A federal judge in Utah ruled Tuesday that the state’s ban on gambling reaches Kalshi’s sports event contracts. Four days earlier, New York sued the company for running what its attorney general describes as an unlicensed gambling operation. The Kalshi lawsuit docket now covers most of the country. Nothing about it points one way. What … Read more
$3.3 Billion on March Madness. The Fed Wants to Talk About What Happens Next. Americans legally wagered an estimated $3.3 billion on the 2026 NCAA Tournament, according to the American Gaming Association. That figure is up more than 50% over the past three years. Michigan’s championship run, UConn’s miracle comeback against Duke, and three weeks … Read more
A Record $1.76 Billion on One Game Americans legally wagered a record $1.76 billion on Super Bowl LX, according to the American Gaming Association. That’s a 27% jump from last year’s total. The global handle may have approached $4 billion when international markets are included. The Seahawks beat the Patriots 29-13 as 4.5-point favorites. The … Read more
States Squeeze Sportsbooks Sports betting operators entered 2026 facing a new reality: rising tax burdens that threaten profitability and may ultimately affect the odds offered to bettors. Illinois led the charge with unprecedented tax increases, and other states are following. For contrarian bettors, understanding this squeeze helps explain why lines may vary more dramatically by … Read more