Matt Carey

East Coast United States

Reporter at Vixio

US Reporter for @GamblingComp. Any opinions shared are very much my own.

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North Carolina Sports-Betting Tax Hike Set For Senate Vote

1 week ago | vixio.com | Matt Carey

North Carolina has become the latest state to put a significant sports-betting tax hike on the table, with lawmakers expected to vote Thursday (April 17) to progress the legislation. Senate leaders put forward their proposed budget this week, which includes a plan to double the state’s sports-betting tax from 18 percent to 36 percent.
Kansas Budget Move Sets Course Toward Sports-Betting Tax Hike

1 week ago | vixio.com | Matt Carey

Kansas lawmakers have approved a provision in the state's budget law that sets the stage for changes to the state’s sports-betting tax rate. The provision passed on Friday (April 12) bars the Kansas Lottery from negotiating any new contracts or contract extensions with casinos for the management of sports betting at any point during the upcoming fiscal year, which runs through June 2026.
Updated: Federal Judge Grants Kalshi Injunction In Nevada

2 weeks ago | vixio.com | Matt Carey

Editor's Note: This story has been updated following the release of a written order on April 10. Kalshi has won the first round in a multistate legal fight over sports prediction markets, after a federal judge in Nevada granted the company's request for a preliminary injunction and suggested that the permissibility of sports-event contracts was a matter for federal regulators or Congress to determine, not state gaming agencies. Following a hearing on Tuesday, Judge Andrew P.
Kalshi CEO Claims Casinos Behind State Prediction-Market Pushback

2 weeks ago | vixio.com | Matt Carey

A high-stakes legal battle over the expansion of sports-event prediction markets continues with more states pushing back, and Kalshi’s chief executive insists those efforts are the result of disgruntled casino operators.
U.S. State Regulators Continue Offensive Against Prediction Markets

3 weeks ago | vixio.com | Matt Carey

Controversy over sports prediction markets continues, as another key state has sent cease-and-desist letters to three prediction exchanges and an additional state regulator has confirmed an investigation. The Illinois Gaming Board (IGB) became the fourth state to send cease-and-desist letters ordering prediction markets to halt operations in their state, after sending notices to Kalshi, Robinhood and Crypto.com on Wednesday (April 2).
BetMGM Fined $260,000 In Pennsylvania For Self-Exclusion Violations

2 months ago | vixio.com | Matt Carey

BetMGM will pay a $260,905 fine after reaching an agreement with Pennsylvania gaming regulators over an investigation into allowing more than 150 self-excluded players to wager on the platform. The consent agreement between the MGM-Entain joint venture and the Pennsylvania Gaming Control Board (PGCB) was approved by the board on Wednesday (January 29).
Online Casino Bill Advances In Indiana

2 months ago | vixio.com | Matt Carey

An Indiana House committee has voted to approve a bill that would permit online casino gaming, as well as double the state’s tax on mobile sports betting. The House of Representatives Public Policy Committee voted 9-2 on Tuesday (January 28) to approve House Bill 1432, a comprehensive gaming bill that would allow the state's casino and racinos to offer online casino gaming with a graduated tax rate that would be more onerous for market leaders.
MyBookie Latest Cease-and-Desist Target For Michigan Regulator

Jan 24, 2025 | vixio.com | Matt Carey

The Michigan Gaming Control Board (MGCB) continued to stake out its position as perhaps the most aggressive U.S. regulator in pursuing unregulated gaming operators, this time going after popular offshore operator MyBookie. The MGCB announced Thursday (January 23) that it sent a cease-and-desist letter to Duranbah Limited N.V., the operator of the Curaçao-based MyBookie.ag. In addition to sports betting and horseracing, the operator offers online casino games.
Kalshi To Launch Sports Contracts Despite CFTC Review

Jan 23, 2025 | vixio.com | Matt Carey

Prediction market Kalshi said in a filing on Wednesday (January 22) that it plans to launch its own sports event contracts despite an impending review from federal regulators on the legality of the markets.
U.S. State Sports-Betting Bills Borrow From Proposed Federal Legislation

Jan 22, 2025 | vixio.com | Matt Carey

Lawmakers in several states have crafted bills that would significantly restrict sports betting in their states, borrowing provisions from federal legislation proposed last year. As legislative sessions across the United States kick off this month, a flurry of gaming-related bills have been introduced, including in Massachusetts, Oklahoma, Indiana and New Jersey, that would hamper sports-betting operations in a meaningful way.