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Lawmakers push to close a growing loophole in sports betting markets, now spreading rapidly nationwide.
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NEW YORK (AP) — Kalshi and Polymarket, the two biggest prediction market platforms, rushed to institute new industry guardrails and add new su…
AP
The NCAA has filed a complaint in federal court seeking an emergency restraining order against online sportsbook DraftKings. The NCAA wants DraftKings to stop using registered trademarks associated with its men’s and women’s basketball tournaments. The complaint for trademark infringement was filed in the Southern District of Indiana and requests that DraftKings refrain from using terms such as “March Madness,” “Final Four,” “Elite Eight” and “Sweet Sixteen” or variations of them in sports wagering products, promotional campaigns and marketing. DraftKings says in a statement that it is not engaging in trademark infringement.
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The odds of a picking perfect NCAA Tournament bracket are astronomical for a reason.
AP
Major League Baseball is entering an official partnership with Polymarket and has an agreement with the federal commission overseeing predicti…
AP
Wisconsin lawmakers are taking a shot at expanding sports betting in the state. The state legislature gave final approval Tuesday to a measure that could allow tribes to offer online sports betting available to people anywhere in Wisconsin. The move comes just at the NCAA basketball tournaments get underway — one of the most popular betting times in the U.S. But the Wisconsin measure still needs the signature of Democratic Gov. Tony Evers. And it would not take effect immediately. Wisconsin would become the 32nd state to allow online sports betting. A total of 39 states already allow at least some type of sports betting.
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Arizona on Tuesday became the first state to file criminal charges against Kalshi, accusing the prediction market company of operating an ille…
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On Monday, the Boomer's Sportsbook held its long-awaited grand opening at the Bonanza Casino. It was originally delayed due to the recent winter storms.
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The Nevada Gaming Control Board released data on how much money was bet on the Super Bowl in the state this year.
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The Seahawks and Patriots will square off in Super Bowl LX on Sunday, and sportsbooks are getting ready for a drastically increased demand for sports betting.