The Commodity Futures Trading Commission filed lawsuits against Arizona, Connecticut, and Illinois regarding prediction markets The commission filed lawsuits reaffirming its jurisdiction to regulate event contracts under the Commodity Exchange Act Chairman Michael S. Selig said the commission will continue to safeguard its authority over the markets The Commodity Futures Trading Commission is no longer […]
Foxwoods Resort Casino reported $27.2 million in slot revenue for February, resulting in a $6.8 million direct payment to the State of Connecticut under its revenue-sharing agreement with the Mashantucket Pequot Tribal Nation. Since 1993, the tribe has contributed more than $4.8 billion from slot revenue to the state’s budget fund. The resort’s February operations […]
After topping $1 billion in monthly revenue in December and January, US online casino revenue fell below that milestone mark in February. Last month the seven iGaming states combined for $946.2 million, their lowest total since November. Despite falling below $1 billion, last month’s revenue still reflected a 21% increase compared to February 2025’s $782.1 […]
Connecticut Gov. Ned Lamont (D) today introduced a bill to set an age limit of 21-and-older to purchase event contracts Legislation also prohibits advertisements aimed at those under 21 or at college campuses Several states have introduced legislation to curtail prediction markets Connecticut Gov. Ned Lamont (D) is hoping to limit prediction markets to state […]
The US online casino crossed a major milestone in December, as the seven iGaming states combined for over $1 billion in monthly revenue for the first time, hitting the projection I forecasted following October’s results. Six of the seven states have reported their revenue from December, and the tally is already well over the mark, […]
An eventful 2025 is winding down for the US online casino industry. It was a year with plenty of headlines, including record revenue across the board in all seven iGaming states. It leaves many wondering what we could see in 2026? Here’s three projections for what the US online casino market can expect next year. […]
A judge has ordered Connecticut to hold off on enforcing a Kalshi cease-and-desist until at least February The Connecticut Department of Consumer Protection Gaming Division recently issued cease-and-desist orders to three prediction market platforms Kalshi responded one day later by filing a lawsuit against the state division The have been ordered by a U.S. District […]
Kalshi levied a lawsuit against the Connecticut Department of Consumer Protection The lawsuit is in response to a cease-and-desist notice for sports event contracts from the state The Connecticut Department of Consumer Protection believes prediction market operators are engaging in illegal sports betting with contracts Kalshi has taken a familiar path following a cease-and-desist notice […]
The Connecticut Department of Consumer Protection Gaming Division today issued cease-and-desist orders to three prediction market platforms Cease-and-desist notices were sent to Kalshi, Robinhood, and Crypto.com The notices order an immediate closure of the contracts in the state The Connecticut Department of Consumer Protection Gaming Division today issued cease-and-desist notices to Kalshi, Robinhood, and Crypto.com […]
October was a big month for online casinos in the United States. The seven iGaming states combined for $969.7 million in revenue, blowing past the previous record of $910.4 million in August. Along with nearly a $60 million jump in record revenue, October’s numbers were over $200 million more than the $762 million the states […]