SCROLL NEWS / DISCOVERY
Search headlines
Find the stories shaping the conversation.
Results for " gambling " 433 found 🔀 AI-powered Shuffle
Nonprofits warn online sports betting initiatives put vulnerable Nebraskans at risk
The Open Door Mission hosted Gambling with the Good Life this morning to speak out against Initiatives 440 and 441, two measures that would amend the Nebraska Constitution to legalize online sports gambling.
A $50 sports bet costs a young investor hundreds later. Here's how
Studies show gambling is eating away at people's savings and investing funds, especially among younger generations.
Study links rise in online sports betting to mental health issues
The study’s authors said gambling and sports betting have never been more accessible.
The New American Dream Is Gambling on Your Phone
Politics isn't ready for the rise of easy-access gambling platforms.
Opinion | Don’t roll the dice on public health
Massachusetts should care less about gambling competition and more about public health guardrails.
NBA bans certain types of sports bets following high-profile gambling scandals involving players
The NBA is banning certain player prop parlays and other wagers while expanding measures to detect suspicious betting activity and protect players from harassment.
Anime Gambling Horror Game Ditches Free Steam Demo Over Fears Of Getting Ripped Off By AI
Drunken Goddess Reflux will have a closed beta instead
ESPN gambling writer defends network over ‘neutered’ coverage criticism
Former ESPN producer Nicole Noren sent chills through the industry by going public with her resignation after more than two decades at the network, citing its sports betting coverage. Since nationwide sports betting was legalized, gambling companies have taken over the sports world. That has had a stunning impact on American society that we still…
Dodgers player slams ‘soft porn’ ads during MLB postseason games
The Sydney Sweeney Novig ad has gone viral for the “creative” way it uses her fame and beauty to advertise a brand new gambling platform. But at least one Dodgers player isn’t happy that the ad, and others like it, are impacting families trying to enjoy the MLB postseason. Dodgers outfielder Alex Call replied to…
Kansas business owner sentenced for spending employee’s tax withholdings on cars, mansions and gambling
A Kansas business owner has been sentenced to prison for employment tax crimes.
Longtime ESPN producer says network ‘neutered’ stories critical of sports gambling
ESPN’s outlook on sports gambling has done a complete 180 in less than a decade. The network once treated the topic as a faux pas. Point spreads and parlays were rarely, if ever, mentioned. And when they were, it was always tongue-in-cheek. Fast-forward to 2026, and ESPN has fully embraced sports gambling. Every show is…
UK Green Party gambling on anti-Israel politics, former deputy leader warns 'Post'
Shahrar Ali warns that the problem in the UK Green Party extends beyond Israel, describing what he sees as an erosion of its traditional eco-focused secular identity.
NBA, WNBA To Air PSAs On Gambling Issues
The NBA and WNBA have partnered with the National Council on Problem Gambling in hopes to educate fans on the risks of gambling.
More than a dozen states ban this kind of sports wager — except when they don’t
Harassment of college athletes is one reason 15 states with legalized sports gambling, including Maryland, ban wagers on individual college players. But a loophole in how fantasy sports are regulated means those restrictions don't always apply.
Casino UK: How Online Gaming Became Part of Britain’s Entertainment Mainstream
The UK has always had a particular relationship with gambling. From the betting shops that became fixtures of every British high street to bingo halls that served as social hubs for working communities, wagering on outcomes has been woven into British leisure culture for generations. What changed in the past decade was not the appetite,
CFTC Can’t Tell the Difference Between Sports Betting and Derivatives Trading
WASHINGTON, D.C.— Benjamin Schiffrin, Director of Securities Policy for Better Markets, issued the following statement after the Commodity Futures Trading Commission (CFTC) proposed a rule that treats event contracts on sports, elections, and pop culture as financial derivatives and adopted a rule that attempts to distinguish ‘casino-style gambling products’ that it says are not swaps from
New York Plans Stronger Sports Betting Regulation to Curb Gambling Addiction
The New York State Gaming Commission announced plans to require online sportsbooks to beef up user protections. The move follows reporting by ProPublica and others that raised questions about how apps like DraftKings treat problem gamblers.
Seminole Tribe sues DraftKings: What it means for sports betting
The Seminole Tribe of Florida has filed a federal lawsuit accusing DraftKings of running an illegal, unlicensed sports gambling operation across the state.
Seminole Tribe Sues DraftKings for Running Illegal Sports Betting in Florida - WRUF 98.1 FM | 850 AM
The battle over sports betting rights in Florida is heading to court with the Seminole Tribe defending its exclusive rights to sports gambling in the state. The Seminole Tribe is suing DraftKings and CEO Jason Robins, claiming the company violated Florida’s 2021 Gaming Compact and is operating an illegal sports betting business. Through the 2021
Hundreds of new pro sports team ETFs lead world of retail investing to the edge of gambling
Sports teams are big businesses, but new exchange-traded funds that allow investors to bet on MLB and NHL team performance look more like gambling, experts say.
Opinion: The politics of gambling
Despite the restrictions, gambling is often an issue in Utah politics
Study finds gambling disorder diagnoses rose in states with legal sports betting
A new study found that diagnosed gambling disorders increased 61% in states that have legalized sports betting, including Pennsylvania and New Jersey.
Quinnipiac booth warns students about mental health impact of gambling
HAMDEN, Conn. (WTNH) — Quinnipiac University put a spotlight on the mental health impacts of gambling and sports betting at Fresh Check Day on Tuesday. In partnership with Connecticut Childre…
A Dangerous and Unsocial Form of Excitement
Religious leaders are finally pushing back against online gambling.
Comptroller’s report shows that as mobile sports gambling rises, so do concerns
NYS Deputy Comptroller Maria Doulis explains how the popularity of mobile sports gambling is growing with concerns about problem gambling.
