The NBA bans prop bets across several player statistics and game events under new restrictions introduced for the 2026-27 season, as the league moves to address concerns about betting-related manipulation following high-profile gambling investigations. Announced in a memo distributed to authorized sportsbook partners on October 16, the measures prohibit certain wagers considered vulnerable to manipulation. The restrictions apply to major operators, including DraftKings and FanDuel, as well as other authorized betting partners. Under the new rules, sportsbooks cannot offer parlays combining multiple under bets on the same player’s statistics. These wagers allow bettors to combine predictions that a player will…

US Senator Ted Cruz is seeking state control of Prediction Markets through new legislation that would give state and tribal governments jurisdiction over sports-related contracts offered by trading platforms. The Texas senator plans to introduce the measure after the November 3 midterm elections. Under the proposal, prediction market operators would be prohibited from offering contracts linked to sports wagering without explicit approval from local or tribal authorities. The proposed transition toward state regulation could significantly alter how platforms like Kalshi operate under Commodity Futures Trading Commission regulation. Currently, these exchanges offer sports event contracts across the nation under federal oversight….

A new civil lawsuit has been filed, as Utah sues Kalshi alleging unlawful gambling operations across the state. Attorney General Derek Brown announced the legal action in Utah Third District Court targeting the prediction market operator along with its affiliates and two Susquehanna trading firms. The complaint seeks financial restitution ranging from $30.6 million to $61.2 million based on alleged violations of statutes governing wagering and gaming activities. State officials maintain that the suit was filed because the platform illegally offered sports, elections, politics, and culture event contracts to state residents. According to the filing, the company generated millions in…

Prediction Markets face intense legal scrutiny as the National Football League recently filed a 32-page amicus brief with the Supreme Court urging review to protect competitive integrity across professional sports. The legal document questions the regulatory capacity of federal oversight bodies regarding sports event contracts and highlights ongoing concerns about insider trading and game manipulation. Industry participants continue discussing compliance frameworks as litigation expands across multiple jurisdictions. Conferences in New York emphasized the need for strict enforcement against unauthorized disclosures of sensitive information. Meanwhile state legal disputes intensify as tribal entities challenge gaming operators over digital platforms offering event derivatives….

In the state of Florida, we’ve now seen DraftKings sued by the Seminole Tribe alleging the sports betting company is operating an unauthorized wagering business that violates state law and the gaming compact governing betting on sports in the state. The lawsuit targets DraftKings and chief executive Jason Robins and seeks to halt the company’s alleged activities. The 72-page complaint was filed in Florida state court and focuses on DraftKings’ Super App. The tribe argues that the product offers sports wagering without the required state authorization, challenging the company’s operations under the 2021 Gaming Compact between Florida and the Seminole…

Resorts World has pitched the North Strip as the ideal location for a potential Las Vegas NBA Arena as professional basketball continues to evaluate expansion possibilities. The five-year-old integrated resort has held discussions with ownership groups bidding for a potential expansion franchise. Resort executives pointed to a 42-acre parcel of land near the property that is currently available for major commercial development. Property leadership noted that the northern stretch of the main boulevard has transformed into a high-end destination alongside nearby luxury resorts. The available real estate sits with clear access to major local transit corridors and already features existing…

The ongoing legal battle regarding a possible SCOTUS Kalshi hearing reached a milestone, as national gaming regulators formally urged the United States Supreme Court to resolve a growing jurisdictional fight. State regulators have filed supporting briefs backing New Jersey in asking the highest court in the nation to determine whether federal commodities law preempts local oversight of sports event contracts. State regulatory agencies maintain that prediction platforms offering wagers on sports results act as unlicensed sportsbooks, evading consumer protections, integrity controls, and minimum age limits established by individual state legislatures. The International Association of Gaming Regulators and the North American…

The recent Kalshi deal with tribal gaming operator partnerships has expanded to include four additional Native American tribes, highlighting a growing split across Indian country regarding prediction markets. The Kletsel Dehe Wintun Nation, Greenville Rancheria, and Alturas Indian Rancheria in California, alongside the Alabama-Quassarte Tribal Town of Oklahoma, have formally joined forces with the platform. They follow a similar agreement reached with the Louisiana-based Tunica-Biloxi Tribe last month. Under the agreed terms, each participating sovereign tribe retains full ownership of its custom branded mobile application and oversees the primary customer relationship. Kalshi serves as the technical backend operator, managing execution,…