US Senators introduce bipartisan bill to ban sports betting on prediction markets
The bill would amend the Commodity Exchange Act to ban prediction contracts related to sports events or casino-style games. A bill introduced in the Senate few days ago would ban prediction markets like Kalshi and Polymarket from accepting or listing transactions related to sports events and casino-style games. The bill, co-sponsored by Sens. Adam Schiff, D-Calif., and John Curtis, R-Utah, is the first bipartisan legislation...
Arizona Overtakes Nevada in Monthly Sports Betting Handle, Reaching $656.3 Million with Mobile Dominance
In a significant turn of events, Arizona has outpaced Nevada in sports betting handle for the first time since legalization. The Arizona Department of Gaming’s recent report for April revealed a staggering $656.3 million in total handle, surpassing Nevada by $87.2 million. Arizona’s sports betting industry has shown remarkable growth, marking a 22.5% increase compared to the previous April and maintaining strong numbers despite...
Female Bettors on the Rise as Spain Beats England in the Women’s World Cup
Global gaming operator Entain has reported a surge in betting activity worldwide for the 2023 Women’s World Cup that just wrapped up in Australia and New Zealand. As England and Spain prepared for the final battle, there was a substantial rise in the number of bets both placed by women and in the competition overall. The company behind Ladbrokes, Coral and other betting brands reported that during England’s initial three matches, bets...