Swedish regulator temporarily revokes Charm Entertainment’s casino license
The Swedish Gambling Authority (Spelinspektionen) has issued a temporary revocation of Charm Entertainment AB’s license to operate commercial land-based casino
Study: IL lawyers report mental health challenges, substance abuse, suicide ideation
(CAPITOL CITY NOW) - For many lawyers, the effects of the job can include declining mental health, substance abuse, problem gambling, suicide ideation, and even declining cognitive skills. These are the results of a survey of Illinois attorneys, "The Weight of Practice," commissioned by the Illinois Lawyers' Assistance Program. Factors include the stress of being
Gambling Is Sending More People to the ER
Recent research suggests that the rise of gambling is leading to a surge of mental-health problems.
How Americans’ Financial Health Is Faring In The “K-Shaped” Economy
Hey all, Jason here. Money20/20 is still two weeks away, but I’ve already started packing (not procrastinating for once!). My calendar is already filling up with various sessions I want to catch, meetings, and of course happy hours, dinners, and other side events. If you’ll be in Vegas and want to catch up, let me know by replying to this email, and we can try to find a time amidst the chaos of the Venetian. A big if not totally unexpected piece of news dropped on Friday: the Independent Community Bankers of America, a trade group that represents smaller U.S. banks, filed a lawsuit against the OCC and Comptroller Jonathan Gould, arguing that the regulator’s move to grant trust bank charters to firms seeking to use them to conduct substantial non-fiduciary activities exceeds the authorities granted to the OCC by Congress. I haven’t had time to fully digest the legal filing or speak to folks in my network about it, but you can expect to see coverage and analysis on it in next week’s newsletter. Subscribe or Support by Upgrading The NerdCon agenda just dropped. It’s stacked. Partner content: Nubank built an AI-first bank. Chime built its own banking core. Figure and Valon are rebuilding the mortgage stack. At NerdCon, you’ll hear from the people behind those bets: what they chose, what they learned, and what they’re still figuring out. The agenda is live, with leaders from Nubank, Chime, OpenAI, Remitly, Mercury, Figure, Valon and more. Follow the mainstage conversations, bring the problem your team is wrestling with to a hands-on workshop, or pull up a chair at a roundtable. Pick your quests. Meet us in San Diego, November 18–20. Fintech Business Weekly readers save 20% with code FBW20. Explore the Agenda Things To Know & Other Good Reads Federal Reserve Board finalizes changes to enhance the transparency and public accountability of its stress test and reduce volatility in its stress test-related capital requirements (Federal Reserve Board of Governors) FDIC Announces Conclusion of Independent Monitorship (FDIC) Modernizing Financial Regulation: Initial Observations from eSLR (Fed Vice Chair for Supervision Michelle Bowman) The Data Version of Godzilla versus Kong: FRED Takes on AI (Fed Governor Christopher Waller) Financing the AI buildout (Brookings) Q3’26: Rules for Banks but Not for Crypto (Fintech Takes Banking) The Inevitability of Local Stablecoins (Lombard Notes) Delusions of AI Governance: The Human-in-the-Loop Comfort Blanket (Fintech Snark Tank) Stripe agrees to acquire Parafin to expand revenue opportunities for platforms and help small businesses grow (Stripe) Listen: Fighting Fraud in the Age of AI, with SEON’s Tamas Kadar (Fintech Business Weekly) How Americans’ Financial Health Is Faring In The “K-Shaped” Economy If there is one overarching theme across the economy and politics in the U.S. at the moment, it’s “affordability.” The term is vague enough to encompass a panoply of factors shaping Americans’ day-to-day lives: rising costs for the hallmarks of being “middle class,” including healthcare, housing, childcare, and education, inflation and rising interest rates, and a job market with the specter of AI hovering over it. At the same time, policy shifts under the Trump administration have resulted in reduced subsidies to those who get health insurance under the Affordable Care Act and new restrictions on qualifying for Medicaid and SNAP, the impacts of which have yet to be fully felt. These factors are contributing to declining consumer confidence and general dissatisfaction with the economy, despite continuing GDP growth and stock market records. This divergence is encapsulated in the idea of the “K-shaped” economy, in which a small proportion of Americans have seen their wealth balloon, while the majority of American households struggle to preserve the lifestyle they have. Perhaps the greatest determinant of which branch of the “K” a household is on is whether their wealth and income are primarily derived from employment vs. from assets. Nearly two decades of low interest rates and, more recently, elevated rates of inflation have benefited asset owners, while those whose income is primarily or solely derived from labor have largely seen real purchasing power stagnate or decline. This is reflected in recent Bureau of Labor Statistics data showing that labor share of U.S. GDP — the fraction of economic output that accrues to workers as compensation in exchange for their labor — dropped to just 52.8% in Q2 2026, the lowest since the BLS began keeping records. In 1947, approximately 2/3rds of economic output accrued to workers; even as recently as 2001, labor’s share of GDP was 64.1%. Against this backdrop, we’ve seen the rise of more credit and credit-like products: cash advance apps, “no-fee” overdraft, earned wage access, and buy now pay later, which are often used as small-dollar short-term borrowing mechanisms to meet immediate consumption needs or pay other bills (eg utilities, cell phone, other debt payments). With the markers of a middle class existence and, increasingly, basic financial stability seemingly out of reach for many, it should be no surprise there’s been an increase in “financial nihilism,” something industry peers like Alex Johnson and Frank Rotman have discussed and analyzed the roots of. The explosion of gambling and gambling-adjacent products and services — often marketed under the guise of being an “investment” — is inextricably intertwined with the rise of financial nihilism. Crypto, sports betting, and, more recently, prediction markets offer an escape or even hope of sorts, like a contemporary, digital version of a scratch-off lottery ticket, while leaving the overwhelming number of people who use such products worse off. Share of Households That Are Financially “Vulnerable” Ticks Up The Financial Health Network’s 2026 Financial Health Pulse® report adds context on how American households are faring. (I linked to this report in last week’s newsletter, but wanted to take time to further unpack the data in the report this week.) The Financial Health Network publishes the report annually, providing insight into how Americans’ financial circumstances are changing over time. The 2026 report is derived from a survey fielded in