Colorado Implements New Sports Betting Deposit Limits
Colorado has enacted new regulations that will limit the number of deposits individuals can make for sports betting. This initiative, part of the Sports Betting Protections Act, is designed to promote responsible gambling practices and protect vulnerable populations. The Sports Betting Protections Act, signed into law by Governor Jared Polis, introduces More...
New York Sports Betting Revenue Hits Record High as Bettors Lose Big in July
New York sports betting achieved unprecedented revenue figures in July, sports betting gamblers experienced significant losses during this period, contributing to record-breaking operator revenues that defied typical More...
DraftKings Revenue Falls to $1.44B on Customer Wins, Sports Betting Payouts
DraftKings revenue fell 5% year-on-year to $1.44 billion in the second quarter, missing Wall Street’s $1.55 billion estimate. The gaming company posted a net loss of $67.6 million, a significant reversal from More...
Ontario Sports Betting Crosses $1 Billion Mark in June
Ontario sports betting reached a new milestone in June, with operators reporting $1.03 billion in total wagering handle. This marked the eighth consecutive billion-dollar month for the province, demonstrating sustained More...
Utah Judge Blocks Sports Prediction Markets Under State Gambling Laws
A federal judge denied Kalshi’s request to block Utah’s enforcement of gambling laws against sports prediction markets, ruling that state restrictions are not overridden by federal commodities regulations. More...
Prediction Markets Kalshi, Polymarket Hit $50 Billion Trading Milestone
Kalshi one of the biggest companies within Prediction market betting Kalshi and Polymarket achieved a combined $50.6 billion in trading volume during July, marking an all-time high for prediction market platforms More...
Kalshi Faces Lawsuit as New York Calls Prediction Markets Illegal
New York’s attorney general filed a lawsuit against Kalshi on Friday, alleging the platform operates illegal gambling markets without proper state authorization. The legal action claims the company failed More...
Sports Betting Industry Pours $72 Million Into US Midterm Elections
According to reports the sports betting industry has injected over $72 million into US midterm elections, marking one of the most aggressive lobbying campaigns in recent political history. Companies within the industry More...
Brazil Opens 45-Day Consultation on Betting Regulation Overhaul
Brazil betting regulation is undergoing a comprehensive review as the Secretariat of Prizes and Betting (SPA) launches a public consultation to refine the authorization process for operators. The contribution period More...
Pennsylvania Moves to Regulate Prediction Markets, Allows Sports Wagering
Kalshi one of the biggest companies within Prediction market betting Pennsylvania prediction markets are set to operate under a comprehensive regulatory framework as Rep. Tarik Khan introduces HB 2711, addressing More...
