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July 24, 7:22 PM
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Arizona issues cease-and-desist orders to gambling operators

Arizona issues cease-and-desist orders to gambling operators | Sports Betting | Scoop.it
Arizona orders five online gambling operators to halt activities, warning of possible criminal charges, and underage gambling concerns.
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July 24, 7:21 PM
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State Budget Impact on NC State

State Budget Impact on NC State | Sports Betting | Scoop.it
Chancellor Kevin Howell shares a message with university employees.
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July 24, 7:21 PM
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Kalshi Appeals Court Loss in Sports Prediction Market Fight

Kalshi Appeals Court Loss in Sports Prediction Market Fight | Sports Betting | Scoop.it
Kalshi appealed after a New York federal judge refused to block state gambling officials from enforcing local laws against its sports event contracts.
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July 24, 7:20 PM
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Arizona sports betting has exploded in five years since legalization

Arizona sports betting has exploded in five years since legalization | Sports Betting | Scoop.it
Arizona now does more sports wagering than Nevada, with room to grow. Some see that as a massive success. Some have concerns.
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July 24, 7:20 PM
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Congress hearing examines prediction markets regulatory battle

Congress hearing examines prediction markets regulatory battle | Sports Betting | Scoop.it
Congress lawmakers hear competing testimony examining prediction markets, gambling oversight, tribal authority, and federal regulations.
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July 24, 7:17 PM
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Illinois challenges federal prediction markets injunction bid

Illinois challenges federal prediction markets injunction bid | Sports Betting | Scoop.it
Illinois argues sports and election prediction markets remain gambling under state law despite federal derivatives claims before judge.
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July 13, 11:21 AM
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Man Sues Betting Site After Gambling Away $2 Million in Wedding Savings

Man Sues Betting Site After Gambling Away $2 Million in Wedding Savings | Sports Betting | Scoop.it
Warning: This article contains discussion of gambling addiction which some readers may find distressing.An Illinois man has filed a lawsuit against DraftKings, alleging the betting company failed to intervene as he lost more than $2 million, including money set aside for his wedding, and later spiralled...
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July 13, 11:21 AM
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Amended NJ Prediction Market Bill Reduces Potential Tax Rate

Amended NJ Prediction Market Bill Reduces Potential Tax Rate | Sports Betting | Scoop.it
An amended New Jersey prediction market bill has reduced a potential tax rate on prediction market operators.
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July 13, 11:06 AM
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Nevada Supreme Court Upholds Kalshi Geofencing Mandate

Nevada Supreme Court Upholds Kalshi Geofencing Mandate | Sports Betting | Scoop.it
Nevada Supreme Court denies Kalshi's emergency motion for a stay, as Kalshi will be required to geofence Nevada from certain event contracts.
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July 13, 11:06 AM
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347K Signatures Collected for Nebraska Online Sports Betting

347K Signatures Collected for Nebraska Online Sports Betting | Sports Betting | Scoop.it
Tax Relief Nebraska reported it collected nearly 350,000 signatures in favor of Nebraska online sports betting legalization.
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July 13, 11:06 AM
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NCAA sends letter of inquiry to Cincinnati about Brendan Sorsby, according to reports

NCAA sends letter of inquiry to Cincinnati about Brendan Sorsby, according to reports | Sports Betting | Scoop.it
The NCAA wants to know what the University of Cincinnati knew about former quarterback Brendan Sorsby and his gambling issues during his two seasons with the…...
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July 13, 11:05 AM
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Did Texas Tech Tamper With Brendan Sorsby While At Cincinnati?

Did Texas Tech Tamper With Brendan Sorsby While At Cincinnati? | Sports Betting | Scoop.it
Cincinnati coach Scott Satterfield claims Texas Tech tampered with quarterback Brendan Sorsby during his final season with the Bearcats.
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June 29, 1:32 PM
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Brendan Sorsby, Texas Tech mutually part ways after gambling scandal, legal fallout

Brendan Sorsby, Texas Tech mutually part ways after gambling scandal, legal fallout | Sports Betting | Scoop.it
Quarterback Brendan Sorsby and Texas Tech have mutually parted ways amid controversy and a slew of legal filings regarding his eligibility.
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July 24, 7:21 PM
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North Carolina Budget Advances Prediction Market Tax