April and May 2026. The report leverages survey responses to assess indicators of financial health across spending, saving, borrowing, and planning/protecting and to determine a zero to 100 “FinHealth” score. Those with scores between 0 and 39 are considered “Financially Vulnerable,” consumers with scores ranging between 40 and 79 are defined as “Financially Coping,” and those with scores of 80 to 100 are “Financially Healthy.” The report found that moderate improvements in 2025 were reversed, with the share of respondents considered financially “vulnerable” rebounding to 17%. The longitudinal data reflect the impact of pandemic-era programs, like expanded unemployment, cash stimulus payments, and pauses of federal student loan payments. The positive impacts of those programs, as reflected in the Financial Health Pulse reports, had largely disappeared by 2023. While pandemic-era inflation — to be fair, in part caused by the various support and stimulus measures — had come down from as high as 9% in 2022, it has rebounded since the start of Trump’s second term, with tariffs and energy market disruptions owing to the war in Iran pushing prices back up. Specific indicators in the survey that deteriorated from 2025 to 2026 include the share of respondents spending less than their income over the past 12 months, the share paying all bills on time over the past 12 months, the share that have a manageable amount or no debt, the share that are “moderately” or “very” confident their insurance is adequate to cover them in an emergency, and the share that “somewhat” or “strongly” agree that their household plans ahead financially. Unsurprisingly, lower- and moderate-income households are more likely to struggle to pay their bills on time and have any funds leftover to save. The share of low-income households whose income exceeded their spending dropped from 35% in 2025 to 31% in 2026, while the share of upper-income households whose income exceeded expenses remained unchanged at 63%. Households with student loans or revolving credit card debt reported having “a bit more” or “far more” debt than was manageable at rates far higher than those not carrying these types of debts. The share of those with student loan debt indicating their debt load was too high to manage increased from 50% in 2025 to 55% in 2026, while the share of those with revolving credit card debt saying the same ticked up from 51% in 2025 to 54% in 2026. Households that had student loans were markedly more likely to be financially “coping” or “vulnerable” vs. those without student loans. In 2026, 27% of households with student loans were considered financially vulnerable, a jump of 6% points vs. 2025. Households without student loans saw just a 1% point increase (not statistically significant) in those considered financially vulnerable. Households’ perception of the affordability of categories of goods and services paints a stark picture, with less than one-fourth considering higher education affordable, about a third deeming childcare affordable, and less than half viewing healthcare as affordable. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Democratic Senate Report Highlights How Iran Uses Tether to Evade U.S. Sanctions Iran uses stablecoins, specifically Tether, to evade sanctions, fund regional proxies, and to purchase military drones, a report released last week by the Senate Permanent Subcommittee on Investigations says. The report was authored by committee ranking member Senator Richard Blumenthal (D-CT) and the minority staff. Crypto and stablecoin proponents will often push back on criticism that criminals make use of these assets by arguing that, on an absolute dollar basis, far more illicit funds flow through traditional banking systems and payment rails than via crypto and stablecoins. And while that is likely true, it elides the reality presented in news story after news story: whether state actors — Russia, Iran, North Korea — or criminal groups, those looking to engage in illicit transactions increasingly favor stablecoins and, specifically, Tether (USDT). The report from the Senate Permanent Subcommittee on Investigations released last week adds context to how Iran uses Tether has a lynchpin in its shadow banking system. The report analyzed 846 wallets that have been sanctioned or targeted for seizure, finding that 84% of them transacted exclusively or primarily in Tether. The ability to create near limitless, anonymous wallets and to move funds effectively instantaneously and irreversibly have made crypto a favored financial mechanism for bad actors. Stablecoins solved key drawbacks of bitcoin, namely, the original cryptocurrency’s highly volatile value in dollars. And while Tether (the company) has the technical ability to “freeze” or destroy funds, the company is often limited and reactive in its approach to doing so, the Senate report argues. Tether, which is nominally based in crypto-friendly El Salvador, “has stated that its compliance with OFAC sanctions is ‘voluntary’ and that it follows ‘OFAC guidelines,’” the Senate report says. Owing to these favorable attributes, Tether “became a primary cryptocurrency for Iran, Hamas, Hizballah, and the Houthis beginning in 2023 and has expanded in scale since,” according to the report. Tether’s role in Iran’s shadow banking system, the report says, is enhanced by crypto exchanges like Bybit, Kyrrex, OKX, Gate, and Binance, and through “over the counter” exchanges and hawala networks. The consequences of these financial flows aren’t hypothetical. The Senate report links Tether as a funds transfer mechanism to Iranian proxies in the region, including Hizballah, the Houthis, and Hamas. Tether has also been used to make payments to secure components necessary to manufacture drones, the report says. The report concludes by arguing that “[s]tablecoin issuers with a significant nexus to the United States, particularly those that offer dollar-denominated stablecoins, should be subject to American sanctions law rather than being allowed to hide behind foreign jurisdictions.” Stablecoin issuers like Tether must be held accountable for repeated failures to prevent illicit finance and sanctions violations by law enforcement, the Department of Justice, the Securities and Exchange Commission, and OFAC, the report argues. [Paying Subscriber Exclusive] OUSD Goes Live, Make Your Own Neobank, U.S. Sanctions Russia’s A7 Network As “Transnational Criminal Organization” OpenUSD, the stablecoin issued by the Open Standard consortium that includes Stripe, Visa, Mastercard, core providers, crypto firms, and numerous banks, went live last week. Social commerce platform Whop raised eyebrows in fintech by offering creators on its platform the ability to launch their own neobanks, which the company describes as “great businesses that are easy to run,” in just 15 minutes. And OFAC and FinCEN target Russia’s “shadow banking” A7 Network — more on these stories after the paywall.
Search warrant served at another Butler County business in ongoing illegal gambling investigation
An illegal gambling investigation in Butler County, Missouri continues.
