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Illegal Gambling Dominates US Online MarketDespite the strong regulatory action against unauthorized gambling, a majority of it seems to be going through illegal websites online in the United States.New data by Yield Sec’s analysis of the US iGaming landscape suggests that about 74% of all such activities may be conducted illegally, whether it concerns online casinos, sports betting, or crypto.Illegal Gambling Is Running at Levels Nobody Knows AboutThe new analysis is backed by The Campaign for Fairer Gambling, and it has found that illegal channels continue to dominate operations in the United States. But there are other considerations as well.Yield Sec founder Ismail Vali argues that the use of illegal means to gamble and cryptocurrency specifically is a problem that has not been addressed in earnest by regulators and lawmakers. Just because you have regulated a market, this doesn’t mean that crime is automatically going to disappear, he insists.Rather, he estimates that 70% of gambling activity now remains focused on illegal channels and “flows” through them. In the case of the United States specifically, Yield Sec has analyzed individual states and tried to pinpoint the value of their respective black markets as well.For example, California and Texas have no regulated gambling markets whatsoever, and they contribute $5.5 billion and $4.5 billion to the total value of the illegal gambling market in the United States alone.Yield Sec, though, insists that regulating doesn’t mean that you have been able to do away with illegal gambling whatsoever. In the case of Ohio, another state with regulated gaming, the share of the legal market is just 15% of the $6.2 billion market total, with around 917 operators detected locally.Crypto is another issue for staying on top of regulated gambling, with Yield Sec arguing that it has identified tens of thousands of crypto casinos all over the world, and each, the firm argues, is finding a way to exploit some regulatory loophole.Using Counter-Terrorism Methodology, But Are the Numbers Right?Yield Sec is confident about its ability to track data from the unregulated and illegal gambling sectors and markets.Yield Sec is the only firm actively monitoring illegal gambling activity in real time. Other firms often rely on estimates, legal filings, or indirect data sources, which don’t capture the true scale of illegal activity – particularly outside of regulated channels.Vali explains that the methodology used by his firm was originally used and deployed to respond to terrorist threats, such as ISIS, but has evolved to track gambling volumes for events such as the Super Bowl and March Madness with remarkable accuracy.Despite the claims laid bare by Yield Sec, one issue persists – how is it possible for the firm to paint a picture so grim when it comes to illegal gambling, when mainstream and specialist research firms are failing to quite produce the same numbers?

GeoComply Data on Legal Sports Betting GrowthData supplied by GeoComply Solutions Inc. shows that in just one year, the legalized online sports betting market has more than doubled. As the NFL season just kicked off on September 9, GeoComply has reported that the past weekend was a massive success with a high player volume recorded.As the report summarizes, this is excellent news for legalized operators and bad news for the illegal market, as more players are shifting to state-approved and regulated sportsbooks.Role of Geolocation Technology in US Sports BettingOver the past few years, online sports betting has become big business across the United States, since the US Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018. As part of the legalization process, operators use geolocation technology to determine an individual’s location inside a state to ensure that players are legally allowed to access betting services. GeoComply provides this service to legalized sports betting markets, and the data they collect shows just how successful the industry is.Weekend Sports Betting BoostThe most recent data compiled by Geocomply comes from September 9 to September 12, Thursday to Sunday. During that time frame, 58.2 million geolocation transactions took place within 18 states and the District of Columbia. This is a massive 126% increase from the same period last year when the tech provider noted just over 25 million transactions.The top-performing state for the weekend was New Jersey, of course. The Garden State continually stays at the top of the list regarding betting handle and online sports betting earnings. Next up on the list was Pennsylvania, followed by Michigan.Surprisingly, Arizona sportsbooks hit the fourth spot, even though the industry just launched on September 9. Illinois sportsbooks rounded out the top five.Arizona’s Rapid Sports Betting LaunchAccording to GeoComply Managing Director of Gaming, Lindsay Slader, Arizona’s totals are a prime example of the pent-up demand for sports betting services in this section of the US. During the four days, the state saw over 6.1 million