Concerns over prediction markets are mounting among gaming associations and tribal leaders who are calling on federal lawmakers to impose strict regulations. The American Gaming Association and the Inter-Tribal Council of the Five Civilized Tribes have urged Congress and the Commodity Futures Trading Commission to curb platforms that offer sports betting contracts nationwide. Industry leaders argue these platforms operate outside established state and tribal legal frameworks, threatening tribal sovereignty and draining state tax revenues across the country. Testifying before a Senate Agriculture subcommittee, Christopher Cylke of the American Gaming Association stated that platforms such as Kalshi and Polymarket use federal…

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The landscape of World Cup betting shifted dramatically during the 2026 tournament as prediction markets captured 27% of all legal sports gambling volume in the United States. Driven by platforms such as Kalshi and Polymarket, event-based trading exchanges saw unprecedented growth, challenging traditional sportsbooks that previously dominated the sector. According to figures from H2 Gambling Capital, prediction markets expanded their share of soccer gambling activity from roughly 9% at the start of the year to 27% of total volume by the conclusion of the final match between Spain and Argentina. The overall rise in World Cup betting was anchored by…

The highly anticipated WSOP final table is officially set following a grueling summer of record-breaking poker action in Las Vegas. After weeks of intense competition at the Horseshoe and Paris Las Vegas casinos, the 2026 World Series of Poker $10,000 No-Limit Holdem World Championship has narrowed its massive field down to the final nine players. A total of 9,208 entrants registered for this year’s tournament, making it one of the largest fields in poker history. The remaining nine competitors are each guaranteed a minimum payout of $1,000,000 just for making it this far. However, they all have their eyes fixed…

A potential Las Vegas NBA expansion franchise remains highly anticipated, but the league held no vote during its latest meetings. Speaking to reporters after the meetings in July 2026, NBA Commissioner Adam Silver expressed strong optimism about bringing a team to Southern Nevada. Although no official ballot was cast this week, Silver highlighted the league’s deep relationship with the city. This connection is underscored by the high-profile Las Vegas NBA Summer League, which has been hosted in the market since 2004. Silver noted that intense interest from potential ownership groups is encouraging, and he expects a clear resolution by the…

Negotiations regarding a potential MGM takeover have intensified as MGM Resorts International established a special board committee and appointed financial advisers to evaluate a proposal from media mogul Barry Diller. According to reports from the Wall Street Journal, discussions between the casino operator and Dillers firm, People Incorporated, accelerated this month, although sources caution there is no guarantee a final agreement will be reached. The latest developments in the MGM takeover process follow an offer made by Diller on June first. Under that proposal, Diller offered forty-eight dollars and thirty cents per share to acquire the remaining portion of MGM…