Matt Rybaltowski
Sports Betting writer @actionnetworkHQ and @sports_handle Forbes contributor @SportsMoneyBlog, former reporter @SPGMarketIntel, and NFL reporter @CBSSports.
Articles
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6 days ago |
igamingbusiness.com | Matt Rybaltowski
A New York assemblyman introduced proposed legislation this week with sweeping restrictions that seek to curtail excessive wagering behaviour. from Assemblyman Robert Carroll will establish a wagering ceiling of $5,000 (£3,760/€4,389) per day on New York sports betting accounts. It would also limit the number of account deposits a customer can make over a 24-hour period.
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1 week ago |
ggbnews.com | Matt Rybaltowski
Proposed North Carolina Bill Would Double Sports Betting Tax RateNorth Carolina is the latest state considering legislation that would result in a substantial increase in the tax rate on sports wagering revenue. Under the proposed bill, SB 257, the tax rate in the Tar Heel State would double from 18 percent to 36 percent. Since the launch of legal sports wagering last year, the activity has generated approximately $135 million in tax revenue to the state.
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1 week ago |
igamingbusiness.com | Matt Rybaltowski
As Bill Hornbuckle traveled to Atlantic City this week for a prominent gaming conference, the legal sports betting industry nationwide continued to race toward a proverbial fork in the road. Days earlier, Kalshi had reported handle of $86 million (£65 million/€75.6 million) during the Masters Tournament, roughly three times the volume traded on the platform for the Super Bowl.
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1 week ago |
igamingbusiness.com | Matt Rybaltowski
Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting. For a prediction market that has been besieged by state cease-and-desist orders over the last month, Kalshi notched a slight victory this week. On Tuesday (8 April), US district court judge Andrew Gordon granted Kalshi a preliminary injunction against the Nevada Gaming Control Board (NGCB).
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2 weeks ago |
ggbnews.com | Matt Rybaltowski
For a prediction market that has been besieged by state cease-and-desist orders over the last month, Kalshi notched a slight victory this week. On April 8, U.S. District Court Judge Andrew Gordon granted Kalshi a preliminary injunction against the Nevada Gaming Control Board (NGCB). The injunction prevents the NGCB from imposing the order against Kalshi, contending that the site illegally offered sports wagering across the state.
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NJ has filed a 40-page in response to Kalshi's motion for a preliminary injunction. NJ argues that all preemption cases start w the assumption that the policing powers of the states should not be superseded by a fed act unless that was the "clear and manifest purpose" of Congress https://t.co/xtHWZQ5pjy
RT @WALLACHLEGAL: With New Jersey set to respond to Kalshi today, I updated my Forbes article to more fully elaborate on why Kalshi’s sport…
MGM Resorts to pay Nevada an $8.5M fine to settle allegations of AML deficiencies regarding the activities of two illegal bookies -- Wayne Nix and Matt Bowyer. MGM CEO Bill Hornbuckle told me this wk the company is in constant communication w regulators in cases that appear amiss https://t.co/YWhsgFGnAa