Mormon leader decries explosion in sports gambling, prediction markets
A leader of the Church of Jesus Christ of Latter-day Saints says an explosion in online prediction markets and sports betting is fostering greed among young people
Mormon leader decries explosion in sports gambling, prediction markets
A leader of the Church of Jesus Christ of Latter-day Saints says an explosion in online prediction markets and sports betting is fostering greed among young people.
Mormon leader decries explosion in sports gambling, prediction markets
A leader of the Church of Jesus Christ of Latter-day Saints says an explosion in online prediction markets and sports betting is fostering greed among young people.
Mormon Leader Decries Explosion in Sports Gambling, Prediction Markets
SALT LAKE CITY (AP) — A leader of the Church of Jesus Christ of Latter-day Saints warned Saturday that an explosion in gambling driven by online prediction markets and sports betting is fostering greed, particularly among youths, while producing “nothing of value.” D. Todd Christofferson, one of the ...
Search warrant served at another Butler County business in ongoing illegal gambling investigation
An illegal gambling investigation in Butler County, Missouri continues.
Record 12th consecutive month of $500 million in sports bets
Advocates and counselors said more funding is needed to address sports gambling in North Carolina.
Record 12th consecutive month of $500 million in sports bets
Advocates and counselors said more funding is needed to address sports gambling in North Carolina.
164 slot machines seized in Sarasota County illegal gambling bust
The slot machines were taken from three locations in Englewood, officials say.
Victor Wembanyama sounds off on NBA players promoting gambling
The reigning Defensive Player of the Year says he has turned down far more endorsement money than he has earned to protect his values.
New York's gambling tax revenue faces prediction market growth
Online sports betting has generated over a billion in tax revenue for New York, but prediction markets could take a bite out of that.
‘It’s very sad’: Spurs’ Wembanyama rules out sports betting endorsements
Spurs star says it is ‘very sad’ to see NBA players promote gambling companies and insists money no longer drives his sponsorship decisions
Victor Wembanyama takes strong stand against promoting sports betting
San Antonio Spurs phenom Victor Wembanyama has spoken out about a number of cultural issues. His latest was about the sports gambling industry.
Former Target Legal Chief Cashes-in Chips at Gambling Giant Flutter Entertainment
Flutter Entertainment was indefatigable CLO Don Liu's "second attempt" at retirement.
Prediction markets are going mainstream. What does that mean for public health and democracy?
Prediction markets are becoming mainstream, bringing gambling risks and a novel source of political information to public life.
Could GTA VI bring back casinos?
Bodog reports that while GTA VI hints at potential gambling elements, no confirmation for a full casino has been made ahead of its November 2026 release.
Could GTA VI bring back casinos?
Bodog reports that while GTA VI hints at potential gambling elements, no confirmation for a full casino has been made ahead of its November 2026 release.
Inspired Entertainment slides after Brazil's ban on online betting and gambling
Inspired Entertainment (INSE) warns Brazil’s online betting ban may hit digital revenue; outlook may change with Q3 results as Congress reviews.
Taking the odds: Sports betting at Lehigh
Sports betting and online gambling have become highly popular, even addictive, among college students in recent years.
After court ruling, Ohio Gov. Mike DeWine to hold Kalshi accountable for operating illegally
Ohio Gov. Mike DeWine is promising to hold prediction market platform Kalshi accountable for skirting state gambling regulations for years after a federal court ruling.
Federal court rules Kalshi is subject to Tennessee’s gambling laws for sports contracts
The 6th Circuit Court of Appeals ruled that prediction market Kalshi’s sports-event contracts are subject to Tennessee’s sports-wagering laws
Sports gambling critics launch movement to put limits on industry
Advocates traveled to Washington, DC to urge lawmakers to take action and keep both gambling companies and sports leagues accountable for the risks of sports betting.
Sports betting vs. investing: Americans turn to betting for long-term wealth
Some Americans are treating sports betting as a strategy for building long-term wealth rather than simply gambling.
AI-enabled Pelago expands from SUD care to mental health, behavioral addictions
Pelago, a virtual substance use disorder (SUD) provider, has expanded to mental health and behavioral addiction care. | The new Pelago Behavioral Health Platform means co-occurring conditions can be assessed and treated in a single plan. Behavioral addiction programming includes gambling, gaming and binge eating
Should government rethink its wager on sports betting?
Is it a matter of free will or vice? The Beacon’s Counterpoint columnists debate gambling on sports contests.
Parental gambling linked to poorer health and educational outcomes for Australian children
New Australian research has found that risky parental gambling is associated with poorer physical health, mental health and educational outcomes among children, highlighting the need to recognize gambling ...
Sports betting lifts revenues, raises concerns in New York
New York’s legal sports betting industry is showing no signs of slowing down, bringing in record state revenues while prompting concerns over problem gambling.
As mobile sports wagering surges, New York help line see rise in calls
More New Yorkers are seeking help for problem gambling amid a rise in mobile sports wagering, a new report finds.
As mobile sports wagering surges, New York help line see rise in calls
More New Yorkers are seeking help for problem gambling amid a rise in mobile sports wagering, a new report finds.
Pro sports want gambling money, just not gambling headaches
Sport leagues want to have their gambling cake and eat it too.
NFL, NBA, MLB, NHL, MLS urge action against threats from bettors
The NFL, NBA, MLB, NHL, MLS and their players' unions are urging state gambling regulators to combat escalating harassment and violent threats from sports bettors.
State gambling crackdown hits two St. Pete businesses
163 illegal slot machines were seized locally during Operation Final Spin.
