Colorado & Arizona Experience Sports Betting Handle Declines in March
Colorado and Arizona both reported declines in sports betting handle for March. Despite the drops, revenue remained strong as sportsbook hold increased.
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Colorado and Arizona both reported declines in sports betting handle for March. Despite the drops, revenue remained strong as sportsbook hold increased.
A 33-year-old from Prescott, Arizona, US, has been convicted in a cartel kidnapping hoax that could beat any Hollywood movie script right now.
A federal judge in Arizona has ruled that prediction market platform Kalshi falls under Commodity Futures Trading Commission (CFTC) oversight, blocking state prosecutors from pursuing gambling-related criminal charges against the company.
Kalshi received a favorable ruling in Arizona after a district court judge reversed a decision to deny the prediction market an injunction against the state’s attorney general.
The prediction market sector got off to a hot start in May. Each Friday at SBC Americas, we highlight some of the biggest headlines and stories you may have missed involving prediction markets.
A federal judge granted the CFTC a preliminary injunction against Arizona. At the same time, he signaled a potential stay pending Ninth Circuit ruling.