Industry

Global Gambling Market Seen Reaching $910.9 Billion by 2035, Report Says

A ResearchAndMarkets.com report says the global gambling market could grow from $576.72 billion in 2025 to $910.92 billion by 2035, with online sports betting, lotteries, AI and digital payments among the key growth areas.

Chris Christie Says Sports Betting Grew Beyond What New Jersey Expected

Former New Jersey Gov. Chris Christie said the sports betting industry that grew out of the state’s PASPA challenge expanded much faster than he expected, and he urged tougher scrutiny of prediction markets.

Fake Polling Stunt Puts Kalshi, Polymarket Election Markets Under Fresh Scrutiny

A fake poll operation tied to a 21-year-old man has intensified debate over whether election prediction markets can be manipulated by bad information ahead of the midterms.

U.S. Online Sports Betting Growth Reshapes How Fans Watch Games, New Data Shows

New industry and survey data show online sports betting is becoming a bigger part of how U.S. fans consume sports, with mobile access and live wagering driving engagement.

Trump Jr. Reportedly Asked GOP AGs to Back Off Kalshi and Polymarket

Donald Trump Jr. reportedly told Republican state attorneys general in March to leave prediction markets such as Kalshi and Polymarket to federal regulators, as legal fights over the platforms expand.

Caesars Sportsbook Fined Nearly $297,000 by New Jersey Over Responsible Gaming Violations

New Jersey regulators finalized a civil penalty totaling nearly $297,000 against Caesars Sportsbook for responsible gaming, self-exclusion, and advertising violations.

Colorado Sports Betting Handle Reaches Record $6.4B, Sending More Than $47M to Water Projects

Colorado set a new sports betting handle record at $6.4 billion in the last fiscal year, while tax revenue for water projects rose 28% to more than $47 million.

GOP Heavyweight Joins Push to Reverse Gambling Loss Cap in “Big Beautiful Bill”

Rep. Jason Smith, chair of the House Ways and Means Committee, says the gambling tax deduction cap in Trump’s 2025 budget was a “bad decision” and pledges to reverse it.