Please Stop Conflating Sports Betting Handle With Spending On Entertainment
Editor’s note: The Cashout for paid subscribers will publish on Tuesday. Every September there’s a huge uptick in how much people bet on sports with the start of football season. Which means it’s time to get ahead of a ridiculous narrative before it picks up steam on social media or in mainstream media. Subscribe Every few months I see some version of this: [ Charlie Bilello@charliebilello Americans bet over $165 billion on sports last year, which is more than they spent on movies, books, concerts and sports tickets - combined. 1:00 PM · Jun 28, 2026 · 4.1M Views 258 Replies · 674 Reposts · 4.23K Likes ](https://x.com/charliebilello/status/2071217050328895935?s=20) Fortune published this in July. The headline and start of the story tell the same narrative (emphasis added): Gambling becomes America’s favorite pastime as Americans spend more on sports bets than movies, arts, museums, and music combined: The North American box office totaled $8.87 billion in 2025, which is still 22% below pre-pandemic levels. Recorded music revenue hit a record $11.5 billion. Live music like concerts and festivals brought in $18.51 billion. Meanwhile, book publishers tracked by the Association of American Publishers reported $14.6 billion for the year. And the U.S. museum industry generated an estimated $16.4 billion. Add it up and the total comes to roughly $70 billion, which is less than half what Americans wagered on sports. The story, to its credit, goes on to tell us why sports betting is entirely different, although people who only read headlines will miss that nuance. (The tweet above definitely skips over the nuance.) I will mostly be preaching to the choir here, but it’s worth saying out loud: Wagering money on sports is not the same thing as spending on entertainment from a financial perspective. When you spend money on a movie or concert ticket, that money is gone. You exchanged money for an experience. It’s a good trade! I get to have fun for “x” dollars. (Unless the movie sucks, I guess.) When you bet money on sports, the money is not necessarily gone every time you wager it. It could be gone, but sometimes it’s not and you actually get more money back! That’s not “spending” money or something you should try to compare directly to entertainment spend. A far better comp would be how much people lose at sports betting. That number was more like $17 billion in the US last year, at least for state-regulated sportsbooks. Why are we trying to equate handle and entertainment spending? I dunno. It makes for splashy headlines, I guess. Now, people should be betting for entertainment, and not because they expect to win in the long term; no doubt about it. Anyway, here’s hoping I don’t see people saying Americans “spent” hundreds of millions of dollars on sports betting this fall. Mindway AI and DraftKings Expand Responsible Gaming Drive with Launch of Gamalyze American Football In time for the NFL kickoff, Mindway AI has expanded its partnership with DraftKings to launch Gamalyze American Football the second title in the neuroscience-based Gamalyze Sports collection. Following the success of Gamalyze Football (soccer) during the FIFA World Cup, this gridiron-themed update replaces static questionnaires with immersive, stadium-inspired gameplay. Backed by 10+ years of Aarhus University research, Gamalyze evaluates real-time decision-making to deliver instant, unbiased player risk assessments. Integrated into DraftKings’ platform and nationwide activations, it engages fans when excitement peaks. Ready to upgrade your player protection? Contact Mindway AI to try Gamalyze Sports today. Gambling news roundup 🚨The important stuff 1st NFL Sunday of Season ‘Champagne-Popping Day for Bettors’ (Covers): “The first NFL Sunday of the season was a champagne-popping day for bettors, while the book was left cleaning up the corks,” Caesars’ head of football Joey Feazel said prior to the Sunday night game. “Caesars Sportsbook reported that Detroit’s Jahmyr Gibbs, Baltimore’s Derrick Henry, Indianapolis’ Jonathan Taylor, and Atlanta’s Bijan Robinson were among the top five most-bet players to reach the end zone, and all of them cashed tickets.” [ Ben Fawkes@BFawkes22 A @CaesarsSports oddsmaker on how Week 1 has gone so far: “The first NFL Sunday of the season was a champagne-popping day for bettors, while the book was left cleaning up the corks.” ➡️8 of 10 most popular anytime TD scorers cashed 1:31 AM · Sep 14, 2026 · 276K Views 16 Replies · 16 Reposts · 615 Likes ](https://x.com/BFawkes22/status/2099310001927995849?s=20) 🔍 Are we already getting a “customer-friendly results” narrative in Week 1? NFL Commissioner Roger Goodell spoke with CNBC about the prediction markets industry: “We think that there needs to be stronger regulations into the predictive markets,” Goodell said. “We want to see that to protect the integrity of our game. We want to make sure we’re protecting the consumers that are on those platforms for the NFL. So, we’re continuing to have conversations with them and talk to them about the things that we think they need to do to strengthen that so that they could be potential partners at some point in the future.” More on the NFL + PMs: [ Straight to the Point Quid Pro Quo The NFL has asked Kalshi and other prediction markets to remove certain easy to manipulate markets. Does a potential partnership hang in the balance… Read more 6 hours ago · 19 likes · Steve Ruddock ](https://straighttothepoint.substack.com/p/quid-pro-quo?utm_source=substack&utm_campaign=post_embed&utm_medium=web&embedding_publication_id=1472492) Kalshi was on my podcast?: Kalshi was on my podcast [ The Event Horizon Episode 32: Talking Prediction Market Enforcement With Kalshi’s Robert DeNault Kalshi? On my podcast? Yep… Listen now 5 hours ago · 6 likes · 1 comment · Dustin Gouker ](https://nexteventhorizon.substack.com/p/episode-32-talking-prediction-market-enforcement-kalshi?utm_source=substack&utm_campaign=post_embed&utm_medium=web&embedding_publication_id=1472492) DraftKings Enhances Responsible Engagement Efforts With New Customer Initiatives, Tools and Education (press release): DraftKings Inc. today announced a series of new initiatives designed to promote responsible engagement and increase awareness and use of the tools and resources to help customers make informed decisions and engage responsibly. The efforts include a new digital advertising campaign featuring Kevin Hart and Nick Jonas that promotes responsible engagement, a PGA TOUR sweepstakes that promotes customer engagement with responsible engagement features, the launch of Gamalyze American Football in collaboration with Mindway AI, and new custom cool-off options that give customers enhanced flexibility when choosing a cool-off period. The initiatives build on DraftKings’ commitment to making responsible engagement an integral part of the customer experience and providing players with accessible tools and resources that help them make informed choices about their gaming experience. “At DraftKings, responsible