Eight years ago, PASPA fell and 39 states built a $13-plus billion legal sports betting industry from the rubble. Now a federal appeals court ruling — and a circuit split that appears to be forming in real time — could bypass that entire structure, not through new legislation but through a 1974 commodities law thatContinue reading “The Appeals Court Ruling That Could Send Sports Betting to the Supreme Court”
Tag Archives: Sports Betting
MLS Banned Two Players for Betting on Games While Cashing MGM’s Checks
The league that has a multi-year partnership with BetMGM — with MGM Resorts signage on over 100 nationally broadcast matches — just handed out two lifetime bans to players who did essentially the same thing MLS does: profit from gambling on MLS games. The difference is that Derrick Jones and Yaw Yeboah didn’t have aContinue reading “MLS Banned Two Players for Betting on Games While Cashing MGM’s Checks”
The College Basketball Point-Shaving Scandal Is Exactly What Betting Critics Said Was Coming
If you wagered on mid-major college basketball over the past two seasons, there’s a real chance you lost money to a fixed game. Not a maybe. Not a conspiracy theory. A federal indictment unsealed in January laid it out: 29 games fixed or attempted across 17 Division I programs, 39+ players implicated, and a gamblingContinue reading “The College Basketball Point-Shaving Scandal Is Exactly What Betting Critics Said Was Coming”
Prediction Markets Want to Eat Sportsbooks’ Lunch — And They Might Actually Do It
The day Kalshi launched Combos — its parlay product — DraftKings stock dropped 12% in a single session. Two and a half billion dollars in market cap, gone. Not because Kalshi had that many users. Because Wall Street finally believed the threat was real. This is the most important fight in American gambling since aContinue reading “Prediction Markets Want to Eat Sportsbooks’ Lunch — And They Might Actually Do It”
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