geolocation transactions take place. More than 270,000 accounts were created within that time frame as well.Slader pointed out that GeoComply has never seen a state boost to the top of the transaction list in its first weekend. GeoComply expected to see a high volume, but the weekend was still surprising. Slader stated:“The level of demand across new markets, such as Arizona, indicates that consumers have long waited for the option to legally place a sports bet. The data tells a remarkable story about the growth of the industry over a short period of time. This success is a credit to all our clients and state regulators, who have worked tirelessly to prepare for the start of the new NFL season.”Ongoing Data and Industry InsightDuring the 2021/2022 calendar year for sports, GeoComply plans to release data regularly. The goal is to provide more insight into the sports industry within the US and host discussions on a variety of topics associated with the industry.Operators Launch Quickly in ArizonaOnce sports betting went live in Arizona on September 9, operators were out in full force. Many of the top brands dropped apps and websites early so players could register and be ready to wager once services launched.The biggest names in US sports betting offer services in Arizona. These brands helped the state’s new industry reach such tremendous heights during the first weekend of operations.To try and stand out in the new market, a few sportsbooks offered special deals during the NFL opening weekend. FanDuel Sportsbook supplied a 40 to 1 odds promo that would pay out $200 for every $5 money line bet.DraftKings Sportsbook offered a special $200 in bonuses for a $1 bet. BetMGM provided something similar with a $10 bet providing $200 if the bettor’s team scored a touchdown.It will be interesting to see if the momentum in Arizona will carry over throughout the NFL season or if the newness will wear off, with bet and revenue numbers dropping. By October and November, regulators will release revenue reports, and we will have a good idea of what the state is capable of with its new sports betting industry, both online and offline.

Overview of the AGA’s FindingsDespite the growing legalization of gambling across the country, it appears many Americans still like to try their luck illegally.The American Gaming Association’s (AGA) analysis finds illegal gambling is a massive and growing problem in the U.S., with the latest research revealing that Americans wager nearly $674 billion annually with illegal and unregulated gambling operators.This represents nearly one-third (31.9%) of the entire U.S. gambling market, despite a parallel expansion of the legal, regulated gaming industry over the past decade.“Illegal gambling operators are thriving at the expense of American consumers, siphoning billions in tax revenue from state governments, and undercutting the efforts of the legal market… It’s time for a national crackdown on the pervasive illegal market that is draining state coffers and putting people at risk,” said Bill Miller, AGA President and CEO.The American Gaming Association has a strong track record of tracking trends in the gaming industry, including revenue.What Is Illegal Gambling?This report defines the "illegal and unregulated market" as bets placed by U.S. residents with operators that do not possess a U.S. gaming license, regardless of whether these operators are authorized to conduct business outside the U.S.This includes sports bets placed with bookies and unlicensed online operators, wagers on unlicensed online slots and table games, and bets on "skill games" in states where they are not regulated.The estimates in this report do not cover other illegal or disputed forms of gambling, such as underground casinos or illegal dog fighting, nor do they include sweepstakes gambling sites or prediction markets.Key Findings by the American Gaming AssociationScope of Illegal GamblingIllegal and unregulated operators include offshore online casinos, unlicensed sports betting platforms, and unregulated “skill” gaming machines found in bars, restaurants, convenience stores, and other venues.These operators avoid taxes, licensing requirements, and consumer protection regulations, putting gamblers at increased risk of fraud and abuse.Economic ImpactIllegal gambling generates nearly $54 billion in annual revenue for criminal enterprises.State governments lose over $15 billion in potential tax revenue annually, funds that could be used for education, public safety, infrastructure, and responsible gambling programs.The legal gaming industry misses out on an estimated $54 billion in annual revenue due to illegal market diversion.Breakdown by SegmentThere are over 625,000 unregulated gaming machines in operation nationwide (roughly 40% of all U.S. gaming machines).Risks to ConsumersPoor consumer protections: Illegal and unregulated sites offer few or no safeguards against fraud or cheating.Increased likelihood of problem gambling: Lack of responsible gaming obligations puts vulnerable players at greater risk.Public safety threats: Unregulated machines