Sports Betting News

Tribal leaders in the Golden State are attempting to restart negotiations over sports betting with a new proposal for a regulated market run by them. The proposal comes as sports prediction markets grow in popularity, giving bettors another way to wager on sports.

The Michigan Gaming Control Board (MGCB) has confirmed reports that they have opened an investigation into sports prediction markets operated by Kalshi and Robinhood. The sports betting regulator has not taken any action against the operators as of yet.

Hawaii’s Senate Ways and Means Committee passed online sports betting bill HB 1308 by a vote of 11-2, setting it up for a vote on the Senate Floor. While the bill passed by a wide margin, four lawmakers expressed reservations over their support.

The Baltimore City Law Department has filed a lawsuit against FanDuel and DraftKings for deceptive marketing tactics. The department accuses them of fueling the rise in problem gambling and violating the city’s Consumer Protection Order, allowing it to take legal action.

Kalshi filed lawsuits against the New Jersey and Nevada regulators over cease-and-desist letters demanding its March Madness prediction market shut down. The company argues that only the CFTC should control the controversial market, meaning the regulators’ actions are illegal.

Sports betting bill HB 1101 and HB 1047 would establish a tribal-run sports betting market in Oklahoma, despite the threat of veto from Governor Stitt. The Senate is considering a separate bill, but the two champers haven’t been able to reach a compromise.

The Mississippi Senate has officially rejected the House's sports betting bill, SB 2510. The changes would establish a regulated market and ban sweepstakes. The House and Senate will now head to a committee to consider the bill.

The Massachusetts Securities Division (MSD) has issued a subpoena to Robinhood over the sports prediction market. The move comes as Secretary of the Commonwealth Bill Gavin opened an investigation into the controversial new offering soon after its March 17 launch.

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.

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.