An Army Sergeant, a White House Aide, and a California Candidate: Prediction Markets’ Insider-Trading Problem

Prediction Market Insider Trading: California Saw It Coming

A wave of insider-trading cases, from a soldier who bet on a classified military operation to Trump’s teleprompter operator, has made prediction markets a federal enforcement target. California moved on the risk months before the scandals broke. WASHINGTON — The people getting caught are what make the story. An Army master sergeant with a security … Read more

Wilton Rancheria Seeks 90 Trust Acres, No Gaming Proposed

Wilton Rancheria Seeks 90 Trust Acres, No Gaming Proposed

Wilton Rancheria asked the Bureau of Indian Affairs to take 90.57 acres in Elk Grove into federal trust. The nine parcels beside Sky River Casino would carry 150,000 square feet of office and 400,000 of commercial space. The environmental assessment proposes no gaming, unlike the 2017 acquisition that made the Sky River site gaming-eligible. Public … Read more

Fort Mojave Compact Waives Payment To A Fund It Draws From

Fort Mojave Compact Waives Payment To A Fund It Draws From

The Fort Mojave Indian Tribe received $275,000 for the quarter ended June 30 and $27.1 million to date. Section 5.2 of the new compact says the tribe owes no payment to the Revenue Sharing Trust Fund. The compact authorizes 1,200 gaming devices and two casinos but records the tribe’s intent to stay under 350 devices. … Read more

The Casino That Opened Before Washington Said Yes

Scotts Valley Casino: A $700M Bet Now Waiting on Interior

Scotts Valley is dealing cards in Vallejo while Washington decides whether its $700 million resort is legal at all, and a rival tribe fights to stop both. VALLEJO, Calif. — A casino is up and running in this Bay Area city before Washington has finally decided the tribe is even allowed to run it. That … Read more

DraftKings Told Californians It Was Legal. A Judge Just Cast Doubt.

DraftKings California Lawsuit Likely to Proceed, Judge Says

SAN FRANCISCO — A federal judge signaled Thursday that he will not throw out a class action accusing DraftKings of running illegal sports betting in California through its daily fantasy contests, telling lawyers he believes the games are likely prohibited by state law and that the players suing have adequately alleged a financial injury. What … Read more

California Tribal Gaming Anchors a Record $46.2 Billion Year

California Tribal Gaming Anchors a Record $46.2 Billion Year

Tribal gaming revenue hit a record $46.2 billion in fiscal 2025, up 5.3%, or $2.3 billion, over the year before. At $12.6 billion, the Sacramento region spanning California and northern Nevada topped all eight of the NIGC’s regions. California’s region grew 4.1%, below the 5.3% national rate, even as it remained the nation’s largest tribal-gaming … Read more

California Problem Gambling Help for Bets It Never Legalized

California Problem Gambling Help for Bets It Never Legalized

California’s treatment program reached 4,670 people through 143 authorized providers in 2024-25. New intakes included 799 gamblers and 176 relatives harmed by someone else’s gambling. More Californians are seeking help for sports betting and online gambling, neither of them legal in the state. The problem gambling seat on the state gaming policy committee expires Dec. … Read more

California Multi-Owner License Would Waive $6,600 Deposit

California Card Room License | Multi-Owner Deposit Waiver

The California Gambling Control Commission takes written comment on the proposed multi-owner license through July 31. Owners in good standing would skip the $6,600 initial background deposit and the supplemental information forms. A pending accusation, an evidentiary hearing or four kinds of pre-existing license conditions block good standing. The commission’s owner list shows 55 owners … Read more

Spain Won the World Cup. The Markets Went Out With $1.4 Billion on One Match.

World Cup Final Betting | $1.4 Billion on Spain's Win

Ferran Torres ended it in extra time, Lionel Messi walked off without a repeat, and the biggest betting event in prediction-market history closed with a final worthy of its volume. EAST RUTHERFORD, N.J. — The tournament that broke every betting record saved its coldest sweat for last. Spain and Argentina played 105 scoreless minutes at … Read more