Sports Betting Industry News for May 2026

Sports Betting Industry News for May. 2026

Prediction Markets Face Bipartisan Heat at Senate Hearing

Senators from both parties questioned whether sports prediction markets are effectively operating as nationwide sportsbooks outside traditional gambling regulations.

Ryan Butler - Covers

Ryan Butler

May 20, 2026 • 16:52 ET • 4 min read

Alberta Minister Says Sports Betting, iGaming Launch On Track for July 13

Geoff Zochodne, Covers Sports Betting Journalist

Geoff Zochodne

May 20, 2026 • 16:32 ET • 4 min read

Alberta Minister Says Sports Betting, iGaming Launch On Track for July 13

Geoff Zochodne

May 20, 2026 • 16:32 ET • 4 min read

Knicks' Historic Comeback Cashes Massive Spread Ladder Bet

Grant Mitchell - News Editor

Grant Mitchell

May 20, 2026 • 13:10 ET • 4 min read

Knicks' Historic Comeback Cashes Massive Spread Ladder Bet

Grant Mitchell

May 20, 2026 • 13:10 ET • 4 min read

Industry Must Reads

Prediction Markets Face Bipartisan Heat at Senate Hearing

Ryan Butler

May 20, 2026 • 16:52 ET • 4 min read

Alberta Minister Says Sports Betting, iGaming Launch On Track for July 13

Geoff Zochodne

May 20, 2026 • 16:32 ET • 4 min read

Betr Acquires Broker to Fast-Track Prediction Market Entry

Brad Senkiw

May 20, 2026 • 15:46 ET • 4 min read

St8 Expands into Ontario with Wazdan Partnership

Charlotte Capewell

May 20, 2026 • 14:38 ET • 4 min read

General Sports News

Alberta Minister Says Sports Betting, iGaming Launch On Track for July 13

Geoff Zochodne, Covers Sports Betting Journalist

Geoff Zochodne

May 20, 2026 • 16:32 ET • 4 min read

Alberta Minister Says Sports Betting, iGaming Launch On Track for July 13

Geoff Zochodne

May 20, 2026 • 16:32 ET • 4 min read

Knicks' Historic Comeback Cashes Massive Spread Ladder Bet

Grant Mitchell - News Editor

Grant Mitchell

May 20, 2026 • 13:10 ET • 4 min read

Knicks' Historic Comeback Cashes Massive Spread Ladder Bet

Grant Mitchell

May 20, 2026 • 13:10 ET • 4 min read

Tottenham Given 16% Chance of Relegation With 1 Game Remaining

Grant Mitchell - News Editor

Grant Mitchell

May 19, 2026 • 19:42 ET • 4 min read

Tottenham Given 16% Chance of Relegation With 1 Game Remaining

Grant Mitchell

May 19, 2026 • 19:42 ET • 4 min read

Circa Raises NFL Contest Guarantees to $30M After Record Payout in 2025

Brad Senkiw - Covers

Brad Senkiw

May 19, 2026 • 18:01 ET • 4 min read

Circa Raises NFL Contest Guarantees to $30M After Record Payout in 2025

Brad Senkiw

May 19, 2026 • 18:01 ET • 4 min read

First Nations Eye Presence in Alberta’s Sports Betting, iGaming Market

Geoff Zochodne, Covers Sports Betting Journalist

Geoff Zochodne

May 19, 2026 • 16:09 ET • 4 min read

First Nations Eye Presence in Alberta’s Sports Betting, iGaming Market

Geoff Zochodne

May 19, 2026 • 16:09 ET • 4 min read

Report: North Carolina Lawmakers Considering Sports Betting Tax Changes

Brad Senkiw - Covers

Brad Senkiw

May 19, 2026 • 15:00 ET • 4 min read

Report: North Carolina Lawmakers Considering Sports Betting Tax Changes

Brad Senkiw

May 19, 2026 • 15:00 ET • 4 min read

State News

Alberta Minister Says Sports Betting, iGaming Launch On Track for July 13

Geoff Zochodne, Covers Sports Betting Journalist

Geoff Zochodne

May 20, 2026 • 16:32 ET • 4 min read

Alberta Minister Says Sports Betting, iGaming Launch On Track for July 13

Geoff Zochodne

May 20, 2026 • 16:32 ET • 4 min read

Michigan Online Sports Betting Grows 10.4% Despite Slow Month for Operators

Grant Mitchell - News Editor

Grant Mitchell

May 20, 2026 • 13:31 ET • 4 min read

Michigan Online Sports Betting Grows 10.4% Despite Slow Month for Operators

Grant Mitchell

May 20, 2026 • 13:31 ET • 4 min read

Pennsylvania’s Sports Betting Handle Dips Nearly 10% in April

Brad Senkiw - Covers

Brad Senkiw

May 20, 2026 • 12:10 ET • 4 min read

