Articles by Michael Savio

The Commodity Futures Trading Commission (CFTC) has a new chair, Caroline Pham, who has spoken in favor of prediction markets for both sports and politics. Her appointment could end CFTC's efforts to crack down on the markets.

North Dakota’s House of Representatives rejected a resolution to put sports betting on the ballot in 2026, ending hope for legalization in the next two years. Concerts over problem gambling and its impact on college athletics were why lawmakers chose to reject the measure.

A regulator has flagged a January game involving the Eastern Michigan men’s basketball team for suspicious betting. This is the second EMU game to be flagged since December 2, when a game against Wright State saw suspicious wagers placed.

Senator John Keenan introduced SD 1657 to help curb the rise in problem gambling by increasing regulations for sports betting operators. The bill would eliminate prop and live betting, place limits on all players, restrict advertising for sportsbooks, and raise the tax rate to 51%.

Four bills have been introduced in Connecticut to update the state’s sports betting laws. The changes would address sportsbook holds, require two-way betting markets, allow personalized betting catalogs, and establish a process for handling operator errors.

Comcast has announced it will now offer odds from FanDuel on its Xfinity X1 streaming platform nine months after launching its Odds Zone platform with DraftKings. Odds will be available for the NCAA (basketball and football), MLB, NBA, NFL, NHL, PGA, and WNBA.

The Spanish police detained Sevilla star Kiki Salas on Monday as part of an investigation into spot-fixing after identifying irregular betting patterns. The investigation is focused on 30 bets placed by his associates over his yellow card total last season.

Entertain and MGM Resorts, which own the online sportsbooks, have announced they are sticking to their original $250 million EBITDA loss projections for 2024. The move comes just days after FanDuel sent a profit warning to investors.

The District has sued Inralot for $6.5 million for lying when they were awarded the sole sports betting operating license due to making false promises. The suit accuses Intralot and a subcontractor of making an illegal deal to cut out local businesses.

TwinSpires' parent company, Churchill Downs, has filed a new lawsuit against the MGCB this week to keep its ADW horse racing platform open in Michigan. The move comes after TwinSpires refused to comply with a shutdown order from the operator.