Author: Adam Roarty
Posts by Adam Roarty
Rep. Brian Stewart has confirmed that he is working on a proposal to legalize online casinos in Ohio. The legislation could allow legal online poker and other casino games in the Buckeye State. Stewart is seeking new sources for tax revenue after plans to raise existing gambling taxes were removed from Gov. Mike DeWine’s budget. […]
The Commodity Futures Trading Commission (CFTC) has asked the D.C. Circuit Court to withdraw its appeal against the legality of election markets. This paves the way for future election betting through prediction market sites such as Kalshi, Crypto.com, and Robinhood. The move to dismiss the case also points to the CFTC validating the expansion of […]
A bill proposing to ban sweepstakes casinos in New York has been amended to give regulators more control over what constitutes a dual-currency system. Sen. Joseph Addabbo’s SB5935 aims to prohibit social and sweepstakes casinos in the Big Apple. The bill originally defined online sweepstakes as a platform that “utilizes a dual-currency system of payment […]
A pair of bills that aimed to tackle the rise of sweepstakes casinos by banning dual-currency gambling will no longer be considered by Florida lawmakers. The bills are off the table despite state lawmakers extending the legislative session from the original end date of May 2nd to June 6th. Former Philadelphia Eagle, Sen. Corey Simon had […]
The 151st Kentucky Derby, held on Saturday, set a new record betting handle for US horse racing. Early reports suggest US gamblers staked a total of $234.4 million on the race, up 11% from last year’s $210.7 million. It was the second running of the race since Kentucky sports betting was legalized in September 2023. […]
The NBA has sent a letter to the Commodity Futures Trading Commission (CFTC) about the risks of continuing sports prediction markets. The pro-basketball organization became the second major professional sports league to raise concerns about the spread of prediction markets on sites such as Kalshi, following the MLB, which sent a letter last month. Alexandra […]