World Cup Drives Record NY Bets, Tax Take Falls 43%
Record wagering in the country’s largest market produced its thinnest margin yet, and the state’s education fund collected $46 million less than a year
Gambling Revenue Sets 2026 Record With No State Expansion
No state opened a new online sports betting or online casino market in the year’s first six months, even as US commercial gaming set a sixth straight
North Carolina’s Budget Squeezes Sportsbooks and Goes Easy on Prediction Markets
The state’s fresh budget makes operating a sportsbook pricier while giving a competing product a gentle landing, and a few legislators fear the imbalance could siphon off the very dollars the increase was supposed to bring in. In one budget, North Carolina made sportsbooks costlier to operate and, at the very same moment, gave a … Read more
The NCAA Just Turned Its Sorsby Gambling Case Toward Cincinnati Itself
A letter of inquiry sent to the University of Cincinnati shifts the focus from what quarterback Brendan Sorsby did to what his school knew, and it could reshape how programs are held responsible when an athlete bets. For a year, the story was about a player. Now it is about a program. The NCAA’s long-running … Read more
Responsible Gambling Gets a Sliver of What Celebrity Deals Do, a New Audit Finds
One firm’s review tallies $520 million on star endorsements last year and just $60 million on player-safety efforts, a gap worth weighing seriously, provided you remember who did the tallying. Sit through a few hours of live sports and the celebrity pitches run together, a parade of athletes and actors hawking the same betting apps. … Read more
Ohio Could Become the First State to Repeal Online Sports Betting
A GOP proposal, the Save Ohio Sports Act, would herd every legal wager back onto the floors of the state’s four casinos, kill props, parlays, and in-play markets, and cap a single bet at $100. Passage is a stretch, yet nothing this drastic has surfaced anywhere since betting went legal. As nearly every other state … Read more
Prediction Markets Now Out-Trade America’s Sportsbooks, and States Are Racing to Tax Them
Kalshi and Polymarket are now clearing something like $24 billion in trades a month, more than the country’s licensed books handle. The matchup is messier than the headline suggests, but the scramble by states to tax it is not. The pecking order of American betting just got turned around. Month over month, the dollars moving … Read more
Ex-NBA Guard Malik Beasley Charged in an Alleged Scheme to Fix Prop Bets on Himself
A federal indictment unsealed in Brooklyn accuses the former Milwaukee Bucks guard and five others, including an NBA agent, of manipulating his own rebound and point totals so insiders could cash prop bets. It is the latest blow to the league’s uneasy marriage with legal betting. The player prop, the bet on a single athlete’s … Read more
MLB Players Want Prop Bets on Themselves Banned, From Sportsbooks to Prediction Markets
The MLB prop bet ban proposed by the players union landed in CBA talks this week. It would hit sportsbooks, daily fantasy sites, and prediction markets alike.
For the First Time In 57 Years, You Can Buy Into the World Series of Poker With Crypto
The 57th WSOP is underway in Las Vegas through July 15, and this year players can pay their tournament entry fees in Solana with no processing fees. Stablecoin payouts are coming, but not until December. Poker’s biggest event is in full swing in Las Vegas, and the 2026 edition arrived with a first that has … Read more