Gambling Insider
type: channel
date: 2026-06-24T14:30:42Z
update period: hourly
update frequency: 1
update base: 2000-01-01T12:00+00:00
generator agent: https://wordpress.org/
items: NFL Declines Supplemental Draft, Rejects Brendan Sorsby’s Petition
items: Zuckerberg Bets on “Arena” as Meta Explores Prediction Markets
items: Lumbee Tribe Rejects Casino Amendment, Stalling North Carolina Gaming Plans
items: CFTC Sues Kentucky, Kalshi Challenges Illinois After States Move Against Prediction Markets
items: Kalshi Retreats From India While European Regulators Target Prediction Markets
items: Dutch Gambling Trade Group Sues Meta Over Illegal Gambling Ads, Files EU Complaint
items: Why DraftKings’ Biggest Prediction Markets Opportunity May Still Be Ahead
items: Americans Oppose Political Prediction Markets Despite Industry Growth Push, Poll Finds
items: NCAA Bans Former Iona Player Adam Njie Jr. in Alleged Game-Fixing Plot
items: Learning Hormones May Influence Gambling Urge Was ‘Lightbulb’ Moment for UK Woman. New Research Aims to Prove It.

NFL Declines Supplemental Draft, Rejects Brendan Sorsby’s Petition
type: item
creator: Chavdar Vasilev
date: 2026-06-24T14:32:12Z
description: The league cited timing and integrity concerns, while Sorsby’s attorney said the decision violates the collective bargaining agreement. Texas Tech quarterback Brendan Sorsby will not enter the NFL through a supplemental draft after the league elected not to hold the event in 2026, citing timing and integrity concerns tied to the gambling violations that ended […] The post NFL Declines Supplemental Draft, Rejects Brendan Sorsby’s Petition appeared first on Gambling Insider.
encoded: The league cited timing and integrity concerns, while Sorsby’s attorney said the decision violates the collective bargaining agreement. Texas Tech quarterback Brendan Sorsby will not enter the NFL through a supplemental draft after the league elected not to hold the event in 2026, citing timing and integrity concerns tied to the gambling violations that ended his college career. In a June 23 letter, the league informed Sorsby that it had decided not to hold a supplemental draft this year and had rejected his petition for special eligibility. The NFL said that under its collective bargaining agreement, the league retains discretion over whether to hold a supplemental draft in a given year. According to the letter, the NFL had no plans to conduct one until it received Sorsby’s application. The last time the league held one was in 2019. Your Petition—filed three business days before the deadline, without any supporting information or documentation, and only after abandoning your recent litigation efforts to avoid NCAA sanctions—does not provide a basis for the League to alter those plans,” the NFL wrote. The decision follows months of controversy surrounding Sorsby’s gambling violations. The quarterback admitted to placing thousands of wagers on college and professional sports totaling more than $90,000. The NCAA ultimately ruled him permanently ineligible, citing a pattern of gambling activity across multiple schools. According to the NFL’s letter, the league did not have the complete NCAA investigative record. However, the league noted that available information indicates that Sorsby wagered on his own team and teammates and used intermediary accounts to place bets on his behalf. The NFL also said the allegations raised issues directly tied to its integrity policies. The issues presented by your Petition are too significant, and too closely tied to the League’s core integrity interests, to permit meaningful review within the timeline presented,” the letter stated. An…

Zuckerberg Bets on “Arena” as Meta Explores Prediction Markets
type: item
creator: Andrew O'Malley
date: 2026-06-24T13:22:17Z
description: Prediction markets may soon face a competitor with something neither Kalshi nor Polymarket possesses: direct access to billions of users worldwide. Mark Zuckerberg has reportedly directed a small team to build a standalone smartphone app modeled on prediction market platforms Polymarket and Kalshi, potentially giving Meta a foothold in one of the fastest-growing segments of […] The post Zuckerberg Bets on “Arena” as Meta Explores Prediction Markets appeared first on Gambling Insider.
