Sports Betting News Tax Hikes, Event Contracts Create Bumpy Path For Sports Betting Stocks
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Sports betting sites seek to crush any tax hike in Pa. as budget deal rumors swirl
The swift negative reaction to the hint of a tax increase on sports wagering illustrates the pitfalls of a budget deal. Read More
DraftKings Says Prediction Markets Will Pressure More States to Legalize Sports Betting

A move by DraftKings to include sports contracts on its prediction markets platform is likely to be controversial within the gambling industry. Read More
Is Sports Betting Illegal in Your State? Not if You Call It a ‘Prediction Market.’

Prediction markets like Kalshi, once known for offering wagers on elections, are now in the multibillion-dollar sports betting business and outside the reach of state regulations and taxes. By Ben ... Read More
Betting firms 'scaremongering' over tax rises, say MPs
The government should not "cave" to the gambling industry's "scaremongering" over a potential tax rise on online betting games, a committee of MPs has said. Chancellor Rachel Reeves suggested taxes on ... Read More
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