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Ohio Republicans Want to Kill Online Sports Betting as We Know It
Ohio Republicans are proposing two bills that would drastically overhaul the state's online sports betting system, including banning online bets, prop bets, and credit card usage, while imposing a $100 maximum wager. These proposed changes aim to curb gambling addiction and reduce advertising but could significantly impact revenue for operators and the state. The outcome in Ohio could influence similar legislative actions in other states.
New Jersey has no right to ban Kalshi's prediction market, US appeals court rules
A US appeals court ruled that New Jersey cannot regulate Kalshi's prediction market, stating that authority rests with the Commodity Futures Trading Commission. The ruling favors prediction markets, which allow users to bet on various outcomes, including sports events. This decision marks a significant federal-level victory for companies like Kalshi against state-level regulatory challenges.