encoded: Prediction markets may soon face a competitor with something neither Kalshi nor Polymarket possesses: direct access to billions of users worldwide. Mark Zuckerberg has reportedly directed a small team to build a standalone smartphone app modeled on prediction market platforms Polymarket and Kalshi, potentially giving Meta a foothold in one of the fastest-growing segments of online wagering. The experimental project, known internally as “Arena,” would initially allow users to forecast real-world outcomes using a points-based system rather than real-money wagers. The New York Times reported Tuesday that two employees familiar with the plans described the app as a top priority inside the company. By avoiding real-money wagering at launch, Meta could sidestep many of the regulatory battles currently facing prediction market operators in the U.S. It would also avoid restrictions that have targeted the sector in jurisdictions such as Europe and India. Unlike existing prediction market operators, Meta would not need to build an audience from scratch. Meta plans to leverage existing audiences on Facebook, Instagram, and WhatsApp to promote Arena upon launch. These apps collectively reach more than 3.5 billion daily active users. Meta Returns to Prediction Markets This isn’t the first time Meta has attempted to enter the prediction market space. It launched Forecast in 2020, an app that allowed users to predict unfolding events using a points system. However, Meta shut it down in 2022. The prediction market sector has exploded over the past couple of years. The combined monthly trading volume across Kalshi and Polymarket reached roughly $24 billion in April. That’s nearly five times higher than the $5 billion in September 2025. In April, investment firm Bernstein estimated that the sector could reach $1 trillion in annual volume by 2030. Arena would fit nicely into Meta’s existing games footprint, such as the instant and social games that Facebook offers. Meta advertising ru…

Lumbee Tribe Rejects Casino Amendment, Stalling North Carolina Gaming Plans
type: item
creator: Chavdar Vasilev
date: 2026-06-24T10:43:06Z
description: The vote halts a proposed casino development along Interstate 95 less than a year after the tribe secured federal recognition. Members of the Lumbee Tribe of North Carolina voted Tuesday to reject a constitutional amendment viewed as a key step toward developing a tribal casino resort, dealing a setback to tribal leaders’ gaming plans. According […] The post Lumbee Tribe Rejects Casino Amendment, Stalling North Carolina Gaming Plans appeared first on Gambling Insider.
encoded: The vote halts a proposed casino development along Interstate 95 less than a year after the tribe secured federal recognition. Members of the Lumbee Tribe of North Carolina voted Tuesday to reject a constitutional amendment viewed as a key step toward developing a tribal casino resort, dealing a setback to tribal leaders’ gaming plans. According to unofficial results, approximately 62% of voters opposed the amendment. More than 9,000 tribal members participated in the election. The vote came less than a year after the Lumbee Tribe became the nation’s 575th federally recognized tribe in December 2025. In May, tribal leadership voted 17-2 to amend its governing constitution. The tribe had already purchased 241 acres near Interstate 95 in southern Robeson County and unveiled plans for a casino resort development on the site. In a Facebook statement following the vote, Tribal Chairman John Lowery expressed disappointment with the outcome. A majority of the Lumbee people have spoken, and they have said no to progress and have decided to stay with the status quo,” Lowery said. Casino Project Promised Jobs and Economic Development Tribal leaders viewed the casino resort as transformational for one of North Carolina’s most economically challenged regions. The development plans included a casino, hotels, restaurants, retail space, a convention center, and a golf course. Supporters projected the project would create up to 3,500 full-time jobs, with salaries beginning at approximately $45,000 annually. The tribe purchased the land shortly after receiving recognition and promoted the development as a potential source of funding for housing, healthcare, education, and public safety programs. Supporters also argued the tribe needed to move quickly as neighboring states continue expanding gaming opportunities. Virginia has opened multiple commercial casinos in recent years. Meanwhile, South Carolina lawmakers have debated proposals that would allow casino development along the I-9…

CFTC Sues Kentucky, Kalshi Challenges Illinois After States Move Against Prediction Markets
type: item
creator: Chavdar Vasilev
date: 2026-06-24T08:38:41Z
description: The filings target the states’ recently enacted measures to tax certain prediction market contracts. The Commodity Futures Trading Commission (CFTC) sued Kentucky on Monday following the state’s recent enforcement actions against Kalshi and Polymarket. Separately, Kalshi filed suit against Illinois after lawmakers enacted a measure that taxes and regulates sports-event contracts. Both lawsuits argue that […] The post CFTC Sues Kentucky, Kalshi Challenges Illinois After States Move Against Prediction Markets appeared first on Gambling Insider.
