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Every update across US online casinos: operators, markets, law, and the brands going live or shutting down. Newest first, each item dated and tagged to the pages it affects. Use the sections below to filter by topic.

  1. Kalshi sues to block Minnesota prediction market ban

    Kalshi sued Minnesota in federal court on May 27 to block the state's new ban on prediction markets. It asked for a temporary restraining order to stop the law before it takes effect August 1. The suit names Gov. Tim Walz and the state's gambling regulators.

    Minnesota's Senate File 4760, signed May 19, made it the first state to outlaw event contracts on sports, politics, and other outcomes. Kalshi argues the federal Commodity Exchange Act gives the CFTC exclusive control, so the state law violates the Supremacy Clause.

    The CFTC sued over the same law days after Walz signed it. Kalshi's filing opens a new front in federal court.

  2. Atlantic City casinos see Q1 2026 operating profit fall 22.6%

    Atlantic City's nine casinos posted $102.8 million in gross operating profit for the first quarter of 2026, down 22.6% from a year earlier, according to figures the New Jersey Division of Gaming Enforcement released May 22. Net revenue held roughly flat at $725.6 million.

    The casino hotels reported their highest first-quarter expenses in nine years, with higher labor and operating costs cutting into margins. Borgata stayed on top with $39.7 million in operating profit, down 18%. Hard Rock followed at $19.7 million, down 25%, and Ocean at $18.7 million, down 17%.

    Only one of the nine properties grew its profit year over year, and two casinos posted operating losses for the quarter.

  3. House Oversight probes Kalshi and Polymarket over insider trading

    House Oversight chair James Comer launched a probe of Kalshi and Polymarket on May 22. He sent letters to Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan asking how the platforms verify identity, enforce geographic limits, and flag suspicious trades.

    The investigation followed reports that a US Army master sergeant made about $400,000 on Polymarket using classified information about the capture of Venezuelan leader Nicolas Maduro. A New York Times review also flagged more than 80 Polymarket accounts that placed well-timed bets before undisclosed US and Israeli strikes in Iran.

    Comer signaled he may pursue legislation to bar federal employees from trading on the platforms.

    • Regulation News
    • Gambling News

  4. Ninth Circuit lets Nevada and Washington gambling cases against Kalshi and Polymarket proceed

    A Ninth Circuit panel on May 22 denied bids by Kalshi and Polymarket to halt state gambling cases against them in Nevada and Washington. Judges Ryan Nelson, Bridget Bade, and Kenneth Lee turned away three requests for stays and sent the suits back to state court.

    The orders said federal commodities oversight does not by itself give Kalshi and Polymarket a way out of state enforcement. Nevada accuses both platforms of running sports wagers without a gaming license. Washington's case asks whether Kalshi's event contracts amount to illegal gambling.

    The ruling splits with the Third Circuit, which sided with Kalshi against New Jersey, and tightens state-court pressure on prediction markets.

  5. Tennessee makes prediction market manipulation a Class E felony

    Gov. Bill Lee signed Senate Bill 1992, creating a new Class E felony in Tennessee for intentionally influencing the outcome of an event while holding a prediction market contract tied to that outcome. The law takes effect July 1.

    The statute slots the offense into Title 39, Chapter 14 of state code as a property crime, not a gambling violation. Tennessee becomes one of the first US states to write prediction market integrity directly into criminal code, as Kalshi and Polymarket push sports event contracts deeper into the mainstream.

    The Senate passed the bill 28-1. It moves alongside Tennessee's sweepstakes casino ban, SB 2136, which Lee signed the same month.

  6. Tennessee Gov. Lee signs sweepstakes casino ban into law

    Tennessee Gov. Bill Lee signed Senate Bill 2136 on May 22, the final day of his 10-day window to act. The law bans online sweepstakes casinos that use a dual-currency model, the format that defines brands like Chumba, McLuck, Stake.us, and Crown Coins.

    Violations fall under the Tennessee Consumer Protection Act of 1977. The law also lets state regulators investigate and enforce directly against operators.

    State Attorney General Jonathan Skrmetti had already pushed most major sweeps brands out through cease-and-desist letters in late 2025. Tennessee becomes the third state this year to put a sweepstakes ban into law, after Indiana and Maine.

