New York’s Senate Racing and Wagering Committee approved Senate Bill 2616 unanimously on 11 February 2025. The proposal would permit bets on season-long outcomes, sports award winners and pre-game coin tosses; it must still pass the Senate and Assembly and receive the governor’s signature to become law.
Sportsbooks could offer additional legal betting markets in New York if the proposal completes the legislative process.
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Robinhood is aiming to broaden its prediction-markets platform beyond sports contracts, according to Deutsche Bank analyst Brian Bedell after meetings with the company’s vice-president and general manager of futures and prediction markets. Bedell said Robinhood had ambitions spanning retail users, exchange activity, market-making and longer-term institutional and international markets.
Dallas Cowboys owner Jerry Jones said he supports regulated sports betting in Texas, saying legalisation could protect consumers, raise tax revenue and safeguard sports integrity. Texas lawmakers would first need to pass a bill to put a constitutional change to voters, the source said.
Dallas Cowboys owner Jerry Jones is backing the legalisation of sports betting in Texas, saying it would safeguard consumers and sporting integrity while raising tax revenue. He hopes the change in political leadership will bring regulated sports gambling.
Maryland Lottery and Gaming says licensed online sports wagering and registered online fantasy competitions are the state’s only legal online gaming options. The agency has also notified licensed and registered operators about sports event prediction markets and says it issues cease-and-desist letters to platforms it considers to be operating illegally.
Texas continues to prohibit legal sports betting for residents and visitors during the 2026 FIFA World Cup, reportedly. The ban covers online and in-person wagering within the state, preventing sportsbooks without Texas authorisation from operating there.
NBA commissioner Adam Silver said the league considers prediction markets such as Kalshi and Polymarket a form of sports gambling. He said lawmakers and courts will determine their legal status, with cases involving the platforms under way.