Kalshi Faces Lawsuit as New York Calls Prediction Markets Illegal
Headlines

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 to obtain a...

Sports Betting Industry Pours $72 Million Into US Midterm Elections
Gaming

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...

Brazil Opens 45-Day Consultation on Betting Regulation Overhaul
Headlines

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 will run...

Pennsylvania Moves to Regulate Prediction Markets, Allows Sports Wagering
Headlines

Pennsylvania Moves to Regulate Prediction Markets, Allows Sports Wagering

Pennsylvania prediction markets are set to operate under a comprehensive regulatory framework as Rep. Tarik Khan introduces HB 2711, addressing a sector that has seen varying state approaches. The bipartisan bill, sponsored...

Michigan Sportsbooks Post 5.63% Hold Rate in June 2026
Headlines

Michigan Sportsbooks Post 5.63% Hold Rate in June 2026

Michigan sportsbooks took $372,480,495 in wagers in June 2026 while recording a 5.63% hold rate, a modest improvement from May’s 5.17% hold. The June handle represented a decline of $92.3 million, or 19.9%,...

Independent Watchdog Identifies 7 FIFA World Cup Betting Issues FIFA Overlooked
Gaming

Independent Watchdog Identifies 7 FIFA World Cup Betting Issues FIFA Overlooked

FIFA World Cup betting oversight faced unexpected challenges when an independent watchdog identified seven potential irregularities during the 2026 tournament, directly contradicting FIFA’s claim of zero suspicious activity. The Group of Copenhagen uncovered...

Lawmakers Push Facial Recognition Age Checks for Sports Betting & Prediction Markets
Headlines

Lawmakers Push Facial Recognition Age Checks for Sports Betting & Prediction Markets

Americans wagered approximately $160 billion on sports betting last year, generating roughly $16 billion in industry revenue. For this reason, lawmakers have introduced bipartisan legislation requiring facial recognition technology for age verification...

Arizona Announces Limited Sports Betting Licenses, Only 10 Available
Headlines

Arizona Announces Limited Sports Betting Licenses, Only 10 Available

Arizona sports betting is expanding with a new licensing opportunity as the Arizona Department of Gaming opens applications for 10 limited event wagering operator licenses. The application window begins on August 13 and...

World Cup Drives $100 Million Surge in Tennessee Sports Betting
Gaming

World Cup Drives $100 Million Surge in Tennessee Sports Betting

Tennessee sports betting defied conventional market patterns by posting record-breaking numbers during June 2026, traditionally the slowest betting month of the year. Bettors wagered more than $460 million on sports in June 2026,...

Alea Advertisement