Industry Headlines
Ex-CFTC Commissioner Questions ‘Economic Purpose’ of Sports Event Contracts
Dan Berkovitz said his CFTC ruled against sports contracts.
Polymarket User Nets Nearly $3M Payout on Egypt's Victory Over New Zealand
A huge Egypt position paid nearly $1 million in profits.
Bundesliga Signs First American Partner With Prediction Platform Polymarket
The Bundesliga is one of the world's biggest soccer leagues.
Pennsylvania’s Sports Betting Handle Falls for 2nd Straight Month in May
Sportsbooks saw a 9.1% year-over-year handle decline.
Pennsylvania Proposes Bill to Block Gambling Inside Schools
Sportsbooks and iGaming operators would restrict access.
CFTC Expands Illinois Lawsuit to Target New Prediction Market Tax
CFTC takes aim at IL prediction market tax in lawsuit.
Former Iona Player Ruled Ineligible After Agreeing to Underperform in Games
Adam Njie Jr. says he didn't follow through on the scheme.
North Carolina Settles on 23% Tax Rate for Online Sportsbooks
Lawmakers finalized a tax increase from 18% to 23%.
Knicks, USMNT Hand New York Sportsbooks $48.5M Weekly Loss
It came in a week that had the Knicks' title and USA win.
Federal Judge Denies Polymarket Preliminary Injunction Request in Michigan Case
Polymarket filed a lawsuit in March.
CME Group Will Sue CFTC Over Timeless Bitcoin Futures Markets
The CEO accused the CFTC of “misrepresenting” the situation.
Splash Sports Partners With Polymarket to Expand Survivor Contests
Splash Sports offers its users access to prediction markets.
American World Cup Bettors Going Big on USA Ahead of Australia Clash
Wagering on the U.S. has taken soccer to new heights.
Illinois Governor Approves Budget with New Prediction Market Tax
Illinois is the second state to tax prediction markets.
ProphetX Launches Prediction Markets in US One Week After CFTC Approval
The launch comes a week after receiving CFTC approval.
Jonathan David, Canada Draw Heavy Betting Support Ahead of Match vs. Qatar
76% of the money is on Canada to recover and beat Qatar.
Kalshi Bringing Prediction Markets to Canada via Wealthsimple
Kalshi is coming north of the U.S. border via Wealthsimple.
Scheffler, Pair of UK Golfers Getting Bettors’ Attention at U.S. Open
Scottie is king, but bettors like Fleetwood, Fitzpatrick.
New Jersey's Sports Betting Handle, Revenue Decrease in May
Books' $912.9M handle was down 9.6% from the previous May.
Kentucky AG Sues Prediction Markets Over Allegedly ‘Illegal' Sports Betting
Kentucky has launched multiple lawsuits.
