Massachusetts has initiated a formal investigation into Robinhood’s new prediction-markets feature, which allows users to bet on NCAA March Madness outcomes. This development has triggered alarms among state regulators, prompting them to question the platform’s approach to blending investment activities with gambling tendencies. Subpoena and Concerns from Secretary of the Commonwealth Bill Galvin, the Secretary […]
Sports Betting News
Knowing what is happening in the sports world can affect your sports betting strategy. We present you the latest news about soccer, football, basketball, as well as famous players from all sports.
Bipartisan Push to Eliminate Federal Sports Betting Tax Gains Momentum
Lawmakers Target “Outdated” Excise Tax That Favors Illegal Operators Congressional Gaming Caucus leaders have launched a renewed effort to abolish the federal excise tax on sports wagers, arguing that the seven-decade-old levy hampers legitimate businesses while giving illegal bookmakers an unfair advantage. Representatives Dina Titus (D-Nevada) and Guy Reschenthaler (R-Pennsylvania) recently introduced the Discriminatory Gaming […]
Robinhood Teams Up with Kalshi to Launch Prediction Markets – March Madness Included
Robinhood Expands Beyond Traditional Trading Robinhood, known for its accessible stock trading app, is entering new territory with prediction markets through a partnership with Kalshi. This expansion moves the company beyond traditional financial trading into speculative betting on future events, including NCAA March Madness basketball. Betting Options and Partnership The new prediction markets hub within […]
Betting Scandal Rocks NCAA: Texas and Mississippi State Face Gambling Violations
Major College Programs Caught in Sports Betting Probe Recent investigations by gambling monitoring agency ProhiBet have uncovered several betting violations at prominent NCAA institutions, raising concerns about the growing influence of sports wagering on college athletics. Texas Longhorns Self-Report Major Violations The University of Texas athletics department has self-reported five members of its program for […]
A Year of Sports Betting in North Carolina: Economic Boon and Community Response
One year has passed since North Carolina embraced sports betting, and the state is now reflecting on the significant financial contributions and mixed community reactions that have emerged. Official reports show that since March 11, 2024, residents have placed bets totaling approximately $6.6 billion, channeling substantial funds into state programs and sparking diverse opinions. Financial […]
The Battle Over Legalizing Sports Betting in Georgia: An Ongoing Saga
Despite enjoying substantial public backing and the allure of sizable tax revenue, a bill to legalize sports betting in Georgia faltered in the Senate’s Regulated Industries and Utilities Committee. This development has prompted stakeholders to reconsider the trajectory of gambling legislation in the state. Last Thursday witnessed a significant defeat for advocates of sports betting […]
BetMGM Set to Transform Las Vegas Sports Betting Landscape
The sports betting scene in Las Vegas is about to undergo a significant transformation as BetMGM takes the reins of sportsbook operations across nine major MGM properties in the gambling capital. The Nevada Gaming Commission has given the green light to BetMGM—a joint venture between MGM Resorts International and European gambling powerhouse Entain—to centralize and […]
Missouri Sports Betting: Regulatory Roadblocks Push Launch to Fall 2025
Missouri sports bettors will need to exercise patience as the state’s anticipated summer 2025 wagering launch faces significant delays. A procedural dispute between regulatory bodies has pushed the timeline back several months, with sports betting now unlikely to debut until late August 2025 at the earliest. Emergency Rules Rejected, Standard Process Required The Missouri Gaming […]
Aloha to Odds: Hawaii’s Bold Moves Towards Legalizing Sports Betting and Fantasy Sports
The Winds of Change in the Aloha State In a bold departure from its traditional stance against gambling, Hawaii is now making headlines with a fresh legislative push to legalize sports betting and fantasy sports. We analyse the series of bills introduced in the 2025 legislative session, highlighting the potential shifts in the state’s gambling […]
D.C. Sports Betting Contractors Fined $6.5 Million for Fraudulent Practices
Fraudulent Deal Uncovered in D.C.’s Sports Betting Program Two major contractors involved in Washington, D.C.’s controversial sports betting initiative have agreed to pay a total of $6.5 million following an investigation into fraudulent practices. The settlement concludes an inquiry by the D.C. Office of the Attorney General (OAG) into the actions of Greek-based gaming company […]
