Yesterday, prediction market platform Kalshi and brokerage firm Robinhood received more bad news. The New Jersey Division of Gaming Enforcement (NJDGE) sent cease-and-desist letters accusing the pair of offering “unauthorized sports wagering” in violation of state law.Kalshi’s latest legal complianc
Massachusetts regulators are investigating Robinhood after the company launched a new feature that let users bet on March Madness basketball outcomes. The state’s securities division issued a subpoena asking how many people used this feature and why it launched despite previous regulatory warnings.R
Massachusetts’ top securities regulator has begun an investigation into trading platform Robinhood’s decision to launch a prediction-markets hub that allows users to bet on the outcomes of a range of events, including March Madness college basketball tournaments.Massachusetts Secretary of State Bill
NEW YORK (AP) — Could it really be true? That of all of college basketball’s urban myths, one of New York’s five boroughs is actually the birthplace of filling out an NCAA Tournament bracket?Before all those office pools truly defined March, betting the bracket was the supposed brainchild of an Iris
FanDuel launched new product innovations ahead of the March Madness basketball tournament.These improvements include an exclusive feature that allows bettors to combine selections from multiple rounds of the tournament into a single bet, and a new "Bet Back Token" that provides customers with a way
Robinhood Unveils Prediction Markets Hub in Time for March MadnessTrading platform Robinhood is seeking to capitalize on the March Madness hype with markets for this year’s edition of the tournament. Customers can expect to find offerings involving their favorite basketball teams and players.The off
The American Gaming Association (AGA) has announced the estimated betting amount for basketball during the March Madness period, estimating that Americans will spend a total of $3.1 billion on basketball betting that month. In fact, this betting amount will grow by 13.8% compared to the $2.7 b
Flutter’s largest brand FanDuel has announced an exclusive tournament feature that allows customers to combine picks across multiple rounds into a single parlay and a new Bet Back Token that allows customers to get out of a bet if it is not going to plan. The feature is part of a set of new produ
American bettors are set to wager US$400,000 more on March Madness sporting events this year compared with 2024, according to the American Gaming Association (AGA). The trade association estimates $3.1bn in bets on men’s and women’s college basketball tournaments, up from $2.7bn in 2024. “March M
The 2025 March Madness Tournament will begin on Selection Sunday, March 16, with 68 teams participating in the 2025 NCAA Men's Basketball Tournament. Please see the full schedule below:Selection Sunday: March 16, Sunday at 6 PM Eastern Time, broadcast on CBSFirst Four: March 18-19First Round: March
A month before March Madness, the Kentucky Horse Racing and Gaming Corporation has downsized its sports-betting enforcement team, as the 7-month-old enterprise reshapes how Kentucky regulates the gambling industry.The shakeup comes two years after critics complained Kentucky wasn’t adequately staffe
/ THE END /