North Carolina Budget Advances Prediction Market Tax | Sports Betting | Scoop.it
North Carolina lawmakers advanced budget language that would tax prediction market operators at 6% while raising online sports betting taxes and changing gambling reporting rules.
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July 24, 7:21 PM
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Massachusetts AG Files Amended Lawsuit Against Kalshi over Sports Betting after Court Ruling

Massachusetts AG Files Amended Lawsuit Against Kalshi over Sports Betting after Court Ruling | Sports Betting | Scoop.it
The Commonwealth of Massachusetts will continues its case against prediction markets platform Kalshi in state court after a judge allowed an amended complaint with new allegations.
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July 24, 7:21 PM
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North Carolina Sides With Federal Preemption, Taxing Prediction Markets 6% While Sportsbooks Pay 23%

North Carolina Sides With Federal Preemption, Taxing Prediction Markets 6% While Sportsbooks Pay 23% | Sports Betting | Scoop.it
North Carolina's signed budget taxes prediction markets at 6% of net trading fee revenue, effective January 1, 2027.
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July 24, 7:20 PM
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Federal agencies back Kalshi against Rhode Island

Federal agencies back Kalshi against Rhode Island | Sports Betting | Scoop.it
Federal agencies seek court order blocking Rhode Island gambling enforcement against Kalshi and other prediction market event contracts.
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July 24, 7:20 PM
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The Weekender: Sorsby Saga Continues With NCAA Inquiry Into His Time At Cincinnati, Palumbo Takes Over As Interim Athletic Director at Michigan State, Former Top College Players Stand Out At NBA Su...

The Weekender: Sorsby Saga Continues With NCAA Inquiry Into His Time At Cincinnati, Palumbo Takes Over As Interim Athletic Director at Michigan State, Former Top College Players Stand Out At NBA Su... | Sports Betting | Scoop.it
The NCAA issued an inquiry into Brendan Sorsby's time at Cincinnati, Michigan State hired an interim athletic director and NBA Las Vegas Summer League is in full swing.
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July 13, 11:21 AM
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Nevada justices deny Kalshi injunction stay request appeal

Nevada justices deny Kalshi injunction stay request appeal | Sports Betting | Scoop.it
Nevada court kept an injunction against Kalshi intact while approving outside counsel and allowing the state's gaming appeal to continue.
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July 13, 11:21 AM
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North Carolina legitimizes prediction markets in new state budget

North Carolina legitimizes prediction markets in new state budget | Sports Betting | Scoop.it
The budget explicitly acknowledges that companies registered with the federal Commodity Futures Trading Commission may legally operate in North Carolina.
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July 13, 11:07 AM
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Gambling Industry Urges Action Against Sports Event Contracts

Gambling Industry Urges Action Against Sports Event Contracts | Sports Betting | Scoop.it
Several gaming, sports betting, and tribal associations are urging the U.S. Senate to take action against sports event contracts.
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July 13, 11:06 AM
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Cincinnati Under NCAA Investigation After Accusations by Brendan Sorsby’s Agent

Cincinnati Under NCAA Investigation After Accusations by Brendan Sorsby’s Agent | Sports Betting | Scoop.it
The University of Cincinnati is reportedly being looked into by the NCAA over knowing about Brendan Sorsby's gambling addiction.
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July 13, 11:06 AM
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Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi 'A Major, Major Loss' in New York

Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi 'A Major, Major Loss' in New York | Sports Betting | Scoop.it
Judge Analisa Torres of Ripple fame denied Kalshi a preliminary injunction, finding NY gambling laws aren't preempted by the Commodity Exchange Act.
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July 13, 11:05 AM
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NCAA probes Cincinnati over Brandon Sorsby gambling scandal in sign of possible investigation

NCAA probes Cincinnati over Brandon Sorsby gambling scandal in sign of possible investigation | Sports Betting | Scoop.it
There’s a new hot seat in the Brendan Sorsby saga. The NCAA has opened an inquiry into the University of Cincinnati over former quarterback's time with the program amid his sports betting scandal.
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July 13, 11:05 AM
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North Carolina sports betting tax changes explained

North Carolina sports betting tax changes explained | Sports Betting | Scoop.it
New legislation in North Carolina reshapes sports betting taxes, reporting requirements and gambling withholding rules.
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