Regulation
Casinos hit $34m in AML fines in September alone
Regulators collected $34m from casino operators in September over anti-money laundering & know-your-customer failures.
Edition
InfoBets US
Betting news from the United States: the states, the regulators, the courts & the operators, every story with its sources.
Business
LeBron James signs $15m Polymarket deal, beating his own NBA pay
LeBron James will earn $15m a year endorsing Polymarket, nearly four times his 76ers salary, as the platform fights an illegal gambling lawsuit.
Regulation
Ohio gives Coinbase, Robinhood & Polymarket 14 days to quit state
Ohio's gambling regulator ordered 10 prediction platforms to stop offering sports event contracts within 14 days.
Business
Kalshi odds join CBS News midterm election coverage
Kalshi is supplying CBS News with live prediction market data for its US midterm election coverage.
Business
$3m: Kalshi’s record gift to Housing Works amid NY ban fight
Kalshi donates $3m to New York charity Housing Works while Governor Hochul sues the prediction market over alleged illegal gambling.
Regulation
Ohio’s DeWine calls Kalshi “pigs”, vows to enforce gaming law
Ohio's governor says the Sixth Circuit will let the state enforce gaming law against Kalshi's event contracts.
Scandal
Indiana woman allegedly tried to cash already-paid $1,393 ticket
An Indiana woman faces felony charges after allegedly trying to cash a sports betting ticket already paid out to someone else.
Scandal
$19k casino debt allegedly led to fake-bomb credit union heist
A Utah man says a $19,000 casino loss led to a fake-bomb robbery that netted just $1,234.
Business
Bettor loses $25,000 on Kalshi despite sportsbook ban
A bettor banned from DraftKings & FanDuel ran up $25,000 in losses on Kalshi before the firm finally closed his account.
Markets
Vegas cinema chain bets $1,000 on Kalshi against Hollywood
A Las Vegas cinema chain used Kalshi to bet that Hollywood releases fewer than 60 films this quarter.
Regulation
Illinois sports contract rules likely clash with federal law
A federal judge says Illinois licensing rules for sports event contracts likely clash with federal law, in a win for Kalshi & Coinbase.
Courts
DraftKings sued over alleged AI targeting of bettors
A DraftKings customer is suing over claims the company used AI to target likely losers with more promotions.
The InfoBets BriefA clearer view.
A clearer view.
Once a week.
Three useful reads & one takeaway. Betting, padel & industry information, every Friday at 12:00 Gibraltar time. Free.
Read the Brief