are attractive conduits for money laundering and other criminal activity.Tax loss: Funds that could support schools, infrastructure, or gambling addiction prevention are diverted to criminal enterprises.Illegal Online Casino Trends and ConcernsIllegal online casino (iGaming) play has surged, with revenue up nearly 38% since 2022.The percentage of players using only legal online casino sites has plummeted from 52% in 2022 to just 24% in 2025, while those splitting play between legal and illegal platforms nearly tripled to 49%.Illegal sports betting remains significant, but its share of the total market is declining—now 24% (down from 36% in 2022) of all U.S. sports betting.Unregulated physical "skill" machines have become one of the fastest-growing threats, taking in billions of dollars in wagers annually and often operating in plain sight.AGA Response and Policy RecommendationsIn response to the findings, the AGA is calling for several changes, including:Stronger law enforcement against illegal operators.International cooperation to target offshore betting.Modernization and enforcement of U.S. gambling laws.The AGA would also like to see increased consumer education about the risks and dangers posed by illegal gambling sites.Despite the growing legal gambling market, the AGA’s analysis highlights that illegal and unregulated gaming remains a persistent, large-scale problem. U.S. gamblers—whether knowingly or not—are fueling a vast underground economy that drains public resources and endangers consumers while benefiting criminal operators.Playing Legal Online Casino GamesYou can play legal online casino games by using websites that are licensed and regulated by the gaming authority in your state or country. Start by checking the website’s homepage for licensing information, usually listed at the bottom of the page.Legal online casinos offer games like blackjack and poker, some with live dealers.Many legal online casinos will also have a seal of approval from a recognized regulatory body.To ensure you’re playing legally, you can also visit your local gaming authority’s website for a list of approved online casino operators. Always make sure the site uses secure connections and offers customer support to resolve any issues you might encounter.You'll also find that many legal online casinos will offer bonus codes and free spins to help new customers get started. You can also use trusted comparison resources for guidance on where to find the best legal casinos in the U.S.But remember, if you do decide to try your luck, always exhibit responsible gambling habits.

Flutter Entertainment Gains Full Control of FanDuelFlutter Entertainment has officially completed its acquisition of Boyd Gaming’s remaining 5% stake in FanDuel for approximately $1.755 billion, securing full control of the leading U.S. sports betting platform. The transaction has closed as of July 31, 2025, positioning Flutter to fully leverage FanDuel’s dominance in American online sportsbooks and iGaming markets.What the Deal IncludesThe previously announced $1.755 billion purchase comprised $1.55 billion for Boyd’s equity stake plus roughly $200 million to restructure commercial terms between the companies. This values FanDuel at approximately $31 billion and eliminates minority ownership complexity that previously limited Flutter’s operational flexibility.Flutter expects to save about $65 million annually starting July 1, 2025, through reduced market access fees in key states including Iowa, Indiana, Kansas, Louisiana, and Pennsylvania. The deal also extends Flutter’s strategic partnership with Boyd Gaming through 2038.FanDuel’s Market Position Strengthens FlutterFanDuel controls about 43% of the U.S. sports betting market share, making it Flutter’s most valuable American asset. The platform operates as both a leading sportsbook and one of the top online casinos in regulated U.S. markets, offering slots, table games, and live dealer options to customers seeking licensed real money gambling.This acquisition builds on Flutter’s gradual takeover of FanDuel, which began in 2018 when the Dublin-based company first gained control. Flutter increased its ownership to 95% in 2020 before completing this final buyout.Strategic Benefits for Both CompaniesUnder the revised partnership terms, Boyd Gaming will continue receiving fixed fees from FanDuel’s mobile sports betting operations in several states while benefiting from strengthened balance sheet flexibility. FanDuel will manage Boyd’s retail sportsbooks outside Nevada until mid-2026, when Boyd assumes full operational control.The transaction was funded through additional debt financing, with Flutter maintaining its position as the leading online sports betting and iGaming operator globally. Full ownership removes previous constraints on FanDuel’s growth strategy and operational decision-making in the competitive U.S. market.This consolidation comes as U.S. sports betting continues expanding across state markets, with FanDuel positioned to capitalize on increasing legalization and customer adoption of online wagering platforms.