encoded: The filings target the states’ recently enacted measures to tax certain prediction market contracts. The Commodity Futures Trading Commission (CFTC) sued Kentucky on Monday following the state’s recent enforcement actions against Kalshi and Polymarket. Separately, Kalshi filed suit against Illinois after lawmakers enacted a measure that taxes and regulates sports-event contracts. Both lawsuits argue that the Commodity Exchange Act (CEA) grants the CFTC exclusive jurisdiction over event contracts traded on federally regulated designated contract markets (DCMs), preempting state gambling laws. The filings further expand the prediction market industry’s growing conflict with state regulators. Kentucky joins eight other states sued by the CFTC, but becomes the first Republican-led jurisdiction to be challenged by the agency. CFTC Challenges Kentucky’s Lawsuits, Prediction Market Tax In its complaint, the CFTC argued that Kentucky’s recent enforcement actions and prediction market tax unlawfully interfere with federally regulated exchanges. The agency challenged lawsuits filed by Kentucky Attorney General Russell Coleman against Kalshi, Polymarket, Robinhood, Coinbase, and Webull. Those lawsuits alleged that the companies were facilitating unauthorized sports wagering and violating Kentucky consumer protection laws. The complaint calls the lawsuits “the latest entries in Kentucky’s campaign to banish prediction markets from within their borders.” It also challenges the state’s newly enacted prediction market tax. Kentucky recently enacted House Bill 757, which imposes a 14.25% tax on prediction market revenue. Lawmakers also enacted House Bill 904, which prohibits licensed sportsbooks from partnering with prediction market platforms beginning July 15. The CFTC complaint argues that the tax effectively makes it impossible for federally regulated exchanges to operate in Kentucky. It invokes the Supreme Court’s longstanding observation that “the power to tax involves the po…

Kalshi Retreats From India While European Regulators Target Prediction Markets
type: item
creator: Andrew O'Malley
date: 2026-06-23T14:50:00Z
description: After courting Indian users as part of a global expansion strategy, Kalshi has quietly withdrawn from the market amid a broader regulatory crackdown on prediction platforms. Kalshi has updated its member agreement to block users in India from trading event contracts. The prediction markets company changed its member agreement dated June 17. Anyone who is […] The post Kalshi Retreats From India While European Regulators Target Prediction Markets appeared first on Gambling Insider.
