Legal Sports Report

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CA AG Rob Bonta says enforcement is coming for DFS apps like FanDuel, DraftKings, PrizePicks, and Underdog, which remain active despite a legal opinion declaring them under state law. legalsportsreport.com/238227/califor…

Deutsche Bank says data firms like Genius and Sportradar are the winners. DraftKings gets a hold amid tax and iCasino concerns, while Caesars and BetMGM could explore spinoffs. legalsportsreport.com/237561/analyst…

Michigan is cracking down on illegal gambling. The MGCB just sent cease-and-desist letters to 19 unlicensed online casino & betting sites in what it calls its most sweeping action yet. @patevans with the story: legalsportsreport.com/237327/michiga…

Underdog didn’t block California’s DFS opinion, but this could be just the start of a legal battle over the game’s status in the state. @ByMatthewWaters with the full story: legalsportsreport.com/237140/court-d…

New Jersey Assemblyman Dan Hutchison has sponsored a bill aimed at slowing down the sports betting cycle, specifically targeting micro sports betting in the state. Full story by @ByMatthewWaters: bit.ly/4mc0WPb

Ohio Gov. Mike DeWine says he’s “very much against” online casinos, citing addiction concerns. While open to limited VLT or e-bingo expansion, he hinted he’d veto a full iCasino bill legalsportsreport.com/238210/dewine-…

Three California tribes are suing Kalshi and Robinhood, calling their sports prediction markets illegal sports betting. That violate tribal rights and state law. @sam_mcquill with the story: legalsportsreport.com/238190/tribes-…

Polymarket is coming back to the US. The crypto-based prediction market bought licensed exchange QCX for $112M, just days after US regulators closed their investigation @sam_mcquill has the story: legalsportsreport.com/238057/polymar…

Underdog shifts to peer-to-peer DFS in California as legal pressure mounts. The move highlights growing uncertainty around fantasy sports regulation in the state. @sam_mcquill legalsportsreport.com/237843/underdo…

Tennessee fined 5 offshore sportsbooks including BetOnline, for illegally taking bets in the state. Each was hit with $50K penalties. @ByMatthewWaters has the story: legalsportsreport.com/237614/five-of…

Boyd is selling its 5% stake in FanDuel to Flutter for $1.8B, giving Flutter full ownership. A new market-access deal runs through 2038, with Boyd earning fixed fees in five states. Fox still holds rights to buy 18.6%. @ByMatthewWaters: legalsportsreport.com/237491/flutter…

DraftKings will refund over $3M to 7,000+ CT customers after a settlement with state regulators over unclear deposit bonus terms. The company denies wrongdoing but will also pay $50K to a consumer fund and upgrade its promo disclosures going forward. Full story by @sam_mcquill:…

PrizePicks has hired former Massachusetts Gaming Commission exec Todd Grossman as Director of Regulatory Compliance. The move comes as fantasy pick’em games face increased scrutiny across U.S. markets. @sam_mcquill with the story: legalsportsreport.com/237413/prizepi…

Maine’s online casino bill is on hold. Gov. Mills won’t act on LD 1164 until lawmakers reconvene. The bill would give tribes iCasino exclusivity, but faces opposition from the administration and casinos. A veto override appears unlikely. @patevans reports: legalsportsreport.com/237389/mills-o…

The controversial bill banning sweepstakes casino operators in California took its first steps forward on Tuesday. What does this mean for the golden state? @patevans reports: legalsportsreport.com/237379/califor…

Bob Costas says he won’t promote sports betting and refused to read gambling ads on air. Citing family trauma, he warns that easy access today makes it “inevitable” some lives will be ruined. @ByMatthewWaters reports: legalsportsreport.com/237364/bob-cos…

Super Group is exiting the U.S. online casino market. The company cites regulatory challenges like NJ’s new 19.75% iGaming tax and expects to take a $30M–$40M hit. @ByMatthewWaters has the story: legalsportsreport.com/237332/super-g…

Bet365 is expanding in the US with a new WNBA deal and a $135M HQ purchase. Now the official betting partner of the Indiana Fever, the UK-based sportsbook is planting deeper roots with a major office buy in Denver. @sam_mcquill reports: legalsportsreport.com/237309/bet365-…

Rep. Dina Titus introduced the FAIR BET Act to restore full gambling loss deductions. A new federal law cuts that to 90 percent. Titus says this unfairly taxes bettors on money they did not win and could push players to unregulated markets. Story by @patevans…

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