SBC Americas

The hostility faced by prediction markets across the US is embodied by the struggles of Kalshi in New York.

Tensions are boiling over in the Big Apple, as New York State Governor Kathy Hochul warned the prediction market platform that it cannot buy itself an exemption from the law as the legal battle between the state and the sector escalates.

The New York attorney general on Friday (31 July) filed a lawsuit against Kalshi, accusing the prediction market platform of breaking the law by offering unregulated gambling under the guise of events contracts.

According to the Wall Street Journal, Kalshi had offered to pay a 6% tax on prediction market traders, which would raise $10bn over five years for the state.

However, Governor Hochul posted on X: “Kalshi can promise 100% of its revenue. You can’t buy yourself an exemption from New York law. If an illegal bookie offers the state a share of their profits, we’ll still shut them down.”

Kalshi can promise 100% of its revenue.

You can’t b..

Caesars Sportsbook reached a financial settlement this month with the New Jersey Division of Gaming Enforcement (DGE) to address a series of responsible gambling violations.

The operator agreed to pay a $251,250 fine and to disgorge $45,465 in profits in order to avoid additional disciplinary action by the DGE, according to an Aug. 5 letter sent to Caesars.

The regulator warned, however, that further violations will result in future discipline, even for small infractions.

Image: Andy Borysowski / Shutterstock.com

What NJ sports betting rules did Caesars violate?

According to the letter, Caesars committed the following violations over an unspecified period of time:

Displaying signage that did not contain the appropriate RG language in accordance with regulations

Not sending to DGE the daily self-exclusion list

Offering a permanent self-exclusion option through its platform

Permitting self-excluded patrons the opportunity to wager through other platforms

More specifically, sign..

In the wake of the furor surrounding FanDuel’s use of a message from Bryce Harper, the MLB Players Association (MLBPA) told members of Congress that it is open to banning players from participating in personalized marketing campaigns tied to sports betting VIP programs, and that MLB “balked” at a ban on prop bets.

MLBPA General Counsel Jeffrey Perconte wrote in an Aug. 24 response to a letter sent Aug. 10 by federal legislators that the players association “welcomes dialogue with lawmakers regarding our Sports Betting Policy and potential measures that can be taken to promote the safety and wellbeing of both our members and the public.”

Union: MLB not on board with player prop ban pitch

The players association stated in its letter that the MLBPA proposed a joint lobbying effort with MLB to ban prop bets and functionally similar in-game performance event contracts on prediction markets that are based on in-game performance.

That was one of its planned measures to curb “bets that are..

Around half of American adults say they partake in at least one form of gambling, but confirmed participation in almost every category fell in recent years. That’s the bottom-line conclusion of a new Gallup poll, which combines the results of telephone surveys and an online poll conducted in recent weeks. The phone survey concluded that 45% of respondents reported they…

Three mmbers of Congress are calling on Major League Baseball to make changes to its gambling policies amid a controversial video delivered by FanDuel that featured superstar Bryce Harper.

On Monday, MLB Commissioner Robert Manfred and MLBPA Interim Executive Director Bruce Meyer received a letter calling on MLB to change its policies that allow players and teams to secure partnerships with licensed sportsbooks.

The letter was sent by Rep. Paul Tonko, Sen. Richard Blumenthal, and Rep. Valerie Foushee.

Manfred and Meyer received the letter following a controversial video sent to a former FanDuel VIP customer who has admitted to having a gambling addiction. The video was sent by a FanDuel VIP manager, with the content including Harper. In the video, the Philadelphia Phillies superstar wished former FanDuel customer Terry Thompson an “extra special Thanksgiving.”

Why is Harper video problematic for FanDuel, MLB?

The video was sent to Thompson in 2024 to encourage betting despite the ..

FanDuel was handed a sizable fine by Iowa’s gaming regulator last month, adding to recent sports betting infractions by the operator in the Hawkeye State.

According to documents obtained by SBC Americas, the Iowa Racing and Gaming Commission (IRGC) fined FanDuel a total of $95,000 for two separate sports betting violations. The infractions occurred between June 2024 and July 2025, and relate to impermissible betting markets offered by FanDuel tied to basketball and soccer.

FanDuel self-reports basketball violation

According to the IRGC, FanDuel self-reported to the regulator that it offered impermissible wagers on the Maharlika Pilipanas Basketball League (MPBL) between June 4, 2024 and April 2, 2025. FanDuel violated Iowa’s gaming rules and procedures by offering betting markets on a basketball league that is not officially sanctioned by the International Basketball Federation (FIBA). The IRGC requires operators to only offer betting markets on international professional basketball..

The Massachusetts Gaming Commission (MGC) held a public meeting on Tuesday to discuss several alleged noncompliance matters involving four sports betting operators.

The MGC’s open meeting allowed commissioners of the regulator to discuss noncompliance matters tied to retail and online wagering and next steps in addressing the issues. Commissioners can take three actions during public meetings when addressing noncompliance matters.

The regulator can set an issue for future discussion amongst commissioners, refer the matter to its Investigations and Enforcement Bureau (IEB), or levy a penalty. The MGC did not levy penalties against the operators but set the issues to either be referred to the IEB or discussed at a later date by the commission.

The alleged violations were tied to these four Category 1 or Category 3 operators:

BetMGM

Caesars Sportsbook

MGM Springfield

PENN Sports Interactive, the owner and operator of theScore Bet

BetMGM cited for two alleged violations

BetMGM’s ..

Hard Rock Bet is the latest online gambling operator continuing the trend of blocking the use of credit cards for sports betting and casino gaming.

A representative for the Seminole-owned brand told SBC Americas that Hard Rock Bet no longer accepts credit card deposits for its U.S. sportsbook and online casino.

“The move reflects a broader industry shift toward promoting responsible gaming and encouraging the use of alternative payment methods, such as debit cards, bank transfers, and digital wallets,” said a spokesperson.

SBC Americas contacted Hard Rock Bet seeking clarity on exactly when the operator stopped accepting credit cards.

Indirect credit card use also banned

Hard Rock Bet continues to accept a range of payment methods for deposits, including:

Various types of debit cards

Online bank transfers

PayPal

Venmo

However, as well as the direct use of credit cards for depositing and withdrawing, a note on the Hard Rock Bet website states that linked credit cards may not b..

Illinois is changing state law to ensure that treating and preventing gambling disorders will be included in its approach to substance abuse and addiction.

Among numerous bills signed by Gov. JB Pritzkeron July 24, Senate Bill 2749 alters the state Substance Use Disorder Act effective immediately to better align Illinois’ approach to gambling disorders with its broader public health strategy.

“Substance use and gambling disorders, as defined in this Act, constitute a serious public health problem,” reads an introduction to the bill.

“It is imperative that a comprehensive and coordinated strategy be developed … Through local prevention, early intervention, treatment, and other recovery support services, this strategy should empower those struggling with substance use and gambling disorders (and, when appropriate, the families of those persons) to lead healthy lives.”

The bill adds that gambling disorder “shares similarities with drug abuse, as both activate reward systems in the br..