encoded: After courting Indian users as part of a global expansion strategy, Kalshi has quietly withdrawn from the market amid a broader regulatory crackdown on prediction platforms. Kalshi has updated its member agreement to block users in India from trading event contracts. The prediction markets company changed its member agreement dated June 17. Anyone who is domiciled, organized in, or located in the country can no longer trade on the platform. The move marks a reversal from Kalshi’s October 2025 international expansion push, when the company announced plans to serve users in more than 140 countries, including India. The addition brings Kalshi’s list of restricted jurisdictions to 55 countries and territories. Kalshi has sought to position itself as a compliance- and regulation-focused operator in an otherwise unconstrained sector. The decision isn’t surprising, as its U.S. federal CFTC license doesn’t affect how other regulators apply their national laws. From Expansion to Exit The June 17 amendment makes India a restricted jurisdiction under Kalshi’s member agreement, barring users who are domiciled, organized, or located in the country from accessing event contract trading. The agreement also allows Kalshi to update the restricted-jurisdiction list in response to changes in legal, regulatory, or business conditions. The most notable part of the update is how long Kalshi held out before making it. The company was still onboarding Indian customers as recently as mid-May. Its legal counsel, Valeria Vouterakou, said at the time that Kalshi had contacted the Indian government and had not received an order to shut down. She added that the platform would comply with any government requests “should they make them.” Just a few weeks later, the company could no longer ignore the requests and the enforcement action behind them. How India Closed the Door India’s Promotion and Regulation of Online Gaming Act 2025 led to a change in stance. The law, which came into effect on May 1…

Dutch Gambling Trade Group Sues Meta Over Illegal Gambling Ads, Files EU Complaint
type: item
creator: Chavdar Vasilev
date: 2026-06-23T13:20:04Z
description: The trade body alleges Facebook and Instagram have become major distribution channels for illegal gambling advertisements and are helping fuel the growth of the Dutch black market. Dutch gambling trade association VNLOK is pursuing legal action against Meta and filed a complaint with the European Commission. VNLOK alleges the company has failed to prevent large-scale […] The post Dutch Gambling Trade Group Sues Meta Over Illegal Gambling Ads, Files EU Complaint appeared first on Gambling Insider.
encoded: The trade body alleges Facebook and Instagram have become major distribution channels for illegal gambling advertisements and are helping fuel the growth of the Dutch black market. Dutch gambling trade association VNLOK is pursuing legal action against Meta and filed a complaint with the European Commission. VNLOK alleges the company has failed to prevent large-scale promotion of illegal gambling operators on Facebook and Instagram. The association represents licensed online gambling operators in the Netherlands. It claims Meta has failed to comply with obligations under the European Union’s Digital Services Act (DSA) despite repeated warnings about illegal gambling advertisements appearing on its platforms. VNLOK’s research found that in the last quarter of 2025, an average of 70,000 gambling ads targeting Dutch consumers appeared on Meta platforms. The group claims more than 95% of those advertisements promoted unlicensed gambling operators and that Meta removed fewer than 5%. VNLOK Chairman Björn Fuchs said the issue extends beyond competition with licensed operators. This is not only an economic problem, but above all a major risk to consumer protection. Illegal providers do not adhere to rules regarding addiction prevention and actively target vulnerable groups such as minors and problem gamblers.” The association estimates the illegal market has reached more than €1 billion ($1.15 billion) in annual wagers. That makes it approximately the same size as the regulated sector. VNLOK Seeks Court Order and EU Intervention VNLOK criticized Meta’s approach to relying primarily on retroactive reporting via standard user tools. The organization argues that the DSA requires very large online platforms, such as Meta, to take adequate measures to limit the risks of illegal content, especially when it occurs structurally and on a large scale. VNLOK said it is pursuing legal action “because Meta refuses to enter into a substantive dialogue with the trade association.” Accord…

Why DraftKings’ Biggest Prediction Markets Opportunity May Still Be Ahead
type: item
creator: Chavdar Vasilev
date: 2026-06-23T11:37:25Z
description: Citizens argues that Railbird and market making, not today’s trading volumes, could become the most valuable parts of DraftKings’ prediction markets business. The most valuable part of DraftKings’ prediction markets business may not exist yet. In a research note, Citizens analysts Jordan Bender and Isabelle Slavin argued that the company’s forthcoming Railbird exchange integration and […] The post Why DraftKings’ Biggest Prediction Markets Opportunity May Still Be Ahead appeared first on Gambling Insider.
