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New Jersey lawmakers propose allowing bets on in-state college teams

Regulation

New Jersey Assembly member Michael Venezia introduced a proposal to allow sports wagers on in-state college teams, including Rutgers, according to the bill report. The measure would require voter approval in November to take effect; the current state ban remains in place.

If approved, the proposal would change which college events New Jersey sportsbooks may accept wagers on.

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Deals & M&A

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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