Sports Betting

Senators and tribal gaming regulators are advocating to include a prediction markets provision in the Clarity Act, aiming to maintain state control over sports betting and opposing federal regulatory efforts.

The article discusses a potential baseball betting play on the Baltimore Orioles (+118) against the Philadelphia Phillies, highlighting the Phillies' inconsistent season and struggles despite strong starter Zack Wheeler. The Orioles, though underperforming, are noted for their talent and improved momentum, with Kyle Bradish as their starting pitcher despite a recent poor outing.

New York Attorney General Letitia James sued prediction market firm Kalshi for operating an 'illegal gambling operation' without state licenses, arguing that its event contracts function as sports betting under state law. The lawsuit claims Kalshi circumvents regulations by offering wagers on sports and cultural events and allows underage betting, seeking to block its operations and impose fines. The case highlights a jurisdictional dispute between state regulators and the federal Commodity Futures Trading Commission (CFTC), which classifies such contracts as federally regulated swaps.

A Meredith College poll reveals North Carolina voters generally support legalized sports betting but strongly favor banning prediction markets like Kalshi and Polymarket. While 51% of voters are satisfied with sports betting regulation, 66% support legislation to prohibit prediction markets. The state recently increased taxes on sports betting operators to 23% and imposed a 6% tax on prediction market operators, drawing criticism from Democrats who fear sports betting may shift to prediction markets to avoid higher taxes.

bet365 is offering a bonus code where users can bet $10 to receive $150 in bonus bets for the Mets vs. Dodgers game, regardless of the outcome. The promotion applies specifically to this matchup between the two teams.

North Carolinians spent $7.2 billion on sports betting in fiscal 2026, a 15% increase from fiscal 2025. Tax revenue from sports betting rose to $143 million, up 23% year-over-year, with a new state budget increasing the tax rate to 23% and redirecting more funds to university athletic departments.

A study shows sports betting worsens financial health by reducing savings and increasing debt, with bets crowding out investments in housing and retirement. Betting platforms like Kalshi and Polymarket saw trading volumes surge from $2 billion to $50 billion between early 2025 and June, correlating with rising consumer-loan delinquencies and decreased stock investment. Billionaire John Arnold has called for political action to address the issue.

The Texas Medical Association has proposed new guardrails for online prediction market platforms to address concerns about gambling-like behavior among young users. The initiative targets sports betting-style apps, aiming to implement protective measures as worries over their impact grow.

LA therapists report increased gambling issues among young patients linked to Kalshi, a legal prediction market. Kalshi's trading volume has surged, with contracts on events like the World Cup and local elections. Prediction markets operate under financial exchange rules, avoiding state gambling laws, but clinicians warn of unregulated betting risks.

Billionaire John Arnold and his wife have donated over $2.3 billion to causes like criminal justice and education. Arnold Ventures, their foundation, is now funding $2.6 million in research grants to 12 universities and think tanks to study the health and societal impacts of sports betting, focusing on financial well-being, mental health, and policy solutions. The research excludes prediction markets due to limited data access.

Studies indicate sports betting and prediction market gambling are becoming more common in Louisiana due to increased social acceptance. The article questions whether this rise correlates with an increase in problem gambling.

Nigerian sports bettors increasingly prefer online or app-based platforms (64.9%) and real-time in-game betting (83.5%), according to TGM Research data. The article highlights a shift away from relying solely on sign-up bonuses for sports betting engagement.

Massachusetts AG filed an amended lawsuit against Kalshi, alleging the company targeted users under 21 through social media and university campus marketing. The court approved the lawsuit.

A former UNC basketball champion was arrested as part of an illegal sports betting scheme involving six people. A Charlotte medical student is biking 4,000 miles across the U.S. to raise colorectal cancer awareness. A 'catastrophic' wastewater spill released 6,000 gallons into a North Carolina lake, closing a swimming area. Extreme heat is expected for the Fourth of July weekend, with temperatures reaching 100 degrees in Charlotte.

Ed Davis, a former NBA player who won a national championship at UNC, was arrested in a federal investigation into illegal sports betting. Davis allegedly acted as a gatekeeper for NBA player Malik Beasley, who provided information about his intended game performance to facilitate bets. The scheme involved manipulating outcomes in three 2024 games, including a Hornets-Bucks matchup where Beasley underperformed in scoring as planned.

A Michigan judge has temporarily blocked Kalshi from offering sports betting contracts to residents, intensifying a legal dispute between state and federal authorities over prediction markets and gambling regulations.

