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Utah’s new stance on proposition bets has opened a state-versus-federal fight over prediction markets, with Kalshi suing to block enforcement and lawmakers pushing for tighter rules.
A prediction market tied to LeBron James’s next team has generated more than $245 million in trading volume, with more than $200 million of that activity on Kalshi, even as the NBA reportedly does not believe the market should exist.
A new California tribal gaming compact with the Fort Mojave Indian Tribe clears the way for two casinos in San Bernardino County, but unlike some earlier deals, it does not send direct revenue-sharing payments to the state’s General Fund.
Red Hawk Resort & Casino has opened The Apex, a new 80,000-square-foot entertainment center in Placerville featuring indoor go-karts, bowling, virtual reality arcade games and golf simulators.
A new Macquarie report says prediction market and event contract volume is accelerating, with the overall market projected to reach $1.5 trillion by 2030.
Illinois, Kentucky, and Virginia have each passed 2026 laws that more clearly define daily fantasy sports, with licensing, taxes, and peer-to-peer requirements that could become a model elsewhere.