engagement is embedded in how we operate and is essential to building trust with our customers and our long-term sustainability,” said Lori Kalani, Chief Responsible Gaming Officer at DraftKings. “We’ve continued to invest in tools and resources that give customers enhanced access to information about their play and more choices for managing how they engage. From My Budget Builder and My Stat Sheet to player-set limits and new custom cool-offs, we’re continuing to evolve our approach while promoting awareness and use of the tools and resources available to help customers play responsibly.” … DraftKings is launching a new digital advertising campaign featuring Kevin Hart and Nick Jonas that continues the pair’s road trip and promotes responsible engagement and awareness of the tools and resources available to help customers make informed choices about their gaming experience and engage responsibly. The campaign was initially launched on Sep. 10th and will reach customers through digital channels, bringing responsible engagement messaging to fans in an engaging way. bet365 Launches “The Matchup,” a New Weekly Video Podcast Hosted by Super Bowl Champions Chris Harris Jr. and Emmanuel Sanders (press release): "bet365, a global leader in online sports betting and gaming, today announced the launch of “The Matchup,” a new weekly video podcast hosted by former Super Bowl Champions Chris Harris Jr. and Emmanuel Sanders. Featuring current and former NFL players, the original series marks a significant, intentional investment in football as bet365 works to become a go-to destination for U.S. bettors throughout the season. “The Matchup” premieres September 10, with new episodes released weekly in both video and audio formats. Full episodes will be available on YouTube, Apple Podcasts, Spotify and wherever podcasts are available, with clips and additional content rolling out across YouTube, X, Instagram, Facebook, Threads, and TikTok. The show is being produced by Last Row Digital Media. Each week, Harris and Sanders will be joined by guests from across the game to break down the biggest NFL matchups, unpack the latest league news and share perspectives that go beyond the box score. By bringing together two former players with distinct perspectives and firsthand experience, “The Matchup” will give audiences timely context and a deeper understanding of the teams, players and storylines shaping the week ahead. “Every great football conversation starts with a matchup—who has the edge, what everyone is overlooking and what could change the game,” said Chris Harris Jr. “Emmanuel and I have experienced the game from different perspectives, and we want the audience to feel like they are part of the conversation and leave every episode knowing more about the week ahead.” Today’s iGaming companies face new litigation threats as expansive consumer protection statutes spark lawsuits with sky’s-the-limit aspirations, sometimes backed by private funders. Clients of Ifrah Law have a staunch defender in Robert Ward – an agile litigator and case tactician who responds to the changing state of play with creative legal defenses and efficient case-closing strategies. Robert draws on federal clerkship experience and appellate defense work to advise iGaming clients on litigation exposure, white-collar risk, and regulatory defense across multiple jurisdictions. Read More: Robert Ward on Helping iGaming Clients Outmaneuver Lawsuit-Obsessed Adversaries 🔮 Prediction markets Update on legal action in Connecticut: [ Daniel Wallach@WALLACHLEGAL Connecticut says gaming service license holders which received subpoenas over sports prediction markets “are not under investigation” by the @CTDCP but may possess information that could assist the state “in evaluating the conduct of prediction market platforms.” 2:31 PM · Sep 13, 2026 · 844 Views 5 Likes ](https://x.com/WALLACHLEGAL/status/2099143914271670576?s=20) American Gaming Association Opposes CFTC Bid to Block New York Prediction-Market Enforcement (DeFi Rate): “The brief points to the Ninth Circuit’s Aug. 28 decision in KalshiEX LLC v. Assad, which the AGA says supports New York’s authority to regulate sports contracts as gambling. It also cites Kalshi advertising, product comparisons and reporting on Kalshi’s sports volume to argue that the economic product resembles a sportsbook wager more than a conventional financial hedge.” [ Daniel Wallach@WALLACHLEGAL AGA intervenes in CFTC v. NY case to oppose CFTC request for preliminary injunction, says the CFTC’s arguments “obfuscate a simple truth: prediction markets offer sports betting.” Highlights CA9 decision, @DustinGouker (6x), and $1.32 billion in OSB taxes for NY (0 from PMs). Daniel Wallach @WALLACHLEGAL High stakes hearing on Monday in CFTC v. New York State. If SDNY judge Lorna Schofield denies the CFTC’s motion for preliminary injunction, the New York AG would have a clearer path for securing a state court geofencing order against Kalshi, Coinbase, and Gemini Titan. 2:08 AM · Sep 13, 2026 · 4.78K Views 1 Reply · 2 Reposts · 8 Likes ](https://x.com/WALLACHLEGAL/status/2098957043474280584?s=20) Gaming Commission remains member of gambling council after questions raised over ties to Kalshi (Mass Live): “The Massachusetts Gaming Commission will not follow the leads of gaming regulators in Ohio and Michigan and drop ties with the National Council on Problem Gambling over its new association with Kalshi.” Sponsor’s messageTrusted Voices: Conversations About Betting is designed to equip adults, including parents and coaches, with tools and resources to talk to young people about gambling, including information on warning signs, risks and proxy betting. The program is led by retired professional basketball player Randy Livingston and his wife, basketball agent Anita Smith, who share their personal stories related to problem gambling, with the hope of preventing others from experiencing similar harms. Learn more and join the conversation here. 📣 Industry news Gaming M&A: Latest Mergers, Acquisitions and Deals (SBC Americas): “But what else is happening in the world of gaming mergers, acquisitions, investments, and partnerships? Here, we round up some of the news you might have missed.” BetMGM Named Official Sports Betting and Online Casino Partner of the Minnesota Vikings in Canada (press release): BetMGM, a leading iGaming and sports betting operator, announced a multi-year partnership with the Minnesota Vikings, naming it the Official Sports Betting Partner and Online Casino Partner of the team in Canada. The agreement gives BetMGM rights to use Vikings marks across approved sports betting, online casino and marketing activities in Canada. In addition, Vikings Big Kick LuckyTap™, a casino game by Design Works Gaming, is available now exclusively at BetMGM Casino in Alberta and Ontario. “Vikings fans bring a level of passion and loyalty that extends well beyond game day,” said Matt Prevost, Chief Revenue Officer at BetMGM. “As the home of one of the largest collections of sports-themed casino content in North America, BetMGM is