Gaming groups are urging Congress to ban prediction markets and sports betting through the CLARITY Act. They seek clarification that the Commodity Futures Trading Commission should not oversee prediction markets.

Massachusetts schools are implementing a gambling prevention program targeting boys, led by teacher Pete Hall who shares his personal experience with compulsive gambling. A 2023 survey found around a third of 11- to 17-year-old boys gambled in the last year, with research indicating higher risk for males. The program aims to address youth gambling as a growing public health concern, following the 2018 Supreme Court ruling that expanded sports betting.

Sports betting was previously outlawed but is now being promoted at the White House. The article highlights a shift in policy regarding sports betting.

The CFTC has sued New Mexico in its ongoing effort to assert regulatory authority over sports betting markets. The case highlights a broader dispute over jurisdictional control of sports betting regulations.

Gary Gensler rejects the CFTC's claim of authority over prediction market sports betting. He calls the claim 'malarkey' and disputes the CFTC's jurisdiction in this area.

Gary Gensler supports states in their fight over prediction market regulation, stating Congress did not intend to place sports betting under exclusive federal oversight.

A report released just before the FIFA World Cup finds a correlation between sports betting and not having enough to eat. Gamblers are spending less on groceries due to sports betting, according to new research.

Federal regulators are moving to allow most sports betting while barring wagers on war and other controversial topics on prediction markets like Kalshi and Polymarket.

The wife of Los Angeles Dodgers pitcher Tanner Scott received threatening messages targeting their newborn child after his recent game. The threats are part of a broader pattern of online harassment toward MLB players, including threats against families of pitchers Tayler Saucedo, Liam Hendriks, and Lance McCullers Jr., linked to the rise of sports betting.

The American Gaming Association claims states have lost $1 billion in tax revenue due to prediction markets. Bill Miller, the organization's president and CEO, described prediction market platforms as 'backdoor sports betting.'

Ohio Gov. Mike DeWine reflected on his tenure, endorsed Republican Vivek Ramaswamy for governor, and acknowledged legalizing sports betting as his 'biggest mistake.' He also discussed his upcoming decision on the death penalty and his cautious approach to state politics.

Fanatics Sportsbook is offering a promo code (NYPOST) that allows users to receive $350 in bonus bets after placing a $20 wager on the Mets vs. Reds game. The promotion highlights a significant incentive for sports betting engagement.

The Enhanced Games in Las Vegas allow athletes to use performance-enhancing drugs under medical supervision to break records, sparking controversy over the open use of banned substances and unknown long-term health effects. The event has attracted significant financial backing through sponsorships and sports betting.

The BetMGM bonus code NYPNEWSGET offers users up to $1,000 in no-sweat tokens for the Avalanche vs. Golden Knights Game 3. The promotion is specifically tied to this matchup in the sports betting platform's marketing campaign.

The CFTC has signed a Memorandum of Understanding with the National Hockey League regarding prediction markets, following a similar agreement with Major League Baseball in March. The regulatory action is part of the CFTC's broader efforts to oversee sports betting and prediction market platforms, including ongoing lawsuits against state-level authorities.

The U.S. Commodity Futures Trading Commission (CFTC) has secured an agreement with the National Hockey League regarding safeguards for prediction markets. This deal aims to protect consumers and establish regulatory standards for sports-related betting and prediction activities.

bet365 is offering a promotional bonus code for the Canadiens vs. Hurricanes NHL game, allowing bettors to wager $10 and receive $200 in bonus bets regardless of the outcome. This is a marketing offer for Game 1 of the matchup.

A prediction market provider suggests that sports betting should be regulated as a financial product rather than gambling. This approach could change how the industry is overseen. The provider aims to operate in the prediction market.

River CEO Alex Leishman argues that modern finance is shifting toward a gambling model, with prediction markets and betting features blurring the lines between banking and casinos. He criticizes fintech and crypto sectors for promoting high-risk wagers as financial empowerment, contrasting this with traditional banking's role as a safe haven.

Wisconsin has filed a lawsuit against prediction market platforms Kalshi and Polymarket, alleging their sports betting products violate state gambling laws. The state claims these financial platforms operate illegally by offering contracts tied to sports outcomes.

US gambling addiction is escalating, prompting a call for public health measures akin to alcohol or tobacco regulation. Harry Levant of PHAI warns of the crisis amid booming online betting and sports platforms, urging policymakers to act as global experts convene in Boston.

In mid and late 2025, prediction market sports volume was nearly nonexistent on charts, but it recently surpassed $3 billion for the third time in history. This surge indicates a significant increase in interest or activity in prediction markets tied to sports.