Dana White Asks Trump to Fix Gambling Tax Rule That Could Cost Bettors Money Even When They Lose
UFC CEO Dana White sent a letter to President Trump warning that the OBBBA's gambling loss deduction cap creates phantom ...
Tag: SportsBetting
Minnesota Passes First State-Level Prediction Market Ban — What Bettors Need to Know Before August 1
Minnesota lawmakers voted 100-32 to ban prediction market contracts on sports, elections, and more, sending the first explicit state-level prohibition ...
CFTC Is Negotiating Data-Sharing Deals With All Major US Sports Leagues to Oversee Prediction Markets
CFTC Chairman Michael Selig confirmed the agency is in talks with every major US professional sports league about data-sharing agreements ...
Colorado to Limit Daily Deposits on Sports Betting Apps — A First-in-the-Nation Move That Could Spread
Colorado lawmakers sent Senate Bill 131 to the governor, creating the first state-level daily deposit cap on sports betting apps ...
New Mexico Tribes File Third IGRA Lawsuit Against Kalshi Over Prediction Market Sports Betting
Four New Mexico tribes sued Kalshi in federal court, arguing its sports contracts constitute illegal gaming on tribal lands and ...
DraftKings Prediction Markets Now Let You Parlay Event Contracts With New Combos Feature
DraftKings launched Combos for its Predictions platform, letting users bundle up to six event contracts into one trade with a ...
Sen. Schiff Pushes Bill to Ban Sports Prediction Market Contracts — What Bettors Need to Know Before May 20
Sen. Adam Schiff escalated the prediction markets fight at a Brookings event this week, accusing the CFTC chair of duplicity ...
Michigan Senate Kills Whitmer’s Sports Betting Tax Plan — Bettors Avoid Illinois-Style Surcharges for Now
Michigan's state Senate stripped Gov. Whitmer's proposed per-wager sports betting fee and casino tax hikes from the state budget in ...
Kentucky Residents Sue Kalshi to Recover Prediction Market Losses — Here’s What the Lawsuit Means for Sports Bettors
A Kentucky class action suit filed in federal court on May 11 claims Kalshi's sports event contracts are illegal gambling ...
Connecticut’s Sports Betting Reform Bill Is One Signature Away — AI Betting Ads and Microbets Could Be Banned by July
Connecticut lawmakers passed HB5229 with near-unanimous bipartisan support, sending sweeping sports betting and online gambling reforms to Gov. Lamont that ...
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