Arizona Governor Katie Hobbs has proposed a tiered fee structure for the state’s largest sports wagering operators. The proposal’s fee levels and terms were not specified in the available report.
A tiered fee proposal could change costs for the state’s largest sports wagering operators.
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Arizona Attorney General Kris Mayes filed a 20-count criminal indictment against KalshiEx LLC and Kalshi Trading LLC, alleging they operated an unlicensed gambling business and accepted election wagers in Arizona. The misdemeanour charges include four counts related to election betting; Kalshi chief executive Tarek Mansour called them baseless. Separately, Polymarket announced a partnership making it MLB’s exclusive prediction market exchange partner, and MLB and the CFTC signed a cooperation memorandum.
Arizona Governor Katie Hobbs issued an executive order prohibiting state executive-branch employees from disclosing or using confidential information to profit from, avoid losses in or assist others with prediction-market trades. Violations may result in dismissal, other discipline or referral to law enforcement; the order took effect immediately and remains in force until repealed or replaced.
Arizona Governor Katie Hobbs signed an executive order barring executive-branch employees from using or disclosing non-public government information to profit, avoid losses or help others profit through prediction markets. Violations could lead to dismissal and referral to law enforcement; Hobbs also urged other state institutions and elected officials to adopt similar policies.
Kentucky lawmakers passed HB 904 and sent it to Governor Andy Beshear, according to the report. The bill would raise the minimum age for sports betting to 21, establish an 18-year minimum for fantasy contests and expand regulatory authority over wagering and related activities. It also proposes new tax rates for fixed-odds horse-racing bets: 9.75% at licensed tracks and 14.25% online.
Arizona recorded $760.4m in sports wagers in February, a 9% increase, according to the report. The source provided no further accessible article detail.