Race OverviewRace Number 7 at Aqueduct is a Claiming 30000.0K featuring 3+ year old Filly & Mares on a Dirt track at a distance of 6.5F. The purse for this race is $43000.Winning ProfilesWin % / Place % / Show %Bourbon Serengeti11932Shadyside2143049Spun Size3Top Of The Table4In Awe Of Juju5143049Royal Event6Cararra7255282Moon Gate8112642Maxaluna91932Linarite10143049Runner Details and PredictionsNameWin % / Place % / Show % PredictionsM/LInfoCareerLast Start2nd Last3rd LastStyle1 B Bourbon Serengeti19 329/2F 122lbs $29540012 2-5-5 w%: 17% s%: 42%4 / 6 6.0F Dirt SAR4 / 8 7.0F Dirt CD2 / 6 6.0F Dirt CDFast Stalker2 X Shadyside14 30 496/1F 120lbs $1214005 2-2-3 w%: 40% s%: 60%5 / 5 7.0F Dirt AQU1 / 5 6.5F Dirt AQU3 / 5 6.5F Dirt AQUSlower Leads3 X Spun Size10/1F 120lbs $12982011 2-3-7 w%: 18% s%: 64%7 / 8 7.0F Dirt BAQ4 / 6 6.5F Dirt BAQ3 / 7 6.5F Dirt SARSlower Stalker4 X Top Of The Table10/1F 122lbs $21940014 2-5-5 w%: 14% s%: 36%9 / 10 6.0F Dirt BAQ10 / 12 6.0F Dirt BAQ6 / 7 7.0F Dirt AQUSlower Stalker5 X In Awe Of Juju14 30 496/1F 120lbs $1518007 2-3-3 w%: 29% s%: 43%5 / 8 7.0F Dirt KEE1 / 8 6.0F Dirt CD2 / 8 6.0F Dirt OPSlower Leads6 X Royal Event20/1F 120lbs $16500011 2-2-2 w%: 18% s%: 18%7 / 10 6.0F Dirt AQU7 / 7 6.5F Dirt SAR5 / 7 6.5F Dirt SARSlowest Stalker7 A Cararra25 52 8212/1F 122lbs $35408017 2-5-8 w%: 12% s%: 47%5 / 8 7.0F Dirt BAQ6 / 8 1M Dirt BAQ6 / 9 1M Dirt BAQFast Leads8 B Moon Gate11 26 428/1F 120lbs $2748009 2-2-3 w%: 22% s%: 33%6 / 6 6.5F Dirt BAQ5 / 5 5.5F Dirt SAR1 / 7 6.5F Dirt SARMid Pack Leader9 B Maxaluna19 323/1F 120lbs $1293506 3-3-4 w%: 50% s%: 67%1 / 6 6.5F Dirt BAQ4 / 9 6.0F Dirt BAQ5 / 8 6.0F Dirt BAQMid Pack Leads10 B Linarite14 30 496/1M 122lbs $37717027 2-11-19 w%: 7% s%: 70%6 / 10 6.0F Dirt BAQ2 / 8 6.0F Dirt BAQ4 / 10 6.0F Dirt BAQFastest DeepWin Probability and ConnectionsNameWin / Place / Show PredictionsM/LInfoJockeyTrainerStyle1 Bourbon Serengeti1 / 100% / 100%19 32 (7/2)F 122lbs $295400Jose Lezcano 98 / 21% / 60%Linda Rice 102 / 25% / 57%Fast Stalker2 Shadyside2 / 50% / 100%14 30 49 (5/1)F 120lbs $121400Joel Rosario 24 / 17% / 38%John C Kimmel 5 / 40% / 60%Slower Leads3 Spun Size3 / 0% / 33%9/1F 120lbs $129820Luis R Rivera Jr 51 / 12% / 37%Bruce R Brown 11 / 9% / 18%Slower Stalker4 Top Of The Table1 / 0% / 0%9/1F 122lbs $219400John R Velazquez 25 / 20% / 48%Mark A Hennig 8 / 0% / 25%Slower Stalker5 In Awe Of Juju0 / 0% / 0%14 30 49 (5/1)F 120lbs $151800Ricardo Santana Jr 48 / 10% / 46%Bruce N Levine 12 / 17% / 58%Slower Leads6 Royal Event3 / 0% / 0%19/1F 120lbs $165000Ruben Silvera 119 / 15% / 43%Carlos F Martin 12 / 8% / 25%Slowest Stalker7 Cararra0 / 0% / 0%25 52 82 (11/1)F 122lbs $354080Manuel Franco 112 / 22% / 54%Rob Atras 27 / 26% / 56%Fast Leads8 Moon Gate2 / 50% / 50%11 26 42 (7/1)F 120lbs $274800Christopher Elliott 115 / 16% / 40%James T Ryerson 15 / 20% / 47%Mid Pack Leader9 Maxaluna3 / 100% / 100%19 32 (2/1)F 120lbs $129350Kendrick Carmouche 100 / 19% / 51%Linda Rice 102 / 25% / 57%Mid Pack Leads10 Linarite0 / 0% / 0%14 30 49 (5/1)M 122lbs $377170Jaime Rodriguez 15 / 13% / 40%Michael Miceli 3 / 0% / 67%Fastest DeepRecommended Wagers5/5 Review RatingSuperfecta Pick*72510Exacta Pick*72Win Pick7Trifecta Pick*725*Please note exacta, trifacta and superfecta picks are optimized for profit, not win %. Therefore, horses listed between pick types can vary.Race Bias AnalysisRace Bias Analysis Number of Races: 446

