Articles by Michael Savio

A Nebraska Senate Committee passed LR 20CA earlier this week, which would allow residents a chance to vote on legalizing sports betting in November 2026. Before qualifying for the ballot, the bill must pass three Senate votes by a two-thirds majority.

The New York Senate Racing, Gaming, and Wagering Committee unanimously passed a bill banning sweepstakes gambling this week, setting up a Senate floor vote. The bill aims to subject the industry to the same regulations and taxes as the real-money gambling industry.

Robinhood has announced a new sports prediction market for the 2025 NCAA Tournament, thanks to a partnership with Kalshi and regulatory advice from the CFTC. The launch led to an 8% bump in Robinhood’s stock price despite the market's overall uncertainty.

New Responsible gaming initiatives will be tested as the AGA is projecting a record-setting $3.1 billion in wagers during the 2025 edition of March Madness. The tournament will give lawmakers a barometer to gauge these initiatives' effectiveness.

A group of Republican House members sent a letter to the House State Affairs Committee requesting it shelve sports betting legislation for the 2025 session. They argued that the bills don’t have the votes, so reviewing them would waste time and money.

FanDuel Sportsbook has debuted the sports betting industry’s first AI tool for bettors wth its AceAI. The new tool allows bettors to quickly check stats, previous games, and other research to help them make smarter and more profitable bets.

Rep. Tonko and Sen. Blumenthal have reintroduced the SAFE Bet Act into Congress, which would shift sports betting regulation to the federal government. The bill is meant to address the sharp rise in problem gambling but will face heavy opposition from the industry.

DraftKings has applied with the National Futures Association (NFA) to begin offering a sports predictions market. These new markets gained popularity during Super Bowl LIX but are now under investigation from the CFTC as debate over their legality rages on.

This week, a pair of sports betting bills failed on the Georgia House floor. The first bill creates a legal framework for the industry, while the other proposes creating a ballot initiative for voters to decide on legalizing it.

A group of Connecticut lawmakers has proposed Senate Bill 1464, which would set a maximum daily sports betting wagering limit. Supporters hope that the bill will help curb the alarming rise in problem gambling without a full ban on the industry.