readwrite.comadded August 2026
ReadWriteby ReadWrite1d ago
Wyoming’s Select Committee on Gaming unanimously sponsored draft legislation to ban online sweepstakes games, a proposal that would make operating them a felony but does not yet change the law.
ReadWriteby ReadWrite1d ago
The Seminole Tribe has sued DraftKings in Broward County, alleging the company is offering unlicensed sports betting in Florida and violating the Tribe’s exclusive position under the state’s 2021...
ReadWriteby ReadWrite2d ago
Kalshi, Polymarket and the Coalition for Prediction Markets spent at least $3 million on lobbying and political contributions in 2026, as the companies and state officials fight over who can...
ReadWriteby ReadWrite2d ago
Blockchain.com has asked the CFTC for permission to offer prediction markets and cryptocurrency derivatives in the United States, but the applications have not yet been approved.
ReadWriteby ReadWrite2d ago
The CFTC is confronting an expanding crypto and prediction-market sector with fewer staff and sharply reduced enforcement activity, raising questions about its capacity to police markets where...
ReadWriteby ReadWrite3d ago
The NFL has filed an amicus brief backing New Jersey’s petition for Supreme Court intervention, asking the justices to clarify whether states can regulate sports prediction contracts or whether...
ReadWriteby ReadWrite3d ago
The Michigan Gaming Control Board has issued cease-and-desist letters to 33 offshore operators accused of offering casino games, sweepstakes-style games or sports betting to Michigan residents...
ReadWriteby ReadWrite3d ago
The U.S. Court of Appeals for the Sixth Circuit ruled against Kalshi on Sept. 25, saying Tennessee and Ohio can regulate its sports-event contracts under state gambling laws.
ReadWriteby ReadWrite3d ago
Sen. Richard Blumenthal plans to seek information from DraftKings and prediction-market platforms including Kalshi and Polymarket, while continuing to press FanDuel for details about its VIP bettor...
ReadWriteby ReadWrite4d ago
Coinbase Financial Markets Inc. has agreed to stop offering new sports-event contracts to Michigan customers and close remaining open positions by midnight Saturday under an agreement with state...
ReadWriteby ReadWrite4d ago
Rep. Don Davis, a North Carolina Democrat, introduced the No Betting on Your Own Race Act, a bill that would bar federal candidates and specified people and campaign bodies connected to them from...
ReadWriteby ReadWrite4d ago
DraftKings and FanDuel each added $3.5 million to Nebraska’s online sports-betting campaign as prediction markets topped $9.4 billion in weekend volume ahead of the state’s November 3 vote.
ReadWriteby ReadWrite5d ago
Maine’s online casino market is legal but not live, with the Maine Gambling Control Unit taking public comments on proposed rules through Oct.
ReadWriteby ReadWrite5d ago
Bank of America upgraded DraftKings from Neutral to Buy, kept its $27 price target and estimated the company could collect about $400 million in prediction-market fees in 2027.
ReadWriteby ReadWrite6d ago
Florida Attorney General James Uthmeier is suing the operators behind Chumba Casino, Global Poker and Stake.us, alleging that their sweepstakes casino platforms violate state gambling law and...
ReadWriteby ReadWrite6d ago
Pennsylvania lawmakers are considering House Bill 2801, a proposal that would prohibit sweepstakes casino-style platforms and create a state regulatory framework for skill-game machines if enacted...
ReadWriteby ReadWrite7d ago
Nevada has opposed Kalshi’s request to delay proceedings on its rehearing petition in the Ninth Circuit while the CFTC develops proposed event-contract rules, keeping the state’s challenge to the...
ReadWriteby ReadWrite7d ago
A Pennsylvania man who self-excluded from DraftKings and FanDuel after bankruptcy later found Kalshi through an Instagram ad and lost more than $25,000, NPR reported.
ReadWriteby ReadWrite8d ago
Novig said trading volume rose nearly 94% and first-time depositors increased more than 218% across the 20 days before and after its Sept.
ReadWriteby ReadWrite8d ago
New York has moved to sue Polymarket as prediction markets offer sports contracts outside the state’s sportsbook tax framework, raising questions about a gambling-tax base worth more than $1...
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