uniquely positioned to combine sports fandom with iGaming. We are eager to start football season off strong with another fantastic partnership especially as we expand our reach in Canada to Alberta.” Martin Nance, Minnesota Vikings Chief Marketing Officer, said, “As we continue to deepen our connection with Vikings fans across Canada, we’re proud to welcome BetMGM as the team’s official sports betting and online casino partner in Canada. Their commitment to innovation and fan engagement aligns well with our organization, and we’re excited to create memorable experiences that celebrate Vikings football and connect with Canadian fans in new and meaningful ways.” Caesars Entertainment Launches Ball Rush Jackpots™ in New Jersey,the Latest Proprietary Online Title from Empire Creative™ (press release): Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the launch of Ball Rush Jackpots™, a new ball-and-peg style online casino game developed by Empire Creative™, the Company’s in-house game development studio. Now live in New Jersey across Caesars Palace Online Casino, Caesars Sportsbook & Casino and Horseshoe Online Casino, Ball Rush Jackpots is expected to become available in additional jurisdictions where Caesars offers online casino gaming following regulatory approval. The title expands Caesars’ growing portfolio of proprietary online casino titles, following the successful launch of Ca$hline™ earlier this year and further diversifying the Company’s lineup beyond traditional slots and table games. Ball Rush Jackpots follows the traditional ball-drop gameplay experience where players drop a ball down a board filled with pegs to land in a prize slot. As balls navigate independently through a field of pegs, every drop creates new opportunities to collect feature symbols, unlock bonuses and pursue jackpots, delivering a different experience with every round. “Ball Rush Jackpots delivers a different kind of casino experience for our players, combining easy-to-understand gameplay with meaningful customization, exciting bonus opportunities and jackpot potential,” said Matthew Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital. “As we continue expanding our proprietary content portfolio, we’re focused on creating games that are simple to pick up, rewarding to revisit and designed around the features players enjoy most.” Bally’s Corporation Secures New Financing to Support the Development of the Bally’s Bronx Project (press release): Bally’s Corporation (NYSE: BALY) (“Bally’s” or the “Company”) announced today that it secured new financing led by WhiteHawk Capital Partners, LP to fund further development of the Bally’s Bronx project and general corporate purposes. The new financing comprises closing date term loan commitments in an aggregate principal amount of $400 million and delayed draw term loan commitments in an aggregate principal amount of $160 million (together, the “Facilities”). … Bally’s Chairman of the Board, Soo Kim, commented, “This important financing allows us to progress the pre-construction planning process so that we are ready to complete the remainder of the capital raise and remain on schedule. Furthermore, the additional liquidity provides us greater flexibility for other capital opportunities.” WORLD JAI ALAI LEAGUE LAUNCHES CENTENNIAL SEASON AND ENTERS NEXT CHAPTER IN MIAMI (press release): The World Jai Alai League will open its 2026 fall season on Tuesday, September 15 at Miami’s JAM Arena, beginning a milestone season that marks 100 years since professional Jai Alai first arrived in Miami. Season X, the tenth season of the Battle Court team-based competition launched in 2022, will also be the first since entrepreneur and sports asset investor Rob Gough acquired the World Jai Alai League in August 2026. The acquisition marks the beginning of a new chapter for the league. World Jai Alai League will maintain the existing Battle Court competition and operating format, with Chief Operating Officer Scott Savin overseeing Season X. Gough and his team will use the coming months to listen to players and fans, evaluate opportunities across the league, and execute plans for a broader evolution of Jai Alai’s presentation, live experience, media, marketing and commercial strategy beginning in 2027. “This is a really unique moment for Jai Alai,” said Rob Gough, Owner of the World Jai Alai League. “We have a sport with more than 100 years of history in Miami, extraordinary athletes and incredible speed, but I also believe there is enormous untapped potential.” bet365 reveals most popular online slots in 3 US states in August (SBC Americas): “In its monthly Gaming Insights and Performance report, growing online casino operator bet365 tracks player trends and game performance in online slots across its North American online casino markets.” The Closing Line is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Subscribe
UNDP warns Russian drone attacks on Chernobyl endangers the health and safety of millions
United Nations Development Programme (UNDP) administrator Alexander De Croo on Thursday warned in an interview that frequent drone attacks on Chernobyl are 'really gambling with the safety of millions...
Skill games could be seized from Pa. businesses in October, state police warn
In June, the state Supreme Court ruled the gambling machines are unconstitutional. Lawmakers must regulate them by Oct. 13.
Guardians’ Former Superstar Closer Gets Harsh Update After Gambling Scandal
Cleveland Guardians three-time All-Star Emmanuel Clase was subject to a legal denial after allegations of betting on baseball.
Anthropic researcher quit, says AI labs are 'gambling with our lives'
An Anthropic researcher who once worked at OpenAI just quit. He's the latest insider warning that the AI race has become dangerously reckless.
'Gambling & guessing' - what is going on at Hibs?
Hibernian head coach David Gray is under increasing pressure after a drab defeat at St Johnstone on Sunday, but what exactly has gone wrong in recent weeks?
‘Biggest tool in sports media’: Jeff Pearlman rips ‘f*cking loser’ Bill Simmons
Longtime sportswriter Jeff Pearlman is not shy about going after some of the biggest names in the business on his personal TikTok and YouTube channels, and this week, he took aim at Bill Simmons in relation to The Ringer founder’s recent gambling imbroglio. Simmons came under scrutiny this week for admitting to having his daughter’s…
As sports betting surges, Virginia weighs how to curb gambling harms
As college football season gets into full swing over Labor Day weekend, sports betting companies, public health experts and Virginia lawmakers are confronting a question that has grown more pressing since wagering moved into smartphones: How can the industry keep gambling from becoming an addiction?Representatives from those groups gathered Wednesday at the Hilton Richmond Downtown for a Responsible Gaming Roundtable hosted by the Sports Betting Alliance, an advocacy organization representing bet365, BetMGM, DraftKings, Fanatics and FanDuel — five of the nation’s largest online sports betting operators.