Illinois Moves to Prohibit Credit-Card GamblingState legislators in Illinois are advancing a measure to prohibit credit-card use for gambling activities.Representatives Curtis Tarver and Marti Deuter introduced House Bill 4149 (HB 4149), aiming to prohibit credit-card use across all gambling types, including sports betting, casinos, and lottery purchases.Furthermore, HB 4149 seeks to block ATMs from issuing cash advances on credit cards, closing a common loophole that allows gambling with borrowed funds.If enacted, the bill would make it illegal to use credit cards for any gambling transaction, whether in-person or through online sportsbooks and online casinos.What House Bill 4149 Is All AboutHB 4149 would ban the use of credit cards to fund gambling wagers, including those placed via online platforms. The bill specifically prohibits credit-card transactions for gambling games, disallows cash advances via casino ATMs using credit cards, and bars the sale of lottery tickets on credit.For operators of online casinos and online sportsbooks, the key tenets include:No credit-card funding of accounts for wagering at online sportsbooks.No credit-card funding of deposits or wagers at online casinos operating in Illinois.The measure builds on prior regulatory action by the Illinois Gaming Board (IGB), which adopted a rule in April 2025 banning credit-card deposits for sports wagering and already prohibits credit-card use for casino and video-gaming wagers.Supporters emphasize that the bill's goal is to ensure all gambling transactions use players' own funds, minimizing debt and financial hardship.HB 4149 has been introduced in the Illinois House of Representatives, sponsored by members of the Democratic caucus. It has drawn bipartisan interest and now moves through committee deliberations.If passed and signed by the governor, the bill will codify the credit-card ban into statute rather than rely solely on regulatory rule-making.Potential Impact on Online BettingThe enactment of HB 4149 could significantly alter how players access online betting and online casinos in Illinois. With credit-card funding off the table, many users of online sportsbooks may be nudged toward alternative payment methods such as ACH transfers, prepaid funding, or digital wallets.Meanwhile, some bettors may shift to licensed online casinos optimized for other payment channels.Another notable shift: the ban may drive some players to explore crypto casinos. Such platforms that accept cryptocurrency payments and operate outside the constraints of credit-card networks.For individuals who still wish to engage in online betting or online casinos without credit-card limitations, crypto-enabled platforms may become a viable alternative. Of course, these sites bring their own regulatory and risk considerations.On the other end, operators of online casinos and sportsbooks will need to update their onboarding flows, payment-processing arrangements, and responsible gambling protocols.The IGB's regulatory momentum suggests Illinois is joining a growing list of states restricting credit-card use in wagering as part of their goal to promote responsible gambling.HB 4149 signals a tightening of financial controls around online gambling in Illinois. It may reshape the payment landscape for dozens of online casinos and online sportsbooks operating in the state.

