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Connecticut lawmakers consider allowing bets on in-state college teams

Regulation

Connecticut lawmakers introduced File 271 on 4 April, proposing to allow sports bets on in-state college teams, according to reports. The proposal would not permit wagers on individual college players and also includes proposed restrictions on gambling advertising; lawmakers had until 8 May to pass it.

The proposal could change which college sports wagers operators may offer in Connecticut.

End-of-day close DraftKings (DKNG), USD, to 7 June 2024
Story date11 March 20247 June 2024

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New York teams expand prediction-market partnerships amid state scrutiny

New York sports teams have entered prediction-market partnerships while state officials treat sports-event contracts as unlicensed wagering, according to the report. Polymarket partnered with the Yankees on 6 August, Novig became the Mets’ exclusive prediction partner on 30 July, and Kalshi has a multiyear partnership with Madison Square Garden announced in May. The report says officials have not stated whether these partnerships breach the advertising prohibition.

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