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Wednesday, July 9, 2025

CFTC

The BetMGM Sportsbook opened for business during the season opener between the Kansas City Chiefs and the Arizona Cardinals on the Great Lawn outside of State Farm Stadium.

18th-Century Law Fuels Legal Blitz on Sports Prediction Markets

Five new lawsuits accuse Kalshi, others of offering illegal sports betting.
June 17, 2025
May 1, 2024; Los Angeles, California, USA; A general overall view as Dallas Mavericks and LA Clippers players run across the Clippers logo at midcourt in the first half during game five of the first round for the 2024 NBA playoffs at Crypto.com Arena.

Kalshi’s Momentum Fuels Crypto.com’s Fight Over Sports Markets

Crypto.com cited a recent Kalshi court victory in its own fight against Nevada.
June 6, 2025
May 12, 2025; New York, New York, USA; New York Knicks guard Jalen Brunson (11) dribbles as Boston Celtics guard Derrick White (9) defends in the second half during game four of the second round for the 2025 NBA Playoffs at Madison Square Garden.

Sports Betting Giants, Leagues Watch Closely As Kalshi Keeps Winning

Regulators in at least six states have sent Kalshi cease-and-desist letters.
May 13, 2025
Sports are shown on TVs behind a bar as guests enjoy the grand opening of DraftKings Sports & Social in Ohio.

DraftKings, FanDuel Interested in Sports Prediction Markets

Sports betting giants are eyeing sports “prediction” markets.
May 9, 2025