Sports Betting News

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.

The Mississippi House passed the Mississippi Mobile Sports Wagering Act, which would legalize mobile sports betting, by a vote of 88-10. The Senate will have until the end of the 2025 legislative session on April 6 to pass the bill.

The Nevada Gaming Control Board (NGCB) has issued a cease-and-desist letter to KalshiEX LLC, ordering them to take down all sports-related prediction markets. The order is meant to protect the state’s thriving sports betting industry and avoid accelerating the growth of problem gambling.

Georgia House Rep. Marcus Wiedower has proposed new legislation to legalize online sports betting. Both must be passed on to the Senate by March 6. The proposal comes a week after similar legislation in the state Senate failed to garner support.

A Georgia Senate Committee has voted against a proposal for a ballot initiative to legalize sports betting. Opponents continue to have concerns over the damage of problem gambling, which has led to the industry's failure to make much progress over the years.

Hawaii Sports Betting House Bill 1308 passed through the Finance Committee and is heading to the House Floor, but strong opposition remains ahead. If passed, it will head to the Senate, where a companion bill was recently deferred.

New Jersey Governor Phil Murphy proposed a 2026 budget that includes a tax hike for sports betting operators, though support among lawmakers appears scarce. The two largest obstacles to the proposal are the market’s long history of legal gambling and an upcoming election.

Maryland Senator Joanne Benson has introduced Senate Bill 1033 to ban sports betting. The proposal would shut down the legal market two years after it launched. The proposal comes as lawmakers grow concerned about the continued spike in problem gambling.

Alabama State Senator Greg Albritton sat down for an interview and said he would not propose sports betting legislation this session. The lawmaker found he didn’t have enough votes to pass a bill, making the effort a waste of time and money.