Could Prediction Markets Be Key to Sports Betting Legalization?

The pro-sports betting side in Minnesota (and other states) has a new argument for finally taking the plunge: prediction markets. Read More

Congress Renews Push To Scrap Sports Betting Excise Tax

A pair of US senators have filed a bill that would eliminate the 25 cent federal excise tax on sports betting. Read More

Campbell sues prediction exchange platform Kalshi, alleging it is illegally offering sports betting

Campbell's office is seeking a court order that would require Kalshi to cease offering sports wagering in Massachusetts while the lawsuit is pending. Read More

Sports Betting Alliance of Illinois warns of illegal online gambling expansion

The Sports Betting Alliance of Illinois has expressed concern over the potential for an expanded illegal online gambling market due to the state's per-wager sports betting tax, which will ... Read More

Minnesotans can now wager on sports winners. Here’s how

Minnesotans can now open their phones, log onto an app and put down money on a prediction that the Vikings will beat the Bears on Monday Night Football for personal profit. No, sports betting is still ... Read More

Federal loopholes may have opened the door for sports betting alternatives that skirt Texas’ gambling ban

While the state's strict ban on gambling hasn’t changed, fast-growing daily fantasy sports and prediction market apps are giving Texans new ways to wager without leaving home. Read More

IRS criminal investigators target illegal sports gambling

The Internal Revenue Service's Criminal Investigation unit has been cracking down on illegal sports gambling, even as the legal sports betting industry explodes in popularity. Every fiscal year, ... Read More

South Carolina debates the benefits of legal sports gambling

Football season is back but while fans across the country are placing bets on their favorite teams, sports betting remains illegal in South Carolina. Read More

Bookie who ran illegal sports gambling business used by ex-Ohtani interpreter faces sentencing

A Southern California bookmaker who took thousands of sports bets from the former interpreter for baseball star Shohei Ohtani is expected to be sentenced in federal court SANTA ANA, Calif. -- A ... Read More