New Jersey has until Sept. 3 to ask the Supreme Court to review the Third Circuit ruling protecting Kalshi’s sports contracts. Justice Samuel Alito twice extended New Jersey’s time to file, moving the deadline from July 5 to Sept. 3. The Ninth Circuit’s Aug. 28 ruling for Nevada split the appeals courts on whether states … Read more
Nevada casinos won $1.39 billion in July, up 2.07% from a year earlier, the state gaming board reported. The Las Vegas Strip’s win rose 3.64% to $776.3 million while Downtown Las Vegas fell 8.64% and the Boulder Strip dropped 2.48%. Clark County’s overall win rose just 1.51% because the county’s combined win outside the Strip … Read more
A Ninth Circuit panel ruled 3-0 that Nevada can enforce its gambling laws against Kalshi’s sports event contracts. Sports contracts made up more than 90% of Kalshi’s trades and 95% of its revenue in 2025, the court noted. The ruling conflicts with a Third Circuit decision favoring Kalshi, splitting the federal appeals courts on the … Read more
The Nevada Council on Problem Gambling will formally end its affiliation with the national council this month. Kalshi accepts traders at 18, while NCPG’s own standards strongly recommend a minimum gambling age of 21. NCPG took a $2 million, two-year investment from Kalshi in May as its first financial services member. The Michigan Gaming Control … Read more
BetMGM pushed its $500 million adjusted EBITDA target beyond 2027, citing prediction market regulatory complexity. Online sports net revenue was flat at $228 million while iGaming revenue rose 8% to $483 million. Second-quarter adjusted EBITDA fell 15% to $74 million even as net revenue rose 3% to $711 million. Average monthly active players fell 3% … Read more