Nebraska voters rejected ballot measures that would have authorised statewide online sports betting and established rules for racetrack casinos and sportsbook partners, according to the report. The proposed tax rate was 20%, with about 70% of the revenue earmarked for property tax relief; supporters had raised nearly $22m by October.
The vote blocks the proposed route to a 2027 mobile betting launch in Nebraska.
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DraftKings and FanDuel each contributed $10.4 million to a Nebraska campaign supporting two ballot measures to legalise mobile sports betting, according to the report. Voters are due to decide on the measures on 3 November; approval of both would allow mobile sportsbooks to partner with licensed racetrack casinos.
Sportsbook giants DraftKings and FanDuel have each committed $10.4 million to the push to bring mobile sports betting to Nebraska. The statewide vote takes place on Tuesday, Nov. 3.
DraftKings, FanDuel, Fanatics and PrizePicks have restricted some prediction market products in Utah after Utah Attorney General Derek Brown filed 14 criminal charges against Kalshi. DraftKings and FanDuel retain financial contracts, while Fanatics plans to stop taking trades in the state on 4 November; PrizePicks has disabled Team Picks and Culture Picks.
Utah's 14 criminal charges against Kalshi have led DraftKings, FanDuel, Fanatics and PrizePicks to pare back what they offer in prediction markets there. How far each operator goes differs.
A federal judge in Illinois issued a preliminary injunction barring state officials from enforcing gambling laws against CFTC-regulated prediction markets, reportedly. The injunction covers licensing requirements, taxes and enforcement; the report also says DraftKings, FanDuel and Fanatics are among operators retreating from Utah.
A federal judge in Illinois has reportedly entered a preliminary injunction that bars state officials from enforcing gambling laws against CFTC-regulated prediction markets. The injunction reportedly covers licensing requirements and taxes. It was also reported to extend to licensing, taxation and enforcement.
ESMA’s trends, risks and vulnerabilities report, published on 10 September, says users in the EU can access prediction-market services through VPNs despite geographic restrictions. The report says these contracts may fall under financial, cryptoasset or national gambling rules, depending on their terms, and that major platforms generally lack the required EU authorisation.
The European Securities and Markets Authority (ESMA) has said that virtual private networks allow users to circumvent the geographic restrictions of prediction-market platforms Polymarket and Kalshi, according to a chapter of its latest trends, risks and vulnerabilities report. The report was published on 10 September. ESMA said that offering these event contracts in the EU generally requires an EU authorisation that the largest prediction-market platforms do not currently hold.
Three Louisiana residents filed a proposed class-action lawsuit against DraftKings, FanDuel, Bally’s Baton Rouge and Amelia Belle in Orleans Parish, alleging the operators’ apps inadequately warn users about addiction and use personalisation to keep losing bettors wagering. The complaint alleges violations of state consumer protection laws and the Louisiana Products Liability Act and seeks recovery of plaintiffs’ sportsbook deposits; the defendants had not responded as of the report.
A proposed class-action complaint was filed in the Civil District Court for the Parish of Orleans by three Louisiana residents against DraftKings, FanDuel, Bally's Baton Rouge and Amelia Belle. The suit claims the operators' mobile sports betting apps are defective and do not adequately warn consumers about addiction. Filed on Oct. 22, it asks for a jury trial and for the return of every deposit the plaintiffs made on the online sportsbooks. As of the report, no response to the complaint had been submitted by DraftKings or FanDuel.