  7. Kalshi and Rhode Island file dueling lawsuits over prediction markets

    Kalshi and Rhode Island took each other to court on May 21 over the prediction market's sports event contracts. Kalshi sued first in US District Court in Providence, naming Attorney General Peter Neronha and two state gaming officials, and sought an emergency order to block the state from shutting down its platform.

    Hours later, Neronha sued Kalshi and Polymarket in state superior court, claiming both run illegal sports gambling. He said there is no real difference between sports betting and the event contracts the platforms sell.

    Rhode Island licenses its online casinos. The case tests whether federally regulated prediction markets can offer sports wagers there without a state license.

  8. New York Senate committee advances prediction market ban

    A New York Senate committee advanced a bill to ban many prediction market contracts on May 21. The Racing, Gaming and Wagering Committee voted 6 to 0 to move Senate Bill 9414, sponsored by Sen. Joseph Addabbo, to the Finance Committee.

    The bill would bar contracts tied to sports, politics, death, catastrophic events, and securities. It would also raise the minimum age for prediction market trading to 21, require self-exclusion tools, restrict advertising, and block funding through credit cards or gift cards.

    New York's legislative session ends in about two weeks, so the bill has little time left to pass. It would add the state to a growing list pushing back on platforms like Kalshi and Polymarket.

  9. Senate hearing signals federal rules for prediction markets

    A US Senate subcommittee that examined sports betting and prediction markets on May 20 signaled that federal rules are likely. Sen. Marsha Blackburn of Tennessee, who chaired the Commerce subcommittee hearing, called it the first of several and said she will work with Commerce Committee chair Ted Cruz on federal standards for prediction markets.

    Senators from both parties said the sports event contracts offered by Kalshi and Polymarket work like sports bets. American Gaming Association CEO Bill Miller argued the platforms skip the rules state-licensed operators follow and cut into state tax revenue. The Coalition for Prediction Markets said federal commodities oversight already covers them.

    A federal standard could change how prediction markets compete with regulated online casinos.

    • Regulation News
    • Gambling News

  10. US Senate to weigh sports betting integrity and prediction markets May 20

    A US Senate subcommittee meets May 20 to examine sports betting integrity and the growth of prediction markets like Kalshi and Polymarket. The hearing, chaired by Tennessee's Sen. Marsha Blackburn, is the first time prediction markets have been placed alongside the licensed sportsbook industry in a congressional setting.

    Witnesses include American Gaming Association CEO Bill Miller, Tennessee Sports Wagering Council director Mary Beth Thomas, and Patrick McHenry of the Coalition for Prediction Markets.

    The AGA and the Indian Gaming Association recently asked Congress to bar prediction markets from offering sports event contracts, arguing they sidestep the consumer rules that apply to state-licensed casinos.

    • Regulation News
    • Gambling News

  11. Bipartisan US Senate bill would fine gambling ads to minors up to $100,000

    US Senators Katie Britt of Alabama and Richard Blumenthal of Connecticut introduced the Gaming Advertisement to Minors Enforcement (GAME) Act on May 19. The bipartisan bill would ban gambling ads aimed at anyone under 18 on digital platforms and let the Federal Trade Commission fine violators up to $100,000 per ad.

    Coverage extends to traditional sportsbooks, online casinos, and prediction markets like Kalshi and Polymarket. Repeat offenders could face additional civil penalties through the Department of Justice.

    If enacted, the law would take effect one year later. It would be the first US statute to put a dollar penalty on gambling ads served to minors through behavioral targeting on social media.

    • Regulation News
    • Gambling News

  12. Michigan online casinos won $303.4 million in April

    Michigan's 15 internet casinos generated $303.4 million in gross receipts in April, the Michigan Gaming Control Board reported May 19. Revenue rose 22.3% from $248.1 million in April 2025 and ranked as the state's third-highest iGaming month on record.

    Combined with online sports betting, regulated operators reported $371 million in total April revenue. The state collected $60.7 million in iGaming tax for April, and another $22.2 million went to Detroit and other local jurisdictions.

