Legal Sports Betting

The Senate Commerce Committee discussed the Protect College Sports Act, a bill that regulates NIL, transfer rules, and more disputes that impact college betting markets. The bill doesn’t directly address controversial topics like collegiate player prop betting, but federal intervention puts a spotlight on amateur athlete protection. WASHINGTON – The Protect College Sports Act hearing was held in the Senate Commerce Committee today, a bill that could fundamentally shift college sports.

New York legislators passed a bill to require sports betting sites in the state to send monthly invoices to players covering how much money they deposited, won, and lost. The bill is ready to be signed by Governor Hochul and will take effect January 1st, 2027 if approved. NEW YORK – Legislators in the state of New York are making an effort to protect sports bettors in a way that no other state has done.

Restrictions for military members and Pentagon civilians from trading on prediction markets made the US defense policy bill. Insider trading in the military has been under fire since a soldier allegedly used classified information to trade on the capture of Venezuelan president Nicolas Maduro.

The Knicks are five point underdogs on the road in Game 1 of their first Finals appearance since 1999, when they lost to the Spurs. The last ten Game 1s of the NBA Finals have averaged a combined total of 215.3 points per game. Dylan Harper has averaged 16 points per game in Game 1s this postseason and has -110 odds to score over 10.5 points tonight.

The NL Cy Young race is neck-and-neck between Cristopher Sanchez (+175) and Jacob Misiorowski (+185) after both pitchers had incredible performances in the month of May. Former favorite Paul Skenes trails at +550, followed by Shohei Ohtani (+600) and Chris Sale (+850) before a steep drop off in betting odds. PHILADELPHIA – The NL Cy Young race is tightening up after incredible performances in May from Philadelphia’s Cristopher Sanchez and Milwaukee’s Jacob Misiorowski.

Illinois joins Minnesota as the second state to enact a law that regulated prediction markets in their respective states. Monday’s budget package included Senate Bill 4168, also known as The Prediction Markets Regulation and Taxation, which requires prediction markets to acquire a license. Legal opposition from the Commodity Futures Trading Commission (CFTC) is expected, but this law puts further pressure on state laws contradicting federal law.

Iowa sportsbooks saw a massive 10.38% hold rate in April, resulting in $21.9 million in revenue. Though the $210 million handle for the month was the lowest of any month in 2026, the revenue stayed on par with other months due to the high hold rate. DES MOINES, Iowa – April was a very profitable month for sports betting sites in Iowa, despite a relatively mild handle, securing $21.9 million in revenue on $210 million in handle.

Anna Kalinskaya and Maja Chwalinska are evenly matched in the first Women’s French Open quarterfinal match on Wednesday morning, with Kalinskaya a -115 favorite. Aryna Sabalenka is a -700 favorite over Diana Shnaider and a -130 favorite to win the tournament outright, PARIS – The last two quarterfinal matches at the 2026 Women’s French Open are set for Wednesday morning, with three new faces and one familiar face looking to take home the title for the first time in her illustrious career.

Myles Garrett got traded to the Los Angeles Rams in exchange for Jared Verse, a 2027 first-round pick, and more draft compensation. The Rams’ Super Bowl Odds shortened from +750 to +650 at BetOnline, but now rest at +600 after receiving a $3,000 futures bet while Bovada prices LA at +550 odds. Meanwhile, the Cleveland Browns’ odds to win the Super Bowl fell to +30000, the longest Super Bowl LXI odds in the NFL.

The Hurricanes have -150 odds to beat the Golden Knights in the Stanley Cup Finals. Vegas has +130 odds to take home the title. The Golden Knights became the second team to defeat a team who had gone 8-1 or better in the first two rounds of the playoffs. The only other team to do so won the title. Carolina has gone 12-1 through the first three rounds, the first team to ever reach that mark.