation requirement Prediction market operator faces daily six-figure fine if it cannot meet temporary restraining order's geolocation requirement A Michigan judge on Monday approved a temporary restraining order against Kalshi, requiring the prediction exchange to halt offering contracts on sporting events…

A W-2G is still triggered at a threshold of $2,000 in winnings, under the proposal being negotiated in the state legislature. A W-2G is still triggered at a threshold of $2,000 in winnings, under the proposal being negotiated in the state legislature. North Carolina sports bettors will be allowed to deduct their gambling losses under…

I don't usually write in first person, but this week's news hits particularly close to home. I don't usually write in first person, but this week's news hits particularly close to home. I was hoping to be giving a big ole’ bingo today to the US men’s soccer team for going perfect through World Cup…