Legal Sports Report

Flutter executives and board members bought more than $1 million in company stock this week as shares hovered near a 52-week low following FanDuel leadership changes. Story from @ByMatthewWaters: legalsportsreport.com/263029/flutter…

Colorado lawmakers have approved new sports betting restrictions, including limits on daily deposits and a ban on credit card funding, with the bill now headed to Gov. Jared Polis. Story from @patevans: legalsportsreport.com/262966/colorad…

Flutter CEO Peter Jackson said FanDuel must improve execution and customer retention ahead of the NFL season as the company works to regain sportsbook momentum. Story from @sam_mcquill: legalsportsreport.com/262958/fanduel…

New Jersey lawmakers are proposing a temporary tax increase on World Cup betting revenue as the state prepares to host eight tournament matches this summer. Get the rundown from @patevans: legalsportsreport.com/262905/new-jer…

New Jersey lawmakers are advancing legislation that would prohibit sportsbooks from rewarding bettors for enrolling in responsible gambling safeguards. Full story from @patevans: legalsportsreport.com/262881/nj-bill…

U.S. sportsbooks generated nearly $17B in revenue in 2025 (+22.6%) per the AGA’s State of the States report. Notably absent for the first time: sports betting handle figures. LSR data indicates commercial handle fell ~2% in Q1, the first quarterly decline on record.

Online sportsbooks are holding steady for now, but rising competition and regulatory uncertainty are creating long-term concerns. Get the full story from @sam_mcquill: legalsportsreport.com/261396/online-…

Oklahoma #sportsbetting legalization remains unresolved as lawmakers, tribes, and the governor continue negotiating conflicting proposals with limited time left in the legislative session. Full story from @patevans: legalsportsreport.com/261432/sponsor…

Hawaii lawmakers are studying sports betting legalization, weighing potential economic benefits against social risks as recent legislation stalls. Report from @patevans: legalsportsreport.com/261276/group-s…

Sports betting is rapidly growing in the U.S., especially among young men, but rising participation is also driving more risky behavior and increased demand for regulation. Full story from @sam_mcquill: legalsportsreport.com/261211/poll-mo…

More than 30 operators have applied to enter Alberta’s online casino market ahead of its July launch. Report from @ByMatthewWaters: legalsportsreport.com/261177/more-th…

Lawmakers are challenging the CFTC’s authority over prediction markets as the agency continues efforts to expand regulation. Full rundown from @sam_mcquill: legalsportsreport.com/260917/cftc-pr…

DraftKings and FanDuel are investing heavily to legalize online sports betting in Nebraska, funding a ballot initiative that could put the issue to voters this November. Report from @patevans: legalsportsreport.com/260791/draftki…

Virginia added taxes and new rules for daily fantasy sports, but rejected broader gambling expansion over regulatory concerns. Full story from @patevans: legalsportsreport.com/260782/virgini…

The NCAA is pushing to fast-track its trademark lawsuit against DraftKings to resolve it before next #MarchMadness. @ByMatthewWaters has the story here: legalsportsreport.com/260780/ncaa-wa…

BetMGM is feeling the impact of rising prediction markets, with higher acquisition costs and a shift in 2026 strategy. @ByMatthewWaters has the full story here: legalsportsreport.com/260506/betmgm-…

Kentucky’s governor vetoed a major sports betting overhaul over regulatory control concerns. The bill includes measures such as raising the betting age from 18 to 21 and imposing strict rules on #predictionmarkets. Read the full story from @patevans: legalsportsreport.com/260498/bill-ra…

Analysts are cutting DraftKings and Flutter forecasts as slowing betting activity pressures earnings. More from @sam_mcquill here: legalsportsreport.com/260412/wall-st…

Court blocks Arizona from prosecuting Kalshi, handing the CFTC a key win and canceling Kalshi’s criminal court appearance. Full story from @alanwilmotlaw: legalsportsreport.com/260430/cftc-se…

Kalshi took more on March Madness than it did on its entire platform in 2024. New from me + @Eric_Ramsey: why it's not apples-to-apples with sportsbook handle, and where sportsbooks books still have the edge. legalsportsreport.com/259904/kalshi-…