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Amid national betting scandalsAmid national betting scandals, Las Vegas bookmakers say the state’s system is working, and no adjustments are planned.Las Vegas bookmakers see no need for changes in wagering rulesTop Las Vegas sportsbook operators say they do not expect, nor see the need for, changes to Nevada’s wagering rules despite a wave of betting scandals that have triggered national scrutiny and fresh limits in other states.Sports betting controversies have touched the NBA, NCAA, MLB, and UFC in recent weeks, prompting a U.S. Senate inquiry into what lawmakers have called a “new integrity crisis.” MLB also imposed a national $200 cap on pitch-by-pitch prop bets after two Cleveland Guardians pitchers, Emmanuel Clase and Luis Ortiz, were indicted for allegedly accepting bribes to influence individual pitches. The NFL likewise reaffirmed restrictions on certain prop wagers.Nevada operators defend current systemBut Nevada bookmakers say the state’s system is working, and no adjustments are planned. “I think operators should be allowed to decide what markets they want to offer and what the prices and limits are going to be on those markets,” Circa sportsbook director Chris Bennett told the Las Vegas Review-Journal.He added that integrity risks will persist anywhere incentives are strong enough to compromise games. “Imposing wagering limits and restrictions can help curb the behaviors we’ve seen, but it is also limiting the freedom of the operators to compete,” Bennett added.Bennett said any future intervention, if it comes, will likely center on player-specific markets at the college or amateur level, where athletes are more vulnerable. However, pitch-level “micro bets,” common at DraftKings and FanDuel, are not offered at major Nevada books such as Circa and the Westgate SuperBook.Focus on staff expertise and monitoringWestgate’s vice president of race and sports, John Murray, said the key is experienced staff, not new restrictions. The Westgate pulled a UFC fight off the board this month after identifying suspicious wagering.“I think as long as you have a team that knows what they’re doing and knows how to catch these things and knows how to get the right information to the right people, there’s really no reason to make adjustments to your betting board,” Murray said.MLB commissioner Rob Manfred said this week he does not anticipate additional limits on baseball prop bets. “The ability to monitor betting activity… is really, really important,” he said. “We’re generally prepared to move forward under the rules that we have now.”League and regulatory responsesAn NFL memo sent to teams earlier this month detailed four prohibited categories of prop bets, including wagers tied to officiating and outcomes determinable by a single player on a single play. NCAA President Charlie Baker praised the league, warning that such bets “lead to abusive behavior toward student-athletes.”Nevada regulators have not requested changes to in-play or prop betting menus. The Nevada Gaming Control Board said it remains in “regular and direct communication” with pro leagues to ensure “the fairest, safest and most secure betting opportunities.”Concerns over pushing bettors offshoreMurray warned that banning prop bets could push customers toward illegal operators and noted that NFL prop wagers make up more than 60% of Super Bowl handle. He also argued that some proposed prohibitions - such as bets on interceptions or missed field goals - hinge on variables too ambiguous to regulate fairly. “I don’t see that happening,” he said.Even if certain wagers were eventually restricted, Murray said the overall impact on sportsbooks would be limited. “Would it really make any difference to their business? It would just be one less offering on a betting menu that has hundreds,” he said.“The average person wants to parlay together all the favorite players to score a touchdown, and I still think that’s where the bulk of your handle is always going to come from.”

Kalshi’s Injunction DissolvedKalshi’s legal fortunes in the historic home of United States sports betting have taken a turn for the worse.Key TakeawaysA federal judge in Nevada dissolved Kalshi’s earlier injunction, siding with state regulators who claim the platform is running unlicensed sports betting.Judge Andrew Gordon rejected Kalshi’s argument that the CFTC has exclusive authority over its sports event contracts and said Kalshi’s interpretation of federal law cannot stand.The ruling sets up further litigation, with similar prediction market disputes continuing across the United States.Judge Gordon’s DecisionA decision issued Monday by Andrew Gordon, chief judge for the U.S. District Court for Nevada, granted a motion to dissolve a preliminary injunction against local gaming regulators that he granted to Kalshi in April.The injunction had held back Nevada sports betting regulators, who had sent Kalshi a cease-and-desist letter alleging the prediction market operator was running an unlicensed sports betting business in the state.At the time, Gordon had agreed with Kalshi that its regulator, the Commodity Futures Trading Commission (CFTC), had “exclusive jurisdiction” over the contracts listed on the exchange.Those event contracts include sports-related ones, which prediction markets are using to offer de facto sports wagering in all 50 states.Reversal After Crypto.com CaseHowever, after denying an injunction for another prediction market operator, Crypto.com, in a similar case in October, Gordon was asked to revisit his take on Kalshi. And he did.