News

Kalshi’s LeBron next-team market tops $200 million as NBA objects

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.

California approves Fort Mojave casino compact without direct state revenue share

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 Casino opens 80,000-square-foot Apex entertainment center in Placerville

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.

Macquarie projects prediction market volume could hit $1.5 trillion by 2030

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.

New DFS Laws in Illinois, Kentucky, and Virginia Could Shape Future State Rules

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.

California proposal joins widening state split on prediction market rules

California’s proposed AB 1840 would apply a material nonpublic information standard to public officials and employees who trade in prediction markets, adding the state to a fast-growing national debate over how these markets should be regulated.

Online Poker Tournaments Evolve With Faster Entry, Clearer Rules, and Ongoing Compliance Checks

Online poker tournament platforms are adding practical upgrades such as mobile registration, satellite qualifiers, faster payments, and clearer event information, but U.S. players still face the same licensing, geolocation, and identity checks.

DraftKings Wins Iowa Lawsuit Over Voided $14.2M Pebble Beach Parlay

DraftKings prevailed in an Iowa lawsuit over a voided $14.2 million PGA Tour parlay tied to Pebble Beach and is now seeking more than $23,500 in court costs.