A Brazilian lawyer argued that debate on betting regulation should account for existing demand and online gambling supply. The article cites estimates of illegal-market activity and describes domain blocking by Anatel at the request of the Secretariat of Prizes and Bets.
The argument concerns how enforcement and regulation may affect the channel between Brazilian betting demand and legal operators.
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The American Gaming Association estimated that Kalshi users aged 18 to 20 generated more than $8.844 billion in sports-related trading volume through 27 October, based on a 4% figure the association said Kalshi had published and later changed. The AGA argues that users aged 18 to 20 can access these markets despite age limits of 21 for sports betting in numerous US states.
The American Gaming Association (AGA) estimated that Kalshi users aged 18 to 20 generated more than $8.844bn in sports trading volume through 27 October. According to the AGA, the calculation rests on information that Kalshi published on its website and later changed. In that information, the AGA said, Kalshi stated that users aged 18 to 20 accounted for 4% of its trading volume.
Executives from the American Gaming Association and the Sports Betting Alliance discussed how state-level regulation, tax policy and illegal operators may affect US sports betting. The source notes that the US Supreme Court decided PASPA on 14 May 2018.
New York sports bettors wagered more than $2.4bn in September, up 5% from September 2025, according to the New York State Gaming Commission. Handle for the first six months of the state's 2026/2027 fiscal year reached nearly $12.6bn, up 6.9% year on year, while sportsbook revenue fell 5.8% to $1.1bn. Prediction-market platforms dispute the gaming industry's claim that their trading diverts business from state-regulated sportsbooks.
New York sports bettors wagered more than $2.4bn in September, the New York State Gaming Commission reported. That was 5% more than in September 2025, an increase of nearly $114m in wagers.
US Senator Ted Cruz is preparing legislation that would give state and tribal governments authority over sports-related contracts offered by prediction markets, citing Bloomberg Law. Cruz intends to file the bill after the 3 November midterm elections. The measure would bar operators from offering contracts linked to gambling activities, including sports betting, without approval from the relevant state or tribal government.
A bill granting state and tribal governments say over sports contracts sold by prediction markets is being drafted by US Senator Ted Cruz, Bloomberg Law reported. He plans to introduce it once the November 3 midterm elections are over. As of now, the text is absent from Congress' website.
US commercial gaming revenue fell 0.6% year on year to $6.48bn in August, according to American Gaming Association figures. Sports betting revenue dropped 15.6% to $1bn, while iGaming rose 12.3% to $1.03bn and traditional casino gaming gained 0.9% to $4.44bn.
Figures from the American Gaming Association, put US commercial gaming revenue at $6.48bn in August, a 0.6% decrease compared with the same month a year earlier. According to the association's Revenue Tracker, a 15.6% fall in sports betting revenue more than offset gains made by traditional casino gaming and iGaming.