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Missouri Sports Betting Handle Drops to Record-Low $246.8M in July
1+ week, 3+ day ago (459+ words) Mobile and online betting contributed to a significant month-over-month sports betting revenue increase in Missouri in July, even though total sportsbook handle declined from June. The decline in sports betting handle in July marks the sixth consecutive monthly decline since…...
Canadian Regulators Exclude Sports & Entertainment Prediction Markets From Securities Oversight
2+ week, 1+ day ago (463+ words) Canadian regulators have made a clear distinction between sports betting and event contracts, at least for the immediate future. On August 27, the Canadian Securities Administrators (CSA) clarified that prediction markets involving sports and entertainment won’t be treated as securities products....
Pennsylvania Expands Support For People With Gambling Addiction
2+ week, 1+ day ago (443+ words) Pennsylvania residents experiencing gambling addiction can now receive case management support services via the Department of Drug and Alcohol Services Programs. Pennsylvania leaders announced the enhanced support for people struggling with gambling addiction on August 26, citing concerns about easier access…...
DraftKings Launches Prediction Platform in California Despite Sports Betting Ban
2+ week, 5+ day ago (455+ words) DraftKings has leveraged a legal loophole to offer sports betting in California. The popular sportsbook launched a predictions platform in the Golden State, drawing concerns from state regulators and tribal gaming leaders. DraftKings launched DraftKings Predictions, a standalone app, in…...
Nevada Seeks $120K Daily Fines From Kalshi Over Geofencing Dispute
3+ week, 4+ day ago (464+ words) The Nevada Gaming Control Board (NGCB) is asking a state court to impose $120,000 in daily penalties on Kalshi over an escalating dispute involving the prediction market platform’s geofencing measures. The NGCB claims Kalshi failed to comply with an Aug. 12 deadline…...
Kalshi Ordered to Stop Most Betting Operations in Washington
3+ week, 5+ day ago (462+ words) Kalshi is still available in Washington State, but its betting markets have been heavily restricted following a ruling from a King County Superior Court judge. Kalshi must also implement IP address and residency-based geofencing by August 19 to prevent prohibited wagering....