The Ho-Chunk Nation closed $610m in senior secured credit facilities on 26 September to fund construction of its planned casino resort in Beloit, according to the report. The financing comprises a $305m revolving facility and a $305m delayed-draw term loan, alongside about $95m in tribal equity; the resort is projected to cost $705m.
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Reportedly, Bally’s closed $560m in financing for its proposed casino resort at Ferry Point in the Bronx. WhiteHawk Capital Partners led the package, comprising $400m in term loans and $160m in delayed-draw commitments. The funding supports planning and pre-construction, while Bally’s still needs additional capital for the roughly $4bn development.
Ohio state senator Bill DeMora is seeking renewed action on two bills covering sports prediction markets and election betting. SB 430 would bring sports-outcome contracts under Ohio’s sports-gambling rules, while SB 479 would extend the ban on election wagers to prediction-market platforms; neither bill has received a Senate floor vote.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.
Thirty-seven US states, the District of Columbia and the Northern Mariana Islands submitted a brief supporting New York against Kalshi to the Second Circuit Court of Appeals. Registered on 6 November, the brief argues that federal derivatives law should not prevent states from enforcing sports-betting and consumer-protection rules; a separate group of 38 states filed a Wisconsin brief concerning Polymarket, Coinbase, Robinhood and Crypto.com.
A coalition of 37 US states, the District of Columbia and the Northern Mariana Islands has filed a brief supporting New York in its case against Kalshi at the Second Circuit Court of Appeals. The brief, filed on 6 November, argues that federal derivatives law should not prevent states from applying sports-betting and consumer-protection rules.
Five prediction market operators have withdrawn or limited some event contracts in Utah as state authorities pursue criminal charges against Kalshi and its co-founders. DraftKings, FanDuel and Fanatics introduced restrictions between 28 October and 4 November; Robinhood and PrizePicks have also restricted access, with measures varying by operator.