The gambling industry in the United States is highly developed. Cities like Las Vegas are famous for their large casinos, offering a wide variety of gambling options. Additionally, lotteries are also popular nationwide with a variety of types available. Furthermore, some regions also allow legal spo
As the legal battles between the prediction markets and traditional gambling industries continue to blaze across multiple federal courts in the US, another more covert but potentially decisive front is quietly advancing in the institutional finance sector. Last month, Kalshi co-founder Luana Lopes L
America's largest online sports betting brand FanDuel officially welcomed a major leadership change on May 6. Flutter Entertainment announced on Wednesday, along with the release of its first-quarter financial report, that Amy Howe, who has been the CEO of FanDuel for over five years, will step down
The Cannabis Policy Institute at the University of Nevada, Las Vegas recently released a report that put Nevada's long-standing regulatory isolation wall on the economic operating table. The study estimates that due to the prohibition of cannabis delivery to hotels and gaming properties, the enforce
When Resorts World, Bally's, and Hard Rock International simultaneously secured casino licenses in Downstate New York in December 2025, the fate of the three operators was firmly tied to the same racetrack. Resorts World took the lead—its Queens-based Resorts World New York officially launched the
North Carolina's newly federally recognized Lumbee Tribe is rapidly advancing its casino plans. The tribal leadership passed a constitutional amendment by an overwhelming majority of 17 votes to 2, laying the first governance cornerstone for building a potential tribal casino along Interstate 95. Th
The U.S. Senate Commerce Subcommittee will officially convene a highly anticipated hearing on May 20th to thoroughly examine the integrity crisis under the wave of legalized sports betting. This marks the first systematic review by Congress on the adequacy of sports integrity mechanisms since the P
Louisiana's legislature is targeting the illegal gambling market with an unprecedented heavy legal weapon. House Bill No. 53, overwhelmingly passed by the state legislature, incorporates existing gambling offenses such as computer gambling and electronic lottery devices into the scope of the Louisia
The Missouri legislature is considering a new bill that would significantly increase the gambling tax burden. Initiated by Republican State Representative Jeff Knight, Bill HB 3533 will directly impact the thirteen casinos within the state and the nascent sports betting platforms. The casino entry f
The 2026 Kentucky Derby concluded with a shocking historical breakthrough. The underdog horse Gold Tempo, with odds of twenty-three to one, surged from the back of the pack on the final stretch and narrowly defeated the favorite horse Renegade, earning trainer Cheri Devaux the first female champions
One of the most recognizable construction projects on the Las Vegas Strip reached a milestone on May 1. Hard Rock International held a topping-off ceremony for its guitar-shaped tower at the former site of Mirage, covering approximately 1.4 million square feet. With the final structural beam install
The online gambling industry in the United States is rapidly closing the door on credit cards. On April 14, Caesars Entertainment officially removed the credit card deposit option from all its online gambling platforms in the US, covering a brand matrix including Caesars Palace Online Casino, Caesar
When global prediction market platforms have extended their reach to political elections, economic indicators, and professional sports events, the Kentucky Derby, the most anticipated event on the American annual gambling calendar, remains a forbidden area for them. As of this Thursday, neither Kals
The U.S. Senate unanimously passed a bipartisan resolution on Thursday by voice vote, officially banning all current senators and their staff from participating in market prediction trading. Initiated by Republican Senator Bernie Moreno of Ohio, the ban, which takes effect immediately, lists predict
Atlanta-based daily fantasy sports operator PrizePicks has stepped on the gas in the realm of sports sponsorships. The company recently signed a multi-platform racing partnership with McLaren Racing, officially becoming the official partner of Arrow McLaren IndyCar team, and will be the main sponsor
NBA is transitioning from a passive defender in the prediction market to a co-creator of rules. Commissioner Adam Silver revealed at the Associated Press Sports Editors event on April 27 that the league had in-depth discussions with the Commodity Futures Trading Commission about the integrity framew
MGM Resorts International presented a mixed picture in its first-quarter earnings report on Wednesday. The group's total net revenue slightly increased by 4% to $4.5 billion year-over-year, but its consolidated adjusted EBITDAR fell by 9% to $580 million, and net profit shrank by 16% to $125 million
