Federal Appeals Court Rules States Retain Authority to Regulate Prediction Markets Under Gambling Laws
A federal appeals court has determined that state governments possess the authority to regulate prediction markets under existing state gambling frameworks. In a unanimous ruling issued on Friday, the Ninth Circuit Court of Appeals affirmed that platforms offering event-based prediction contracts are subject to state-level gaming oversight. The decision More...
Nevada Casinos Record $1.38 Billion in July Gaming Win
According to the Nevada Gaming Control Board, the 453 large casinos across the state generated $1.38 billion in revenue for the month. Clark County accounted for the majority of this total, producing $1.17 billion, More...
Caesars Entertainment Schedules Shareholder Vote on $17.6 Billion Takeover Bid by Fertitta Entertainment
Caesars Entertainment Inc. has formally scheduled a shareholder vote for September 22, 2026, to determine the outcome of a multibillion-dollar acquisition proposal. The vote centers on a definitive agreement with More...
Florida Attorney General Files Lawsuits Against Online Sweepstakes Casinos
Florida Attorney General James Uthmeier initiated legal action to permanently halt the operations of several prominent online sweepstakes casinos within the state. The two lawsuits, filed in Hillsborough County More...
Atlantic City Casinos Report 9.3% Decline in Second-Quarter Operating Profits Amid Rising Costs
Atlantic City’s nine casino properties recorded a 9.3% decline in collective gross operating profit during the second quarter, according to financial data released by New Jersey gaming regulators. While overall More...
Nebraska Online Sports Betting Makes November Ballot
The Nebraska Secretary of State’s Office has certified two citizen-led petitions to legalize and regulate online sports betting, officializing their inclusion on the upcoming general election ballot on November More...
Pennsylvania Sports Betting Sector Records Revenue Growth in July 2026
In July 2026, Pennsylvania’s regulated gambling market recorded year-over-year expansion, primarily driven by the sports betting and interactive gaming (iGaming) sectors. According to data released by the Pennsylvania More...
Bally’s Corporation Revises Phased Construction Strategy for Las Vegas Ballpark Development
Bally’s Corporation has updated the construction strategy for its $1.1 billion mixed-use development surrounding the future Athletics ballpark in Las Vegas. The revised approach divides the project into three More...
Pennsylvania Reports Increases in Sports Betting Handle and Revenue for July
In July 2026, Pennsylvania’s sports wagering sector experienced year-over-year growth in both betting handle and overall revenue. According to data released by the Pennsylvania Gaming Control Board (PGCB), More...
Prediction Market Kalshi Processes $40 Billion in World Cup Trades Amid State Tax Disputes
During the 2026 FIFA World Cup, the prediction market platform Kalshi recorded an estimated $40 billion in event contract trades, despite this unprecedented trading volume, Kalshi maintains that it operates as a More...