SBC Americas
Sports betting business news and insight
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Latest posts
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Illinois appeals to Seventh Circuit after judge blocks prediction markets law
KEY TAKEAWAYS A new federal court preliminary injunction blocks Illinois from enforcing the prediction markets licensing and tax law state legislators passed in June. In an order issued Friday, Oct. 30, Judge Martha Pacold wrote that Illinois officials including Attorney General…
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NCAA joins sportsbooks, prediction markets in IC360’s Bad Actor Program
KEY TAKEAWAYS As the NCAA continues its efforts to tackle betting-related abuse of college athletes and other sports personnel, it is the first U.S. sports governing body to announce its participation in the Integrity Compliance 360 (IC360) Bad Actor Program. As part of the…
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Prediction Markets Weekly: Kalshi valued at $40bn, NFL blocks Saquon Barkley’s Polymarket deal
There can be little doubt about this week’s biggest prediction markets newsmaker: the litigation war unfolding in Utah that has Kalshi’s co-founders facing felony charges and gaming operators making hasty retreats. Other notable headlines this week in the world of event…
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DraftKings, FanDuel, Fanatics retreat from Utah prediction markets amid Kalshi firestorm
KEY TAKEAWAYS: Utah’s felony charges against Kalshi spooked sports betting operators just before Halloween. The anti-gambling state brought a total of 14 criminal charges against Kalshi in state court this week, 13 of which are felony counts. Utah Attorney General Derek Brown…
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Raising Arizona: Utah brings 13 felony charges against Kalshi
KEY TAKEAWAYS Utah wants Kalshi charged with second-degree and third-degree felonies. The Republican anti-gambling state escalated its war with the prediction markets industry on Wednesday by filing 14 criminal charges against Kalshi. The complaint also names the prediction…
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Rush Street says US online casino growth cooling, but legalization hopes alive for 2027
KEY TAKEAWAYS Online casino has driven U.S. online gambling growth, but Rush Street Interactive (RSI) says that engine is slowing. Rush Street reported Wednesday that its third-quarter revenue grew 39% year over year to $385.9m and its adjusted EBITDA surged 73% to $62.2m. The…
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MGM Resorts CEO says back-and-forth takeover talk with People Inc. is over for good
KEY TAKEAWAYS Barry Diller’s People Inc. won’t be buying MGM Resorts International, and MGM Resorts International won’t be buying Barry Diller’s People Inc. MGM Resorts President and CEO Bill Hornbuckle definitively cleared up the situation around the M&A discussions on the…
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Hires and Higher-Ups: Polymarket reportedly fires CMO, Ifrah Law adds six
Legal and compliance work set the pace for this week’s leadership moves, from law firm benches to executive suites. SBC Americas collects the week’s notable appointments, promotions and exits. This week, Ifrah Law added six professionals and names a new managing partner.…
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Kalshi sues Missouri, says cease-and-desist compliance is impossible
KEY TAKEAWAYS Kalshi joined fellow prediction market operators by suing Missouri this week, after Attorney General Catherine Hanaway issued cease-and-desist notices to six sports event contract platforms last month. In a federal court lawsuit filed on Tuesday, Oct. 27, Kalshi…
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Gambling companies pour $1m into both sides of Arizona midterm races
KEY TAKEAWAYS As state lawmakers and regulators continue to enforce Arizona sports betting laws stringently, gambling and prediction markets companies are donating to both sides of the ballot ahead of the 2026 midterm elections. At least six gambling-linked donors sent a…
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Polymarket shuts down sports in Michigan, following Kalshi, Robinhood, Coinbase
KEY TAKEAWAYS Polymarket this week became the fourth prediction market platform to shut off sports contracts in Michigan. QCX LLC, which operates as Polymarket US, agreed to stop offering new sports-related event contracts to Michigan customers and to close any remaining open…