Charles Schwab, the securities provider and wealth management firm, is reportedly preparing to launch prediction market offerings that will allow users to trade contracts tied to the performance of top listed US companies. According to an unnamed source…
Minnesota state authorities have escalated their legal confrontation with the prediction market industry, filing a new court document that accuses President Donald Trump of attempting to regulate prediction markets for personal benefit. The filing is part of ongoing…
The Indiana Gaming Commission (IGC) is set to consider a request from the National Collegiate Athletic Association (NCAA) to prohibit proposition wagers on college athletes during its June 25 business meeting. The agenda item, listed under "College...", signals…
The Ilitch family, known for their ownership of the Detroit Red Wings and Detroit Tigers, has announced the formation of a new gaming division called Ilitch Gaming. This entity will pursue the full acquisition of two prominent casino…
The US Securities and Exchange Commission (SEC) is reportedly considering a shift from quarterly to semiannual reporting requirements for public companies, a move that could have significant implications for the gaming industry. According to a report from iGaming…
The State of Maryland has announced its intention to exercise its right of first refusal to match the $85m offer made by Churchill Downs for the intellectual property (IP) rights to the Preakness Stakes. This move ensures that…
The Chicago City Council has voted 33-15 to reject a proposal that would have banned sweepstakes machines in the city. The decision, reported by Focus Gaming News, leaves approximately 7,000 unregulated sweepstakes machines operating in Chicago. Alderman Anthony…
Prediction markets are drawing increased attention as new players enter the space and Kalshi, a regulated exchange for event contracts, reportedly eyes an initial public offering. The developments were highlighted in Gambling Insider's weekly roundup, which also noted…
US Congressman Bryan Stiel of Wisconsin has introduced a draft bill that would prohibit members of Congress from trading in politics-related contracts on prediction market platforms. The proposed legislation, titled the Stop Lawmakers From Predicting Act, targets platforms…
The Mississippi Gaming Commission (MGC) has reported that the state's sports betting handle reached $17.3m in May, representing a 23.5 per cent decline year-over-year. The figure also marks a decrease from the $18.8m recorded in April 2024. The…