    Only March 2026 ($322.1 million) and December 2025 ($315.8 million) have produced higher monthly iGaming totals for Michigan. The state trails only New Jersey and Pennsylvania for US online casino size.

  13. No online casino bill on the table

    New Hampshire's 2026 session has not advanced any iGaming legislation. Sports betting through DraftKings and the NH iLottery remain the only legal online options.

  14. NJ stays the largest US iGaming market

    New Jersey online casinos continue to lead the country in monthly revenue. All operators remain licensed and audited by the Division of Gaming Enforcement.

  15. Pennsylvania online casinos won $311.8 million in April

    Pennsylvania online casinos generated $311.8 million in gross revenue in April, up 9.4% from $285.1 million in April 2025, the Pennsylvania Gaming Control Board reported May 19. Adjusted revenue, after promotional credits, came in at $245.8 million.

    Online slots produced $195.2 million of the April total, online table games $48 million, and online poker $2.6 million. The state collected $113.5 million in iGaming tax revenue for the month.

    Total statewide gaming revenue across all formats rose nearly 11% from April 2025, the PGCB said. Pennsylvania trails only New Jersey for the largest US online casino market.

  16. Stake.us pulls out of Illinois after gaming board cease-and-desist

    Stake.us closed to Illinois players on May 19, three months after the Illinois Gaming Board sent the sweepstakes site a cease-and-desist letter. Player accounts moved to "redeem only" status. Customers can withdraw existing balances but can no longer purchase coins, join promotions, or play games.

    The Illinois Gaming Board, working with the state attorney general's office, sent similar letters to more than 65 sweepstakes operators in February over alleged unlicensed online casino activity. Stake.us is among the few brands so far to comply.

    The exit pulls Stake.us out of 19 US states. Its parent still serves players in 31 states and remains one of the largest dual-currency sweepstakes brands in the country.

  17. Minnesota becomes first state to ban prediction markets, CFTC sues

    Gov. Tim Walz signed Senate File 4760 on May 18, making Minnesota the first state to explicitly ban prediction markets like Kalshi and Polymarket. The new restrictions make hosting or advertising contracts on sports, politics, war, weather, and other future events a state crime. They take effect August 1.

    The Commodity Futures Trading Commission sued Minnesota in federal court the next day to block the law. CFTC Chairman Michael Selig said the law would turn lawful operators into felons overnight.

    Minnesota joins a federal-state fight already playing out in Nevada, New Jersey, New York, Rhode Island, Washington, and Wisconsin.

  18. Minnesota sweepstakes casino ban fails as session ends

    A Minnesota bill to ban dual-currency sweepstakes casinos failed to pass before the Legislature adjourned its 2026 session on May 18. Senate File 4474 cleared the Senate on April 30 but never got a House floor vote.

    The bill was referred to a House committee in early May and saw no further action. Backers would have to reintroduce it in the 2027 session to try again.

    Sweepstakes casino sites stay legally available to Minnesota residents for now, though the state attorney general has separately ordered several unlicensed operators to stop.

    • Regulation News

  19. New Jersey online casinos won $263 million in April

    New Jersey online casinos and their partners won $263.1 million in April, the state Division of Gaming Enforcement reported May 15. That was up 11.9% from $235.2 million in April 2025, though it trailed March, one of the state's strongest months on record.

    Internet gaming win reached $1.05 billion through the first four months of 2026, a 15.1% gain over the $908.4 million booked a year earlier. New Jersey leads all US states in online casino revenue.

    The totals come from licensed operators audited by the Division of Gaming Enforcement.

  20. Oklahoma lawmakers override veto to ban sweepstakes casinos

    Oklahoma lawmakers overrode Governor Kevin Stitt's veto of Senate Bill 1589 on May 14, putting a ban on online sweepstakes casinos into law. The Senate voted 34 to 10 and the House followed 68 to 19.

    Stitt had vetoed the measure on May 7, calling it too broad and saying it would criminalize everyday apps. The new law targets dual-currency systems that let players swap promotional coins for cash prizes, the model most sweepstakes casino sites use.

    Players in Oklahoma will lose access to these sites once state regulators begin enforcement.

    • Regulation News

Editorial Sources

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