Republican Candidate in Key House Race Bet on Her Own Campaign
The trading platform Kalshi issued a three-year suspension to the candidate, Laurie Buckhout, and fined her nearly $2,600. Ms. Buckhout said she had made a “dumb mistake.”
52% of Gen Z investors have redirected investing money to sports bets
Some Gen Z investors are choosing gambling on sports over investing for their future.
'We are broken': One family's fight against gambling addiction
For Amit, it all started with a college poker game. Now he's in recovery from a gambling addiction that consumed him and his parents.
CT sues Kalshi over unlicensed sports betting
State Attorney General William Tong said what the app does constitutes gambling — making it subject to Connecticut consumer protection laws.
Connecticut sues Kalshi to block alleged unlicensed sports gambling
The Connecticut Office of the Attorney General announced the lawsuit.
Morning 3: Monroe business owner arrested after police raid illegal gambling ring -- and other news
Here are the top stories for the morning of Aug. 26, 2026
Monroe business owner arrested after police raid illegal gambling ring
Investigators said they seized thousands of dollars and several illegal gambling devices during the raid.
‘Absurd’: children to see gambling logos on sports jerseys until 2032 in transition period condemned by Pocock
Government says it hopes clubs will end jersey deals with wagering companies earlier, but calls it a commercial decision
The Dangers of Problem Gambling in Mobile Sports Betting Apps - New York State Bar Association
The increasing prevalence of mobile sports betting and prediction markets comes with an increase in problem gambling. The New York State Bar Association hosted a seminar on the rise of mobile sports betting and prediction markets, which detailed how these platforms can feed into problematic gambling behaviors. Katie Mibaum, team leader at the New York Council on
Addressing the 'valleys of despair' caused by the growing sports betting industry
The sports betting industry has seen explosive growth in revenue in the past six years, but how is it affecting society?
Hemp builds houses, economy and opportunity in one Minnesota tribal community
Hoping to diversify its economy beyond gambling, the Lower Sioux Indian Community has put its chips on hempcrete, a sustainable housing insulation. The operation is part of a quiet, national surge in Native-owned startups. But steep challenges remain.
Police, Gambling Control Unit conduct raid at Lisbon, Maine, business
Police from Gardiner, working with the Maine Gambling Control Office, conducted a raid at a business in Lisbon on Monday morning. Crews were seen using a forklift to remove boxes.
Police, Maine Gambling Control Unit raid Lisbon business
The investigation is ongoing and police say no other information can be released at this time.
Gardiner police, Maine gambling unit conduct search at Lisbon business
The Gardiner Police Department was informed of a possibly illegally operated gambling machine at an establishment in Gardiner in January.
Bally’s issues ‘going concern’ warning to investors
The warning underscores the financial pressures Bally’s faces while trying to finish its Chicago casino project and sparring with the city over video gambling.
Baltimore lawsuits allege illegal sports betting, prediction market gambling on Kalshi, Polymarket
The city of Baltimore is suing two companies over allegations of illegal sports betting and prediction-market gambling.
City Council demands Bally’s restart casino construction
Bally's has threatened legal action if Chicago allows video gambling at bars and restaurants.
2 Mississippi State football players caught sports gambling on NFL, NBA
Documents show two Mississippi State football players were caught sports gambling on the Super Bowl and NBA using Kalshi in February.
Colorado puts new limits on sports betting as wagers soar
The rules aim to curb harmful gambling practices as sports betting reaches record highs.
Study links student gambling problems to mental health
As gambling becomes more accessible to college students, a statewide study of Mississippi's public universities found gambling problems frequently occur alongside depression, anxiety and substance use.
‘I’ve sat at the very precipice of life’: Clarke Carlisle on gambling, depression
The former professional footballer has struggled with his mental health for most of his life. But it took five suicide attempts for him to admit how badly he wanted to end it. He talks about how he turned the corner – and his hopes for his new post with the charity Mind
Watchdog for $46 billion tribal gambling industry can't enforce the law without a chairperson
The Iowa Tribe of Oklahoma opened its new Harrah’s-branded casino in April.
CFTC warns prediction markets against American-style casino odds
The Commodity Futures Trading Commission told prediction markets to avoid using American-style gambling odds as the US regulator fends off legal challenges alleging the platforms are illicit sports betting operations.
NYSBA To Host Free Program on Mobile Sports Betting and Problem Gambling - New York State Bar Association
The New York State Bar Association is set to host a webinar on mobile sports betting – and what to do if it becomes a problem – on Monday, Aug. 17 from 12 p.m. to 1 p.m. The program, “The New Gambling Landscape: Mobile Sports Betting and Prediction Markets,” is free for all to attend.
Will online sports betting worsen gambling addiction in Wisconsin?
Evidence shows similarities in what happens in the brains of people with gambling and substance use disorders. so why do we treat them differently?
New York sues Kalshi, alleging platform is illegal gambling operation
James said prediction markets like Kalshi are gambling platforms that put New Yorkers at risk.
Woman accused of stealing over $200k from Fort Myers business, spending money on online gambling
A Cape Coral woman is accused of stealing over $200,000 from her place of work and spending it on online gambling currency, according to the Lee County Sheriff's Office.
Exclusive: NCAA flags second Tennessee athletics student worker for sports gambling
For second time in a year, a student worker in the University of Tennessee athletics department was flagged by the NCAA for online sports gambling.
Delta to offer sports game on flights with DraftKings but no betting
Delta Air Lines said Wednesday it will offer a sports prediction game on flights in a partnership with sports betting company DraftKings , but will not allow gambling.