Sports Betting
Michigan judge blocks Kalshi from sports betting contracts
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A Michigan judge has issued a temporary restraining order against prediction market platform Kalshi, barring it from offering sports-related wagers to state residents for 14 days.
Jordan Spieth suggested that legalized betting may have contributed to hostile crowd behavior toward Wyndham Clark at the U.S. Open. The comments came during the buildup to the John Deere Classic in Silvis, Illinois.
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DraftKings disclosed strong early results for its Predictions platform on June 9. The company launched the offering in December 2025 and now reports an annualized trading run rate of $3.1 billion.
A Massachusetts judge has denied prediction-market operator Kalshi's request to keep offering sports-events contracts while appealing an injunction that will ban such operations without a state license in 30 days. The ruling underscores the ongoing conflict between state gaming regulators and federal oversight of prediction markets. Kalshi plans to continue fighting the decision.
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A federal indictment unsealed on January 16, 2026, in Pennsylvania has charged 26 individuals, including over a dozen college basketball players, in a widespread scheme to fix NCAA and Chinese Basketball Association games through point-shaving. The plot targeted games from the 2023-24 and 2024-25 seasons, with players allegedly underperforming to benefit bettors. Four North Carolina natives, including a former North Carolina A&T player, are among those implicated.
Emmanuel Clase and Luis Ortiz, pitchers for the Cleveland Guardians, appeared together in Brooklyn federal court on Tuesday for the first time since their arrests in a sports betting scandal. The judge set jury selection for May 4, with the trial to begin May 11. Both players have pleaded not guilty to charges of tipping bettors on pitches.
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Former Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz appeared together in Brooklyn federal court on Tuesday for the first time since being charged in a sports betting scandal. The ex-teammates shared a reluctant handshake after their lawyers' instructions and pleaded not guilty to the charges. Both are out on bail as their trial is tentatively set for May.
CFTC proposes first rules for prediction markets
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January 15, 2026 23:23Kennesaw State players indicted in NCAA basketball rigging scheme
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