encoded: Citizens argues that Railbird and market making, not today’s trading volumes, could become the most valuable parts of DraftKings’ prediction markets business. The most valuable part of DraftKings’ prediction markets business may not exist yet. In a research note, Citizens analysts Jordan Bender and Isabelle Slavin argued that the company’s forthcoming Railbird exchange integration and planned market-making operations could ultimately prove more important than the customer growth and trading volume currently driving investor attention. Those capabilities drive the firm’s forecast that DraftKings could generate approximately $1 billion in annual revenue by 2030. Citizens estimates annual revenue of $907 million at a 20% market share, and up to $1.25 billion at a 30% share. Based on those market share assumptions, analysts predict that the prediction market business could be worth between $10 billion at 20% market share and $14 billion at 30%. The assessment comes as DraftKings continues laying the groundwork for that strategy through the expansion of its Predictions platform, the rollout of parlay-style “Combos” contracts, and the planned launch of its DKeX exchange infrastructure. Today’s Business Is Primarily About Growth The report argues that the current prediction market volume remains relatively insignificant from an earnings perspective. DraftKings disclosed approximately $108 million in consumer trading volume during May. Citizens estimates that translates into roughly $2 million in gross revenue at an approximate 2% take rate. The analysts noted that promotional spending likely offset much of that revenue during the period. Citizens also noted that the company has guided to between $200 million and $300 million of Predictions-related customer acquisition spending during 2026. Based on current acquisition costs and marketing spend, the analysts estimate that DraftKings could add between two and three million new customers this year. The focus on customer acqui…

Americans Oppose Political Prediction Markets Despite Industry Growth Push, Poll Finds
type: item
creator: Chavdar Vasilev
date: 2026-06-23T08:15:04Z
description: The prediction market industry is betting big on politics. Many Americans appear uncomfortable with the wager. Americans are significantly more comfortable with sports-related prediction markets than those tied to elections and politics, according to a new POLITICO/Public First survey. The poll, conducted by U.K polling firm Public First, found that 44% of respondents believe betting […] The post Americans Oppose Political Prediction Markets Despite Industry Growth Push, Poll Finds appeared first on Gambling Insider.
encoded: The prediction market industry is betting big on politics. Many Americans appear uncomfortable with the wager. Americans are significantly more comfortable with sports-related prediction markets than those tied to elections and politics, according to a new POLITICO/Public First survey. The poll, conducted by U.K polling firm Public First, found that 44% of respondents believe betting on election outcomes should be illegal, compared with 30% who said it should be legal. A similar share of respondents opposed markets on presidential pardons and comments by public figures. The findings arrive as prediction market operators continue to expand their political offerings. Analysts have increasingly pointed to elections and public policy contracts as major future growth opportunities for the emerging sector. Election Betting Faces Strongest Political Opposition Sports event contracts received the strongest support. About 53% of respondents say these contracts should be legal, with 23% saying they should be illegal. Weather- and award show-related contracts also received relatively strong support. Almost half (46%) of Americans say weather-related contracts should be legal, with 24% saying otherwise. Award show contracts receive nearly identical responses. However, public opinion shifts sharply when politics enters the equation. Markets tied to presidential pardons drew responses similar to those to election outcomes: 43% said they should be illegal, and 25% said they should be legal. Forty percent also opposed betting on comments the president or news outlets may make, compared with 27% who supported such markets. War- and terrorism-related contracts generated the strongest overall resistance. Fifty-seven percent said betting on the outcome of wars should be illegal, while 64% opposed markets involving acts of terrorism. Americans remain divided overall about prediction markets, according to the survey. About 29% said the growing popularity of prediction markets is a negati…

NCAA Bans Former Iona Player Adam Njie Jr. in Alleged Game-Fixing Plot
type: item
creator: Brant James
date: 2026-06-22T21:02:01Z
description: While Njie Jr. claims he didn’t actually shave points, the NCAA says that doesn’t matter. Another men’s college basketball player allegedly involved in a massive game-rigging scheme described in an equally massive federal indictment in January has been banned by the NCAA. In a release last week, the NCAA said that Adam Njie Jr. had […] The post NCAA Bans Former Iona Player Adam Njie Jr. in Alleged Game-Fixing Plot appeared first on Gambling Insider.