“Kalshi relies on a strained reading of the already convoluted Commodities Exchange Act (CEA) in an attempt to evade state regulation,” Gordon wrote in Monday’s decision. “Kalshi’s interpretation would require all sports betting across the country to come within the jurisdiction of the CFTC rather than the states and Indian tribes. That interpretation upsets decades of federalism regarding gaming regulation, is contrary to Congress’ intent behind the CEA, and cannot be sustained.”Gordon’s decision to dissolve Kalshi’s preliminary injunction quickly led to further litigation, as the prediction market operator seeks to protect its legal standing to facilitate wagering across the U.S. on a variety of events, including sporting ones.Kalshi’s Response and Appeal PlansKalshi filed for a stay of the dissolution order on Tuesday, claiming that it "faces a threat of imminent criminal enforcement by Nevada authorities."The prediction market operator added that it intends to file a notice of appeal."Defendants have left little doubt that they would bring criminal charges against Kalshi absent a stay," Kalshi's legal filing said. "But even if Kalshi could avoid prosecution by taking expeditious steps to geofence, Kalshi would face severe irreparable harm from shuttering existing contracts for users in Nevada."Prediction Markets Under Scrutiny NationwideSimilar lawsuits and regulatory actions are raging all over the U.S. at the moment, as prediction markets and state gambling regulators scrap over the legality of sports event contracts.Those contracts can be bought and sold by the users of federally regulated prediction markets, allowing them to make de facto bets on sporting events, politics, and economics, among other things.However, it is mostly the election and sports-related contracts that have irked state gaming regulators, as they see gambling as their bailiwick, not the CFTC.Sports Betting or Prediction Market?“Kalshi has established a market for sports betting,” Judge Gordon wrote. “Kalshi advertised that it is the ‘first app for legal sports betting in all 50 states.’ But Kalshi is not licensed to conduct gaming in Nevada or any other state.”Kalshi is now seeking to pause Gordon's latest decision. Otherwise, the prediction market could have to shut down its contested offerings in the state, as Crypto.com did.Serious Legal Questions RemainThere may be some grounds (or “serious questions”) for Kalshi to obtain some relief in the interim.“I dissolve the injunction because the (Nevada Gaming Control Board) has shown that Kalshi is not likely to succeed on the merits, although there are serious questions on the merits,” Gordon wrote. “The Board also has shown that the balance of hardships does not tip sharply in Kalshi’s favor. Rather, the balance of hardships tips in favor of the Board, and the public interest favors dissolving the injunction.”

NJ’s Micro-Betting Concerns Go National Amid MLB Scandals and Ohio PushbackNew Jersey’s micro-betting concerns spark national action as MLB scandals and Ohio’s pushback drive calls for tighter sports wagering rules.Photo by HE Photography/ShutterstockTwo New Jersey lawmakers have introduced bills that would ban micro-betting in the Garden State. Assemblyman Dan Hutchison(D-4) introduced Assembly Bill 5971 in July, and Sen. Paul D. Moriarty introduced Senate Bill 4794 last month.Banning gamblers from making these small bets during game action is starting to reach a national level, especially after multiple gambling scandals unfolded this year.Ohio Gov. Mike DeWine was instrumental in convincing Major League Baseball to reduce micro-betting options for next year. Now, bettors using New Jersey sportsbooks will see less of those types of betting markets during MLB games.MLB cuts down on micro-betsIn the wake of the Cleveland Guardians scandal involving pitchers Luis Oritz and Emmanuel Clase, the MLB and gambling operators have agreed to reduce the amount of micro-bets available during games.Micro-betting is placing wagers on in-game events, like betting on whether the next pitch in an MLB game is going to be a ball or strike, or whether the next play in a football game will be a run or pass.Ortiz and Clase were indicted for rigging “next pitch” micro-bets. Now, operators are only accepting individual pitch wagers as high as $200 and excluding them from parlays.DeWine told the Associated Press that he is pushing for a full ban on prop betting.“It needs to be holistic; it needs to be universal. They’re just playing with fire. I mean, they are just asking for more and more trouble, their failure to address this.”DeWine also said he regrets signing off on legal sports wagering in Ohio.NJ allows out-of-state college propsNew Jersey allows prop betting on professional sports, as do most states. However, NJ also accepts prop wagers on out-of-state college games.For example, operators are allowed to offer over/under on points in a game that features Duke vs. Kentucky. Schools such as Rutgers, Seton Hall, and Monmouth cannot be bet on at all in the Garden State.Sen. Kristin Corrado (R-Passaic) introduced Senate Bill 3080 in April 2024 that would prohibit “sports wagering licensees from offering player-specific proposition bets on college sports.” It moved through the Senate in June but hasn’t moved since.The bill would create another layer of protection for college athletes, extending to all college student-athletes that compete in the state.New Jersey has made the protection of student-athletes a priority. Other states are following the Garden State’s lead.

Article InformationNCAA Reverses Sports Betting Rule for AthletesWritten by Jonathan RodriguezPublished: Mon Nov 24, 2025, 7:00 am ETRead Time: 3 minutesIndustry