Pennsylvania’s Sports Betting Handle Dips Nearly 10% in April

Brad Senkiw

May 20, 2026 • 12:10 ET • 4 min read

Report: North Carolina Lawmakers Considering Sports Betting Tax Changes

Brad Senkiw - Covers

Brad Senkiw

May 19, 2026 • 15:00 ET • 4 min read

Report: North Carolina Lawmakers Considering Sports Betting Tax Changes

Brad Senkiw

May 19, 2026 • 15:00 ET • 4 min read

Iowa Governor Signs Bill Giving Regulators Power Over Sweepstakes Casinos

Ziv Chen

Ziv Chen

May 19, 2026 • 13:31 ET • 4 min read

Iowa Governor Signs Bill Giving Regulators Power Over Sweepstakes Casinos

Ziv Chen

May 19, 2026 • 13:31 ET • 4 min read

Resorts World New York Records First $1 Million Jackpot Win

Ziv Chen

Ziv Chen

May 18, 2026 • 14:25 ET • 4 min read

Resorts World New York Records First $1 Million Jackpot Win

Ziv Chen

May 18, 2026 • 14:25 ET • 4 min read

iGaming News

St8 Expands into Ontario with Wazdan Partnership

Charlotte Capewell

Charlotte Capewell

May 20, 2026 • 14:38 ET • 4 min read

St8 Expands into Ontario with Wazdan Partnership

Charlotte Capewell

May 20, 2026 • 14:38 ET • 4 min read

Iowa Governor Signs Bill Giving Regulators Power Over Sweepstakes Casinos

Ziv Chen

Ziv Chen

May 19, 2026 • 13:31 ET • 4 min read

Iowa Governor Signs Bill Giving Regulators Power Over Sweepstakes Casinos

Ziv Chen

May 19, 2026 • 13:31 ET • 4 min read

Polymarket Scrutinized as Traders Reportedly Make Millions on War

Charlotte Capewell

Charlotte Capewell

May 18, 2026 • 13:30 ET • 4 min read

Polymarket Scrutinized as Traders Reportedly Make Millions on War

Charlotte Capewell

May 18, 2026 • 13:30 ET • 4 min read

Expert Contributors

Geoff Zochodne, Covers Sports Betting Journalist

Geoff Zochodne, Senior News Analyst

geoff.zochodne@l1.com

Ryan Butler - Covers

Ryan Butler, Senior News Analyst

ryan.butler@l1.com

Michael McClymont - Senior News Editor at Covers.com

Michael McClymont, Senior News Editor

michael.mcclymont@l1.com

James Bisson

James Bisson, Head of Content, Betting

james.bisson@l1.com

Brad Senkiw - Covers

Brad Senkiw, News Editor

editorial@covers.com

Amy Calistri - Covers.com

Amy Calistri, News Editor

editorial@covers.com

Jori Negin-Shecter - Covers

Jori Negin-Shecter, News Editor

editorial@covers.com

Ziv Chen

Ziv Chen, News Editor

editorial@covers.com

Grant Mitchell - News Editor

Grant Mitchell, News Editor

editorial@covers.com

Industry Resources

Legal Betting States Legal Betting Provinces Betting Revenue Tracker Best Sports Bettors by State Betting Incidents Tracker

All Industry news

Prediction Markets Face Bipartisan Heat at Senate Hearing

Ryan Butler

May 20, 2026 • 16:52 ET

Alberta Minister Says Sports Betting, iGaming Launch On Track for July 13

Geoff Zochodne

May 20, 2026 • 16:32 ET

Betr Acquires Broker to Fast-Track Prediction Market Entry

Brad Senkiw

May 20, 2026 • 15:46 ET

St8 Expands into Ontario with Wazdan Partnership

Charlotte Capewell

May 20, 2026 • 14:38 ET

Michigan Online Sports Betting Grows 10.4% Despite Slow Month for Operators

Grant Mitchell

May 20, 2026 • 13:31 ET

Knicks' Historic Comeback Cashes Massive Spread Ladder Bet

Grant Mitchell

May 20, 2026 • 13:10 ET

Pennsylvania’s Sports Betting Handle Dips Nearly 10% in April

Brad Senkiw

May 20, 2026 • 12:10 ET

Tottenham Given 16% Chance of Relegation With 1 Game Remaining

Grant Mitchell

May 19, 2026 • 19:42 ET

Circa Raises NFL Contest Guarantees to $30M After Record Payout in 2025

Brad Senkiw

May 19, 2026 • 18:01 ET

First Nations Eye Presence in Alberta’s Sports Betting, iGaming Market

Geoff Zochodne

May 19, 2026 • 16:09 ET

Report: North Carolina Lawmakers Considering Sports Betting Tax Changes

Brad Senkiw

May 19, 2026 • 15:00 ET

Federal Government Sues to Stop Minnesota's Prediction Market Ban

Ryan Butler

May 19, 2026 • 14:15 ET

Show more Industry News

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