encoded: While Njie Jr. claims he didn’t actually shave points, the NCAA says that doesn’t matter. Another men’s college basketball player allegedly involved in a massive game-rigging scheme described in an equally massive federal indictment in January has been banned by the NCAA. In a release last week, the NCAA said that Adam Njie Jr. had been made permanently ineligible after allegedly conspiring to fix games while at Iona as a freshman in the 2024-2025 season. Njie Jr., who claims he didn’t follow through on promises to shave points for gamblers, cooperated with investigators and “agreed to his violations,” according to the release. Allegedly physically threatened by gamblers after one failed plan to shave points, Njie Jr. was mired in the same overlapping investigations that led to the conviction of Jontay Porter on fraud charges and has another former NBA player, Terry Rozier, set to stand trial in the Eastern District of New York on sports bribery charges in February. Njie Jr. has not been charged with a crime. Inside the Banishment of Iona Basketball Player Six men described as “fixers” in the Jan. 15 Eastern District of Pennsylvania indictment of a sprawling men’s college basketball corruption scheme were identified by the NCAA as the bettors in the Iona case. Njie Jr.’s potential involvement in a corruption scheme was unearthed by NCAA enforcement staff after interviewing a source involved in two other cases in July and September. That source said “two known bettors,” had contacted Njie Jr., about shaving points, leading to the Mississippi Gaming Commission flagging three wagers risking $15,000 on Rice covering the first-half spread against the Gaels in the Baha Mar Hoops Nassau Championship in the Bahamas.. With the game tied 35-35 at the half, Iona covered the spread, scoring the bets as losers. Njie Jr. insists that he only shared information with what the NCAA says are “known bettors” before two games. He did not, he claims, follow through on a plan to help ens…

Learning Hormones May Influence Gambling Urge Was ‘Lightbulb’ Moment for UK Woman. New Research Aims to Prove It.
type: item
creator: Robyn McNeil
date: 2026-06-22T17:58:00Z
description: Women in gambling recovery noticed it became harder to cope during certain menstrual phases. New research is hoping to confirm those lived experiences. It wasn’t until she was in recovery that Kiki Marriott realized her gambling urge always seemed to peak during a certain phase of her menstrual cycle. Marriott, who completed residential treatment for […] The post Learning Hormones May Influence Gambling Urge Was ‘Lightbulb’ Moment for UK Woman. New Research Aims to Prove It. appeared first on Gambling Insider.
encoded: Women in gambling recovery noticed it became harder to cope during certain menstrual phases. New research is hoping to confirm those lived experiences. It wasn’t until she was in recovery that Kiki Marriott realized her gambling urge always seemed to peak during a certain phase of her menstrual cycle. Marriott, who completed residential treatment for a 22-year gambling and substance use addiction in 2024, says she noticed a time each month when recovery felt harder. During that phase, she didn’t want to attend her meetings or support groups, she told Gambling Insider on a video call. I didn’t want to talk to anybody, and I was just really moody and horrible, and I was so close to pressing that button a few times, and I didn’t understand why.” Then, in one of her women-focused gambling support groups, another participant mentioned her period, and a “massive lightbulb” went off. Partnership Investigates Link Between Menstrual Cycle, Gambling Harm After 22 years of active addiction in a society that largely ignored the in and out of women’s cycles, Marriott said she didn’t know a lot about her own body. “[My cycle] wasn’t an open conversation in my home, so I just had a period every month, and I just dealt with that and carried on,” Marriott recalled. I didn’t understand the hormones and the fluctuations and the bouts of depression, and then feeling really hyper, and I thought I had all these other mental health problems … but really and truly, I was just reacting to the trauma I’d suffered. No one taught me how to regulate my own emotions; no one taught me about my nervous system or fight-or-flight mode. Nobody taught me how to process anything, so I just blocked it all out with a substance or gambling.” When she came into recovery and was still feeling erratic in certain parts of her cycle, Marriott said she feared relapse. But after her revelation, she took steps to learn about her body’s hormonal fluctuations, and today she’s no longer scared of her ovulation week.…