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Independent & editorially reviewed Odds & offers updated July 16, 2026
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North Carolina lawmakers have reached a tentative agreement to increase the state's sports betting tax rate from 18 percent as part of the upcoming state budget, with sources pointing to a new rate in the 20-25 percent range.
The 300,000-member hospitality workers union Unite Here has thrown its weight behind federal legislation that would explicitly classify prediction markets as gambling and ban sports event contracts, warning that platforms like Kalshi are putting casino jobs at risk.
New York would become the first state in the country to require online sportsbooks to send customers monthly activity statements under a bill that unanimously cleared both chambers and is now awaiting the governor's signature.
SpeedLabs raised $6.5 million in a seed round led by Parlay Capital to build Momentum Markets, an AI system that generates entirely new sports betting markets in real time during live games, with a summer 2026 launch planned.
Two major proxy advisory firms, Glass Lewis and ISS, are recommending Penn Entertainment shareholders vote in favor of Unite Here's proposal to declassify the company's board ahead of the June 16 annual meeting.
Colorado Gov. Jared Polis signed SB 131 into law, making Colorado the first state to simultaneously ban credit card sportsbook deposits, cap daily deposits at six, and prohibit push notification betting marketing.
New Jersey lawmakers want to block microbetting on mobile apps and websites while preserving the format at Atlantic City casinos and racetracks — a split approach that could set a national precedent.
Pennsylvania lawmakers have introduced House Bill 2557, a sweeping skill game regulation bill that would ban machines from gas stations, mandate player identification, and set a $250 daily loss limit — while directing 3% of future tax revenue to addiction treatment.
Rhode Island selected Bally's Corporation as its second licensed online sportsbook operator under a tentative five-year agreement, ending a single-operator structure that has been in place since mobile sports betting launched in 2019.
Barry Diller's People Inc. has submitted an $18 billion proposal to acquire the remaining shares of MGM Resorts it doesn't already own, and analysts say a completed deal would likely accelerate a buyout of BetMGM's Entain joint venture stake.
The 2026 FIFA World Cup arrives with legal sports betting now available across most of the US — creating a wagering opportunity larger and more accessible than any previous international soccer tournament in American history.
Manchester United are reportedly set to sign a training kit deal with Betway worth up to 20 million pounds per year — the most lucrative training-only kit sponsorship in football history, made possible by the Premier League's new front-of-shirt gambling ban.
Circa's three-story sportsbook and 143-foot outdoor screen will show every USA and Mexico match this summer — making downtown Las Vegas the place to watch the World Cup.
Hedge funds are collecting enormous profits by shorting the world's biggest gambling companies, and the structural forces behind that trade are not going away.
