DraftKings CEO Jason Robins announced his company will be vigorously competing in the prediction market category and has vowed to eventually become the industry leader. DraftKings Intends to Lead The tug-of-war between prediction market leaders like Kalshi, Polymarket, and Crypto.com, to name a few of the most popular prediction platforms, and state gaming commissions continues
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Michigan Governor Gretchen Whitmer has announced a proposal that would implement a per-bet sports tax on mobile sportsbooks and a tax increase on iGaming platforms operating in the Great Lakes State for FY 2027. Revenue Increase Proposal A reduction in federal funding has spurred Michigan Governor Gretchen Whitmer to recoup those funds in new legislation
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The legal cauldron brewing regarding prediction platforms offering sports event contracts just got hotter as a House bill to prohibit those companies from doing so was recently announced. Whether it gains traction in the lower chamber is unclear, but it does increase the pressure against the federally licensed prediction markets from offering their version of
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Another iteration of online casino legislation is making the rounds in both of Illinois‘ legislative chambers, but the prospects of either bill being passed during this session remain murky. Another Bite at the Apple Illinois legislators have been attempting to legalize iGaming since 2023, and this year is no different. Last year, Representative Edgar González
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Rival Polymarket has filed its own lawsuit against the Bay State just days after a Massachusetts judge ruled in favor of the state’s injunction that prevents prediction-markets operator Kalshi from offering sports-event contracts. Reversal of Fortune Polymarket filed a lawsuit against Massachusetts Attorney General Andrea Joy Campbell earlier this week, arguing that prediction-trading platforms prohibited
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