The NFL has taken a strong stance against prediction markets, filing a brief in support of New Jersey against Kalshi. The league argues that these markets lack adequate regulation and consumer protections.
The American Gaming Association (AGA) has released a study showing that financial literacy is linked to better responsible gambling. Sports gamblers are more financially literate than non-gambling counterparts.
DraftKings' prediction market product, Predictions, has landed the company in hot water with a class-action lawsuit in California. The lawsuit alleges that DraftKings is allowing illegal gambling through its platform.
The IRS has issued a warning about the dangers of illegal gambling ahead of the football season, urging bettors to use licensed platforms.