Ohio gaming regulators have fined Kalshi $5 million for violating state gaming laws, ordering the company to cease offering sports event contracts. The fine comes amidst ongoing legal battles between prediction market firms and state regulators.
Sen. Richard Blumenthal has sent letters to major sports leagues expressing concerns over game integrity and gambling addiction prevention in partnerships with prediction markets. He urged leagues to end their deals with sportsbooks and prediction market firms.
Wisconsin has become the latest state to legalize online sports betting, with Gov. Tony Evers signing a bill into law on Thursday. The new law allows online wagering through the state’s tribal gaming structure, but concerns remain from operators and legal challenges loom.
A federal appeals court ruled that Kalshi can continue offering sports event contracts in New Jersey, marking a significant victory for the company. The ruling also sets a precedent for how sports prediction markets should be regulated.
Oregon has become the first state to allow sports bettors to wager on past events using a new DraftKings app feature. DK Replay lets users bet on outcomes of past Major League Baseball games.
New York regulators propose new rules for sports betting, including biometric data for logins, to protect minors and promote responsible gambling. The New York Gaming Commission announced plans to require biometric data to login to an online sportsbook.
A new lawsuit accuses DraftKings, FanDuel, and the NFL of designing gambling platforms that are intentionally addictive. The lawsuit was filed by the Public Health Advocacy Institute.
Legislators in Kentucky are debating a bill to increase the sports betting age to 21 and prohibit prop bets on college athletics. The bill has already passed the House and is now moving to the Senate.
Major League Baseball has partnered with Polymarket to establish an official prediction market exchange, aiming to protect game integrity and enhance fan engagement.