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US Senate Bans Members From Betting on Prediction Markets — What It Means for Regular Bettors
The Senate unanimously banned its own members from trading on Kalshi and Polymarket after a string of insider trading scandals....
Churchill Downs Is Buying the Preakness Stakes IP — Here Is What It Means for Bettors
Churchill Downs is acquiring the intellectual property rights to the Preakness Stakes for $85 million, putting two of the three...
Sports Leagues and Players Unions Are Asking the CFTC to Regulate Prediction Markets — What That Means for Bettors
The NFLPA, MLBPA, NBPA, NHLPA, and MLSPA have formally asked the CFTC to impose new rules on prediction markets. If...
The NBA’s Proposed “3-2-1” Anti-Tanking Lottery Could Reshape Draft Futures Betting
The NBA is briefing all 30 GMs on a new 3-2-1 lottery proposal that expands to 16 teams and penalizes...
Missouri Legislators Want to Triple the Sports Betting Tax Rate — Here’s What Bettors Need to Know
HB 3533 would raise Missouri's sports betting tax rate from 10% to a potential 34% effective rate. Here is what...
BetMGM Q1 2026: $696M in Revenue, $25M in Profit, and a Path to $500M EBITDA by 2027 — What Bettors Should Read Into This
BetMGM reported $696 million in Q1 2026 revenue and $25 million in adjusted EBITDA, staying on track toward $500M EBITDA...
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