Legal US sports betting industry news and views via @bymatthewwaters, @sam_mcquill, and @eric_ramsey
Joined November 2014
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DraftKings shares surged after the company reported strong growth in prediction market activity and expressed confidence in the sector’s long-term potential.
@ByMatthewWaters with the story: legalsportsreport.com/266068…
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FanDuel has cut hundreds of jobs as it restructures its business and increases focus on prediction markets amid growing industry competition.
Story from @sam_mcquill: legalsportsreport.com/266205…
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The CFTC has proposed a formal regulatory framework for prediction markets, opening public comment on potential rules governing sports contracts, market integrity, and consumer protections.
Full story from @patevans: legalsportsreport.com/266199…
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North Carolina lawmakers have reportedly agreed to raise the state’s sports betting tax rate, though the final percentage has not yet been approved.
Story from @patevans: legalsportsreport.com/265897…
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A Texas judge ruled Brandon Sorsby can play for Texas Tech despite an NCAA suspension tied to sports betting.
Full story from @ByMatthewWaters: legalsportsreport.com/265858…
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Rhode Island lawmakers have advanced a bill that would expand the state's sports betting market by adding up to six online operators.
Report from @patevans: legalsportsreport.com/265813…
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Rush Street Interactive, parent company of BetRivers, is reportedly linked to a new prediction markets application.
Get the full story from @sam_mcquill: legalsportsreport.com/265669…
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A new industry report ranks DraftKings and FanDuel as the leading U.S. sports betting apps, while Fanatics gains ground and several competitors face product-related challenges.
Story from @ByMatthewWaters: legalsportsreport.com/265470…
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Congressional scrutiny of prediction markets is intensifying as lawmakers question the CFTC’s oversight role while industry executives and regulators face growing political and legal pressure.
Another story from @sam_mcquill: legalsportsreport.com/265495…
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Massachusetts sportsbooks are now required to explain account betting limits to customers, though early notifications are raising questions about whether the disclosures provide enough meaningful detail.
Report from @sam_mcquill: legalsportsreport.com/265350…
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Illinois’ new state budget introduces taxes and licensing requirements for fantasy sports and prediction markets, though ongoing legal disputes could delay enforcement on prediction market operators.
Story from @patevans: legalsportsreport.com/265345…
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Alberta’s regulated online gambling market continues to expand ahead of its July 13 launch, with several new operators, suppliers, and industry partners receiving approval to enter the province.
Full story from @ByMatthewWaters: legalsportsreport.com/265205…
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Nearly half of voters oppose legalized sports betting in their state, a new poll found.
Read the full story from @sam_mcquill: legalsportsreport.com/265068…
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World Cup betting could top $4 billion, but operators are focused on turning new bettors into long-term customers.
Read the story from @ByMatthewWaters: legalsportsreport.com/264804…
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Caesars agreed to a $17.6 billion takeover by Fertitta Entertainment that would take the casino giant private.
Full rundown from @ByMatthewWaters: legalsportsreport.com/264782…
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FanDuel and DraftKings pushed Arkansas sports betting past $100 million in monthly handle for the first time, quickly taking over the market.
Full story from @ByMatthewWaters: legalsportsreport.com/264857…
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Kalshi threatened legal action against FairPredicts over claims made in its “Kalshi Lies” campaign, calling the allegations defamatory and misleading.
Get the story from @alanwilmotlaw: legalsportsreport.com/264556…
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Bet365 joined Alberta’s upcoming regulated online gambling market ahead of its July 13 launch, alongside other major operators expanding into Canada.
Full story from @ByMatthewWaters: legalsportsreport.com/264535…
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Flutter executives and board members bought more than $1 million in company stock this week as shares hovered near a 52-week low following FanDuel leadership changes.
Story from @ByMatthewWaters: legalsportsreport.com/263029…
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Colorado lawmakers have approved new sports betting restrictions, including limits on daily deposits and a ban on credit card funding, with the bill now headed to Gov. Jared Polis.
Story from @patevans: legalsportsreport.com/262966…
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