Utah charges Kalshi and its founders, escalating a fight over who can regulate prediction markets
Kalshi has maintained that prediction markets fall exclusively under federal jurisdiction and are not governed by state gambling laws.
Gambling
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NCAA considers allowing pro sports betting by student-athletes
The NCAA’s Division I Council announced a proposal in June that, if adopted in October, would change sports betting rules to permit student-athletes and staff members to bet on professional sports.
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Motorsports legal conference explores immigration issues, racetrack gambling
One perennial issue that received increased attention this year was the immigration status of the foreign-born drivers and team members who stay in the U.S. for months or even years with their employers.
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NFL urges the Supreme Court to rule on regulation of prediction markets
According to the NFL’s brief, on the first Sunday of this season, more than half of the trading volume on prediction markets — $1.8 billion out of $3.3 billion total — was related to the league.
Indiana gaming officials turn down NCAA’s request to ban prop bets
Regulators say banning the bets is a job for the Indiana General Assembly.
New York sues prediction market Polymarket, calling it an unlicensed gambling operation
The lawsuit is the latest legal challenge from a state moving to rein in popular and now-ubiquitous betting apps that allow people to place wagers on most anything, including sports, weather, elections and technology.
Former IU QB drops lawsuit against NCAA after getting injunction to play despite gambling
The injunction last week had prevented the NCAA from enforcing its ruling that Brendan Sorsby was ineligible to play what would have been his final college season. He’ll now be able to apply for the NFL’s supplemental draft.
UPDATE: Former IU quarterback won’t play for Texas Tech after unprecedented legal fight over his eligibility for gambling
The decision came on the same day that the Indianapolis-based NCAA and Big 12 Conference filed lawsuits in different courts.
Lake County restaurant owners indicted on illegal gambling charges
Prosecutors say James Gerodemos and Dean Gialamas, owners of Paragon Restaurant and Gino’s Steakhouse in Lake County, spearheaded an illegal sportsbetting business from about January 2021 through this month.
Crackdown continues on central Indiana drug trafficking, dog-fighting ring
More than a dozen people have already been sentenced for their roles in an illegal gambling and dog-fighting ring, with more awaiting sentencing hearings.
Fanatics names former Indiana Gaming Commission director as senior vice president of legal
Sara Tait stepped down from the state’s gambling regulatory body in 2021 after six years in the role.
NCAA asks court to stop DraftKings from using trademarked terms such as ‘March Madness’
The NCAA said in the complaint its trademarks are used to identify, brand, advertise and distinguish the tournaments across broadcast media, digital platforms, merchandise, sponsorships and licensed commercial activities.
Man who helped recruit players into sprawling NCAA basketball point-shaving scheme pleads guilty
The point-shaving scheme grew to involve more than 39 players on more than 17 different NCAA Division I men’s basketball teams, who then rigged and attempted to rig more than 29 games, prosecutors said.
A scheme to rig college basketball games has been uncovered. Here’s what we know
The charges filed in federal court in Philadelphia include bribery, wire fraud and conspiracy.
Indiana online lottery bill advances as ban eyed on other internet gambling
The House Public Policy Committee endorsed a bill on Tuesday allowing online lottery sales, a move sought for years by state lottery officials as a way to boost revenue.
Online lottery sales, new casino on Indiana’s gambling docket
Proposals for allowing the Hoosier Lottery to sell tickets online and the opening of a Fort Wayne-area casino are in the cards for what could be Indiana’s biggest gambling expansion since sports wagering was legalized in 2019.
Portland Trail Blazers coach Chauncey Billups pleads not guilty in rigged poker games case
The five-time All Star, who won a championship with the Detroit Pistons, was arraigned in a federal court in New York City on money laundering conspiracy and wire fraud conspiracy charges, both of which carry a maximum punishment of 20 years in prison.
2 MLB pitchers charged with taking bribes to rig pitches for bettors
According to the indictment unsealed Sunday, the highly-paid hurlers took several thousand dollars in payoffs to help two unnamed gamblers from their native Dominican Republic win at least $460,000 on in-game prop bets.
NCAA delays rule change permitting college athletes to bet on professional sports
The delay comes less than a week after an NBA coach and player were arrested in a takedown of two sprawling gambling operations that authorities said leaked inside information about NBA athletes.
NBA’s gambling scandal renews congressional calls to regulate sports betting
The arrests of current and former high-profile NBA figures on Thursday for illegal sports betting and rigged poker games spurred fresh calls from lawmakers for federal regulation.
How a 2018 Supreme Court decision paved the way for meteoric growth in legal sports betting
The court’s ruling struck down a 1992 federal law, the Professional and Amateur Sports Protection Act, that had barred betting on football, basketball, baseball and other sports in most states.
NBA head coach and player charged in sprawling sports betting and Mafia-backed poker schemes
The two indictments unsealed in New York create a massive cloud for the NBA — which opened its season this week — and show how certain types of wagers are vulnerable to massive fraud in the growing, multibillion-dollar legal sports-betting industry.