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Michael Savio

New CFTC nominee Michael Selig sat before a Senate committee this week. A major topic was sports prediction markets and how Selig would handle the debate over them. The nominee promised to abide by whatever rulings the courts provide.

A Maryland District Court rejected a request from the city of Baltimore to move a lawsuit against FanDuel and DraftKings to federal court. The ruling determined that state courts should decide the issue since Massachusetts sets its own sports betting laws.

Leaders from FanDuel and DraftKings expressed confidence that their sports betting licenses will remain active, despite warnings from state regulators. Both have assessed the risk before confirming the launch of sports prediction markets and found little risk to their booming sports betting business.

The latest FIFA Rankings allowed the European playoff field to be set, creating four paths to this summer’s World Cup. Italy enters as the biggest betting favorite to advance, returning to the World Cup for the first time since 2014.

FanDuel and DraftKings have announced their exit from the American Gaming Association. The move comes after the operators were unable to reach a common ground with the group on adding sports betting regulations for sports prediction markets.

FanDuel and DraftKings have both confirmed plans to offer sports prediction markets in the coming months. While limiting the offering to states without legal online sports betting, the launch will violate warnings from several state gambling regulators.

A California court has rejected a request from three tribes to ban Kalshi’s prediction market platform on their lands, claiming a violation of IGRA. The court held that, because sports contracts aren’t considered gambling, they cannot violate tribal gaming laws.

Cristiano Ronaldo was awarded the first red card of his international career against the Republic of Ireland. He will miss the team’s final qualifying match, but FIFA could add to that ban. If they do, Ronaldo would miss World Cup matches.

The MLB has reached a deal with the top US sportsbooks to place new limits on micro-betting after a recent scandal involving two active players. The changes include setting a $200 limit on those wagers and banning them from being added to parlays

Federal Prosecutors have filed indictments against Cleveland Guardians pitchers Luis Ortiz and Emmanuel Clase over a betting scandal involving micro-betting. Both are accused of spot-fixing and are facing up to 60 years in federal prison.