Brendan Sorsby, the Texas Tech quarterback under investigation by the NCAA, has hired Jeffrey Kessler, the attorney known for representing Tom Brady in the Deflategate scandal. Sorsby is seeking treatment for gambling addiction after allegedly betting on his own team.
A Massachusetts man has filed a lawsuit against Kalshi, alleging that the platform enabled his gambling addiction and caused him to lose tens of thousands of dollars.
A Nevada judge has issued a 14-day temporary restraining order against Kalshi, forcing it to exit the state. The order follows a cease-and-desist order sent by state gaming regulators in March 2024.
Churchill Downs has asked prediction market platforms to remove betting options for the Kentucky Derby, citing concerns over the 1978 Interstate Horseracing Act.
Former NBA player and assistant coach Damon Jones is set to plead guilty in a sports betting case. He is accused of providing inside information to sports bettors, including details about injuries to key players.
Ohio gaming regulators have fined Kalshi $5 million for violating state gaming laws, ordering the company to cease offering sports event contracts. The fine comes amidst ongoing legal battles between prediction market firms and state regulators.
Sen. Richard Blumenthal has sent letters to major sports leagues expressing concerns over game integrity and gambling addiction prevention in partnerships with prediction markets. He urged leagues to end their deals with sportsbooks and prediction market firms.
Wisconsin has become the latest state to legalize online sports betting, with Gov. Tony Evers signing a bill into law on Thursday. The new law allows online wagering through the state’s tribal gaming structure, but concerns remain from operators and legal challenges loom.
A federal appeals court ruled that Kalshi can continue offering sports event contracts in New Jersey, marking a significant victory for the company. The ruling also sets a precedent for how sports prediction markets should be regulated.