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BetMGM said it is reducing investment in lower-return sports-betting-only states and redirecting spend to iGaming markets and Nevada as competition from prediction markets and illegal operators intensifies.
Las Vegas sports bettor Shane Hennen pleaded guilty in Philadelphia to federal charges tied to basketball fixing schemes and a separate NBA-related betting case.
A growing number of online platforms offer election-related markets, but state laws vary widely and some jurisdictions warn voters they could face penalties for betting on races they vote in.
South Carolina still bans sports betting, but lawmakers and gubernatorial candidates are signaling a new push for regulated online wagering after Gov. Henry McMaster leaves office.
Underdog has sued Tennessee officials after the state ordered it to stop offering sports event contracts, setting up another test of whether states can regulate prediction-market products as gambling.
Novig and Crypto.com have taken Missouri to federal court after the state moved to stop sports-related event contracts it says violate wagering law.
